Holding(s) in Company

Cairn Energy PLC
28 April 2004


FOR IMMEDIATE RELEASE

28 April 2004

                           Cairn Energy PLC ('Cairn')

   Notification of Shareholding - Companies Act 1985 ss.198-202 (as amended)

On 27 April 2004, Cairn was notified by Fidelity International Limited and its
direct and indirect subsidiaries, being non-beneficial holders, that they had an
interest in 20,473,708 ordinary shares of 10 pence each in Cairn, representing
13.60% of Cairn's current issued ordinary share capital.

The registered holders to which this notification relates and the number of
shares held by those registered holders as at 14 October 2003 is as follows:-

REGISTERED HOLDER                                           NUMBER OF       %
                                                             SHARES

Chase Nominees Limited                                    7,830,753
Chase Manhattan Bank London                                 185,205
Mellon Nominees Limited                                     110,600
Chase Nominees Limited                                      550,363
Northern Trust                                              160,200
Chase Nominees Limited                                    1,308,417
HSBC Client Holdings Nominee (UK) Limited                 7,339,954
Chase Manhattan Bank London                                 360,674
Bank of New York London                                   1,583,680
Deutsche                                                     21,200
Northern Trust                                              481,535
State Street Nominees Limited                               175,800
Bank of New York Brussels                                    63,196
State Street Bank & Trust                                    53,300
Nortrust Nominees Ltd                                       248,831
                                                         20,473,708      13.60%

The notifiable interests also comprise the notifiable interest of Mr Edward C.
Johnson 3rd, principal shareholder of Fidelity International Limited.




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