Director Declaration

RNS Number : 5829S

Cairn Energy PLC

13 September 2010

 



FOR IMMEDIATE RELEASE                                                                               13 September 2010

CAIRN ENERGY PLC

The following information regarding Iain McLaren, Non-Executive Director of Cairn Energy PLC, was released to the London Stock Exchange by Edinburgh Dragon Trust plc on 6 September 2010.

EDINBURGH DRAGON TRUST PLC ('DRAGON')

Board Appointment

As part of the ongoing process to refresh the Board, the Company is delighted to announce the appointment of Iain McLaren as an independent non-executive Director of the Company and member of its Audit Committee, with effect from 6 September 2010. 

Mr McLaren (59) retired from KPMG in 2008 having been a partner for 27 years and was Senior Partner in Scotland from 1999 to 2004.  He is the Senior Independent Director and Audit Committee Chairman of Cairn Energy PLC.   He is also a non-executive director of Baillie Gifford Shin Nippon Plc and Investors Capital Trust Plc and a director of a number of other companies.   He is the Senior Vice President of Institute of Chartered Accountants of Scotland.

Mr McLaren currently has no beneficial interests in the shares of the Company.

There are no disclosures required under Section 9.6.13 (2) to (6) of the Financial Services Authority Listing Rules.

NOTES TO EDITORS: 

Ø Cairn Energy PLC ("Cairn") is an Edinburgh-based oil and gas exploration and production company listed on the London Stock Exchange. Following the IPO of Cairn India in January 2007, there are two separate arms to the business:

Ø Cairn India limited ("Cairn India") is now listed on the Bombay Stock Exchange and the National Stock Exchange of India and has interests in a total of 11 acreage blocks in India and Sri Lanka. Cairn currently retains a 62.37% interest in Cairn India.

Ø Capricorn Oil Limited ("Capricorn"), a 100% subsidiary of Cairn, is focused on exploration. Capricorn now has assets in Bangladesh, Nepal, Northern India, Greenland, Tunisia, Albania, and pending licence awards in Spain.

Ø "Cairn" where referred to in this release means Cairn Energy PLC and/or its subsidiaries (including Cairn India and Capricorn), as appropriate.

Ø "Cairn India" where referred to in the release means Cairn India Limited and/or its subsidiaries, as appropriate.

Ø "Capricorn" where referred to in this release means Capricorn Oil Limited and/or its subsidiaries as appropriate.

Ø Cairn has focused its activities on the geographic region of South Asia, which has already resulted in a significant number of oil and gas discoveries.  In particular, Cairn made a major oil discovery (Mangala) in Rajasthan in the north west of India at the beginning of 2004. Cairn has now made more than 20 discoveries in Rajasthan block RJ-ON-90/1.

Ø Cairn India is headquartered in Gurgaon on the outskirts of Delhi, with operational offices in Chennai, Gujarat, Andhra Pradesh and Rajasthan.

Ø Cairn Energy PLC (including Capricorn) is run from Edinburgh with operational offices in Dhaka, Chittagong and Kathmandu.

For further information on Cairn please go to: www.cairnenergy.com

 

END

 

 

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