Director Shareholding

Cairn Energy PLC
22 June 2004


FOR IMMEDIATE RELEASE                                              22 June 2004


                  Cairn Energy PLC ('Cairn' or 'the Company')

                         Director's Interests in Shares

Cairn was notified today by Hamish Grossart, Deputy Chairman, that he has
purchased 50,000 Ordinary Shares of 10 pence each in the Company. Details of the
purchase are as follows:-

Date of Purchase      Number of Shares Purchased           Purchase Price
                                                           per Share

22 June 2004                   50,000                       £12.4761

Following this announcement, Mr Grossart's beneficial interest in Cairn's issued
ordinary share capital is as follows:-

Previous Shareholding    Shares Purchased    New Shareholding    % of Issued
                                                                 Share Capital

      50,000                   50,000             100,000           0.066




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