Holding(s) in Company

Cairn Energy PLC
23 May 2002



23 May 2002





                           Cairn Energy PLC ('Cairn')

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





On 22 May 2002, Cairn was notified by Legal & General Investment Management
Limited that it now holds an interest in 4,502,460 Ordinary Shares of 10 pence
each in Cairn, representing 3.03% 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 22 May 2002 is as
follows:-




                                                                 NUMBER OF
REGISTERED HOLDER                                                   SHARES

HSBC Global Custody Nominee (UK) Ltd A/c 886603                    503,074
HSBC Global Custody Nominee (UK) Ltd A/c 775245                    676,703
HSBC Global Custody Nominee (UK) Ltd A/c 766793                     33,613
HSBC Global Custody Nominee (UK) Ltd A/c 360509                    138,178
HSBC Global Custody Nominee (UK) Ltd A/c 357206                  2,900,784
HSBC Global Custody Nominee (UK) Ltd A/c 363605                    138,108
HSBC Global Custody Nominee (UK) Ltd A/c 866203                    112,000
                                                                 4,502,460 3.03%









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