Holding(s) in Company

Cairn Energy PLC
27 February 2003



27 February 2003


                           Cairn Energy PLC ('Cairn')


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


Cairn was notified on 26 February 2003 by Deutsche Bank AG London on behalf of
Deutsche Bank AG that Deutsche Bank AG and its subsidiaries have in aggregate an
interest in 16,304,993 ordinary shares of 10p each in Cairn, representing 10.94%
of Cairn's current issued ordinary share capital.


The registered shareholders to which this notification relates and the number of
shares held by the registered holders at the date of notification is as follows:-

                                                                                       NUMBER OF
REGISTERED HOLDER                                                                         SHARES

Deutsche Bank AG London                                                                  280,271
Deutsche Bank AG Frankfurt                                                                16,068
Morgan Nominees Limited                                                                7,337,262
Morgan Nominees Limited a/c 131                                                        2,339,509
Bank of New York Nominees                                                                446,400
BT Globenet Nominees                                                                     134,200
Channel Nominees                                                                          26,800
Chase Nominees                                                                           597,943
Clydesdale Bank Custodian Nominees                                                       428,738
Deutsche Asset Management GmbH                                                           120,000
Deutsche Bank International Ltd                                                            8,000
Deutsche Bank International Jersey                                                         2,115
HSBC Global Custody Nominees (UK)                                                         89,000
Lloyds Bank Nominees                                                                       1,600
Nortrust Nominees                                                                        605,487
RBSTB Nominees                                                                            22,100
RBSTB Nominees A/c RTLDN                                                                  72,000
State Street Nominees                                                                  3,721,600
Tokyo Trust                                                                               55,100
To Be Advised                                                                                800
                                                                                      16,304,993




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