Holding(s) in Company

Cairn Energy PLC
28 May 2003



FOR IMMEDIATE RELEASE


28 May 2003

                           Cairn Energy PLC ('Cairn')


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


On 28 May 2003, Cairn was notified by The Capital Group Companies, Inc. that its
affiliate Capital Research and Management Company now has an interest in
2,030,000 Ordinary Shares of 10 pence each in Cairn, representing 1.36% of
Cairn's current issued ordinary share capital.


The registered holder to which this notification relates and the number of
shares held by the registered holder as at 28 May 2003 is as follows:-

REGISTERED HOLDER                               NUMBER OF         
                                                SHARES
                                                                  

State Street Nominees Limited                   2,030,000        1.36%



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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