Listing of New Ordinary Share

Cairn Energy PLC
26 March 2007


EMBARGOED FOR RELEASE AT 0700


                                                                   26 March 2007



                        CAIRN ENERGY PLC ('the Company')

                         Listing of New Ordinary Shares

Following Shareholder approval of the Return of Cash on 22 March 2007, it is
expected that the New Ordinary Shares in  the Company will be admitted to the
Official List maintained by the UK Listing Authority and will commence trading
on  the main market of the London Stock Exchange at 8.00 a.m. today.  The ISIN
for the New Ordinary Shares is GB00B1RZDL64,  and the New Ordinary Shares have
replaced the Existing Ordinary Shares.  Further details of the Return of Cash
are  contained in the circular to Shareholders dated 27 February 2007 (the
'Circular').

A total of 130,380,185 New Ordinary Shares of 6 2/13 pence each and 160,467,920
B Shares of 5 pence each will be in  issue following admission.

Application has been made to the UK Listing Authority and to the London Stock
Exchange, respectively, for the admission  to the Official List and to trading
on the London Stock Exchange of 130,380,185 New Ordinary Shares of 6 2/13 pence 
each.  The B shares will neither be admitted to the Official List of the UK
Listing Authority nor to trading on the  market for listed securities of the
London Stock Exchange.

As detailed in the Circular, the Company issued 12 Existing Ordinary Shares to
one of its employees on 23 March 2007 so  that the Company's issued share
capital prior to the Capital Reorganisation was exactly divisible by 16.  The
New  Ordinary Shares resulting from the Capital Reorganisation of that allotment
are included in the application for the  admission of 130,380,185 New Ordinary
Shares of 6 2/13 pence each. As a condition of the allotment, the proceeds of
the  sale of the New Ordinary Shares resulting from such allotment, any
entitlement to proceeds from the Return of Cash and  the proceeds of the sale of
any fractional entitlement have been surrendered to the Company.

In addition, a new block listing application in relation to the Existing Cairn
Share Schemes for 1,785,000 New Ordinary  Shares of 6 2/13 pence each in respect
of the Cairn Energy PLC 1996 Second Share Option Scheme (54,000 New Ordinary 
Shares), Cairn Energy PLC 2002 Unapproved Share Option Plan (1,540,000 New
Ordinary Shares) and Cairn Energy PLC 2003  Approved Share Option Plan (191,000
New Ordinary Shares) has also been made.

Terms defined in the Circular have the same meaning when used in this
announcement.




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