CAPRICORN ENERGY PLC

Major Shareholding Notification • Sep 3, 2015

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RNS Number : 9706X

Cairn Energy PLC

03 September 2015

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Cairn Energy PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments					X
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation: iii		Greenlight Capital, Inc. and each of its affiliates listed below: DME Advisors, LP DME Capital Management, LP Greenlight Masters, LLC Mr. David Einhorn
4. Full name of shareholder(s) (if different from 3.):iv		Greenlight Capital, Inc. DME Advisors, LP DME Capital Management, LP Greenlight Masters, LLC
5. Date of the transaction and date on which the threshold is crossed or reached: v		August 28, 2015
6. Date on which issuer notified:		September 2, 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		Crossed reportable threshold of 6%.

8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction						Resulting situation after the triggering transaction
Number of Shares			Number of Voting Rights			Number of shares		Number of voting rights			% of  voting rights x
Direct		Direct xi		Indirect xii	Direct			Indirect
Ordinary shares	32,184,130			32,184,130			31,648,164		31,648,164			5.49%
GB00B74CDH82
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
31,648,164								5.49%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Shares and financial instruments are held by Greenlight Capital, L.P., Greenlight Capital Qualified, L.P., Greenlight Capital Offshore Partners, Greenlight Reinsurance, Ltd., Greenlight Capital (Gold), LP, Greenlight Capital Offshore Master (Gold), Ltd., and Greenlight Masters Partners. The investment manager for Greenlight Capital, LP and Greenlight Capital Qualified, LP is Greenlight Capital, Inc., a Delaware corporation ("GCI").  The investment advisor for Greenlight Capital Offshore Partners is GCI.  The investment advisor for Greenlight Reinsurance, Ltd. is DME Advisors, LP, a Delaware limited partnership.  The investment manager for Greenlight Capital (Gold), LP is DME Capital Management, LP, a Delaware limited partnership ("DMECM").  The investment advisor for Greenlight Capital Offshore Master (Gold), Ltd. is DMECM.  The investment manager for Greenlight Masters Partners is Greenlight Masters, LLC, a Delaware limited liability company. Each of GCI, DME Advisors, LP, DMECM, and Greenlight Masters, LLC is controlled by David Einhorn.
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	None
14. Contact name:	Harry Brandler, Chief Financial Officer
15. Contact telephone number:	1-212-973-1900

This information is provided by RNS

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