Killajoules

Proposed part sale of shareholding in Cairn India Limited Cairn India to Vedanta Resources plc
Cairn and Vedanta have agreed to certain adjustments to the Transaction sale and purchase agreement for the sale of part of Cairn Energy PLC’s shareholding in Cairn India, involving the removal of the non-compete arrangements and associated fee, which are expected to result in a 5.3 per cent reduction in post-tax proceeds. Cairn and Vedanta have also agreed that completion of the Transaction will take place in two tranches: an initial sale of a 10 per cent stake in Cairn India, and a subsequent sale of a 30 per cent stake which remains subject to receipt of the necessary consents and approvals from the Government of India.

Exploration Offshore Greenland
Cairn has commenced drilling operations on two wells offshore West Greenland.

Cairn secures rigs for 2011 Greenland Exploration
Cairn has secured two state of the art dynamically positioned drilling vessels for its 2011 dual rig exploration programme offshore Greenland.

Santos to Acquire Cairn Energy Sangu Field Ltd
Cairn Energy PLC (“Cairn”) announces that its wholly-owned subsidiary Capricorn Energy Limited (“Capricorn”) has today entered into a conditional sale and purchase agreement (“SPA”) with Santos International Holdings Pty Limited (“Santos”).