Key facts

• One of Europe’s leading oil and gas exploration and development companies
• Chief Executive Officer, Simon Thomson; Managing Director and Chief Financial Officer, Jann Brown; Deputy Chief Executive Officer, Mike Watts
• Headquarters in Edinburgh, with operational offices in Nuuk (Greenland), London (UK), Stavanger (Norway) and Madrid (Spain)
• Listed on the London Stock Exchange in 1988
• Focused on exploration opportunities with transformational potential within a balanced portfolio of lower risk exploration and development assets
• Returned a total of $4.5 billion to shareholders in the last five years
• Focused on three geographic regions; Atlantic Margin, Mediterranean and UK & Norway
• Assets in Greenland, Spain, Morocco, UK, Norway, Malta, France, Albania and Nepal
• Cairn is the largest acreage holder in Greenland; eight of the fourteen wells drilled in Greenland to date have been drilled by Cairn

Key activity in 2012

• Returned ~$3.5 billion to shareholders
• Acquired Agora Oil & Gas AS and Nautical Petroleum plc, providing mature basin exploration and development interests in the UK and Norwegian North seas
• Participated, alongside its partners, in nine wells in the UK and Norwegian North Seas
• Entered into an Exploration Study Agreement with the Government of Malta
• Acquired exploration acreage offshore Morocco’s Atlantic coast
• Farmed out a 30.625% interest in the Pitu block offshore Greenland to Statoil

Investment in Cairn India

• Made a major discovery in Rajasthan, India in 2004; the Mangala field was the largest onshore oil find in India for 25 years
• Listed the Indian part of its business, Cairn India Limited, on the National and Bombay Stock Exchanges in 2007
• Returned $3.5 billion of cash to shareholders in 2012 following the sale of a 40% shareholding in Cairn India Limited to Vedanta Resources plc in 2011
• Retains a ~10% shareholding in Cairn India Limited
• Cairn India Limited has the potential to account for more than 30% of India’s oil production