http://www.cairnindia.com These materials contain forward looking statements regarding Cairn India our corporate plans future financial condit ion, future results of operations, future business plans and strategies. Here we have provided all the facts including Holding Structure, World Class Asset Base, Growth Strategy and Financial Highlights.

1. CAIRN INDIA
Corporate Presentation
July 2011

2. 2
Disclaimer
These materials contain forward-looking statements regarding Cairn India, our corporate plans, future financial
condition, future results of operations, future business plans and strategies. All such forward-looking
statements are based on our management's assumptions and beliefs in the light of information available to
them at this time. These forward-looking statements are, by their nature, subject to significant risks and
uncertainties and actual results, performance and achievements may be materially different from those
expressed in such statements. Factors that may cause actual results, performance or achievements to differ
from expectations include, but are not limited to, regulatory changes, future levels of industry product supply,
demand and pricing, weather and weather related impacts, wars and acts of terrorism, development and use
of technology, acts of competitors and other changes to business conditions. Cairn India undertakes no
obligation to revise any such forward-looking statements to reflect any changes in Cairn India’s expectations
with regard thereto or any change in circumstances or events after the date hereof.

3. 3
Holding Structure
IPO December 2006
7.1% 2.6%
Listed on BSE & NSE in January 2007
9.4%
Part of NIFTY index & DJIT30
52.1%
Over 200,000 Indian retail shareholders
28.8%
Market Cap >USD13 billion; amongst India’s top 20
Cairn PLC FII
Total Equity of 1,902 million shares; Free float ~19%* Vedanta Group Retail
Institutions
DJIT30: Dow Jones India Titans 30 Index, *Free float excludes Vedanta Groups holding As on 27July, 2011

4. 4
World Class Asset Base
Production Blocks 10 blocks in the Portfolio
Exploration Potential
Rajasthan (RJ-ON-90/1) Rajasthan
Cairn (Operator) 70% RJ-ON-90/1 WI 70%
ONGC 30%
East Coast
KG-DWN-98/2 WI 10%
KG-ONN-2003/1 WI 49%
Cambay (CB/OS-2)
PKGM-1 (Ravva) WI 22.5%
Cairn (Operator) 40%
KG-OSN-2009/3 WI 100%
ONGC 50% PR-OSN-2004/1 WI 35%
Tata Petrodyne 10%
West Coast
CB/OS-2 WI 40%
Ravva (PKGM-1) KK-DWN-2004/1 WI 40%
Cairn (Operator) 22.5% MB-DWN-2009/1 WI 100%
ONGC 40%
Videocon 25% Sri Lanka
Ravva Oil 12.5% SL 2007-01-001 WI 100%
Q1 FY 2011-12: Average Daily Gross operated production at 171,801 boe; Cairn (Working Interest) at 99,640 boe

5. 5
Growth Strategy
Maximise Execute Maximise Identify
recovery from Rajasthan Potential in new growth
production base development Rajasthan opportunities
Increased Ravva Mangala current
>3,000 km2 in Barmer Frontier exploration
reserves by 20% in production-125kbopd;
Basin under contract drilling to commence
2010 potential to reach 150
in Sri Lanka
kbopd*
>16 years of low cost Resource base at 6.5
bn boe Exploration and
operations in Ravva Crude transports
Appraisal drilling in
through Pipeline
Initiatives to slow Monetise Barmer Hill KG-ONN-2003/1
down production (BH) & Other Fields;
decline – 4D MBA approved peak BH DoC filed, FDP New plays in
seismic, Infill drilling production at 175 under preparation
kbopd Rajasthan
GBA agreement for
sharing gas from the Increased recovery Vision to produce 240
through EOR; pilot kbopd** Existing portfolio
shared reservoir in
ongoing enhancement
CB/OS-2
GBA: Gas Balancing Agreement, * subject to Joint Venture (JV) and GoI approval, ** subject to JV and GoI approval & additional investments

6. 6
Financial Highlights Q1 FY 2011 - 12
Net Revenue ~USD 830 million
EBIDTA ~USD 706 million
Profit After Tax (PAT) ~USD 610 million
Cash Flow from Operations (CFFO)* ~USD 576 million
Quarterly EPS INR 14.3 per share
Net Cash** ~USD 1,025 million
Gross Cumulative RJ Development Capex** ~USD 3,115 million
*CFFO is calculated as profit after tax (excluding other income) prior to non-cash expenses (non-cash employee
cost, depreciation, depletion, amortisation, and deferred tax) and exploration cost
The company started sharing Profit Petroleum with the GoI in the Rajasthan block at the rate of 20% under the
Production Sharing Contract (PSC) framework
** as on 30 June, 2011

7. 7
Financial Highlights
Price Realization (USD/boe) Gross Production (Kbopd) Revenue
Q1 FY12 104 830
172
Q4 FY11 92 808
161
Q3 FY11 74 691
174
Q2 FY11 68 577
165
Q1 FY11 67 184
95
0 50 100 150 200 0 200 400 600 800
USD Million
PAT Cash Flow from Operations
Q1 FY12 610 576
Q4 FY11 543 577
Q3 FY11 448 455
Q2 FY11 341 337
Q1 FY11 62 108
0 200 400 600 800 0 200 400 600 800
USD Million USD Million

8. 8
Rajasthan - Frontier to Producing Basin
Frontier Exp. Exploration & Appraisal Development & Production
1995 - 2002
Mangala
Mangala
Processing
Terminal
Bhagyam
Aishwariya
Oil
Gas
Rajasthan
Raageshwari
Gujarat
Viramgam
Kandla
Koyali
 Jamnagar
/ Salaya
Bhogat
Tankers to
Coastal Refineries
25 discoveries to date
>3,000 km² approved development area

9. 9
Rajasthan Update
MPT
 Mangala production ~125,000 bopd; reservoir performance as per
expectations
 148 Mangala wells drilled; 96 completed, 64 producing
 Saraswati commenced production in May 2011; currently
producing at the rate of 250 bopd
 Produced and sold >50 mmbbls of crude to Indian refiners; gross Pipeline
cumulative field revenue in excess of USD 4 billion to date
Total Pipe Diameter
 Construction activity on Train 4 at MPT commenced; expected to 790 mm (32”)
commission in Q4 CY 2011 to take the capacity to 205,000 bopd High Density
Polyethylene Wrap
 Reservoir performance & surface facilities ready to support
Mangala production of 150,000 bopd; subject to JV and GoI
approval
Heat Tube
 Bhagyam development on track; 33 wells drilled, expected to
commence production in Q4 CY 2011; subject to GoI approval
 Development of Aishwariya underway; plan to commence Poly Urethane
production in H2 CY 2012, subject to JV and GoI approval Foam Insulation
Data as per 26 July, 2011 press release

10. 10
Rajasthan - Crude Marketing
Delivery through ~590 km
 World’s longest continuously heated & insulated heated pipeline
Mangala
pipeline operational from Barmer to Salaya
 Sales arrangements in place for 155,000 bopd
• With PSU & Private refineries
• Discussions continue with GoI for further nominations
Radhanpur
 Crude Pricing
• Reference to comparable low sulphur crude - Bonny Kandla Viramgam
Light
• Price represents a 10-15% discount to Brent on basis Koyali
of prices prevailing for 12 months to June 2011 Jamnagar
/ Salaya
Bhogat
 Completion of Salaya to Bhogat section of pipeline
including Bhogat terminal & marine facility scheduled
for H2 CY 2012 Tankers to Coastal Refineries
• Access to 75% of India’s refining capacity Pipeline Route
Existing Pipelines
Refinery

11. 11
Rajasthan - Future Resource And Value Potential
~6.5 Billion boe 250
Gross
Gross Initial
~2.5 Billion boe in Reserves, Resources 1
In Place 35+ prospects
Most Likely 140
and Potential 2 Risked
Volumes Prospective
Prospective
Resource
In Place
~4 Billion boe
Gas
GIIP BH
308 + Others
20 additional
discovered Oil Contingent 1 The independent estimates of Reserves
fields including STOIIP In Place
MBA and Contingent Resources recently
Barmer Hill 707 EOR carried out by D&M are
in line with the CIL estimates
R & S 12
2 Top 35 prospects audited by D&M
A 66 risked resource 178 mmbbls
2.1 Billion boe 78
R & S STOIIP B
293 151
468 M
477
MBA Fields,
Raageshwari MBA
and Saraswati 1,293 STOIIP
FDP approved
Risked
Prospects,
Barmer Hill Leads &
Contingent 2P+2C MBA EOR +Other Fields
M B A R&S Resource Concepts
mmbbls
mmbbls
Data as per 23 March, 2010 press release

12. 12
Rajasthan - Vision For Growth
Mangala
Processing Terminal
Target
• Reservoir Performance
MBA Technical and • EOR Pilot Implementation Potential
FDP Operational • BH Pilots and Development
Approved
Production
• Exploration and Appraisal
Production 240,000 bopd
Capacity
205,000 bopd
• JV Approvals
Regulatory • Additional Sales
FDP
Approved
Production
175,000 • Facilities and pipeline
bopd • EOR full field implementation
Investment • BH staged development
• Exploration

13. 13
Exploration Programme
 Major long term player  Play based approach to building portfolio
 Large proprietary database  Diversity of basin, plays and environments
 Experienced team  Ongoing regional petroleum system studies
 Successful exploration over 10  “Drill Bit exploration”: >190 exploratory
years: Success ratio ~50% /appraisal wells
RJ-ON-90/1
Assessing new plays, KG-ONN-2003/1
generate new prospects
Nagayalanka-1Z discovered;
Further Exploration &
Appraisal drilling FY 2011-12
MB-DWN-2009/1
Exploration activity I N D I A
commenced; 2D seismic
in Q1 CY 2012 RAVVA
Infill drilling in
KK-DWN-2004/1 progress
Acquired 300 km2 3D;
data processing in KG-DWN-98/2 KG-OSN-2009/3
progress 3D seismic planned
3 appraisal wells drilled by end 2011
OPERATED
NON-OPERATED SL-2007-01-001
PR-OSN-2004/1
Drilling to commence in August Under Force Majeure
2011 – 3 wells SRI LANKA

14. 14
Exploration - Sri Lanka Block (SL 2007-01-001)
 Cairn Lanka 100% Working Interest (NOC back-
i in 15%)
• Block Area: ~3,000 km2 India
• Water depth: 400 -1,900m
 Extension of proven hydrocarbon play (Cauvery
/ Mannar)
 Under explored, frontier basin with multiple
plays
SL-2007-01-001
 Exploration Program
• 5th generation drillship contracted from
Japan Drilling Company
• Drilling to commence in August 2011; 3
SRI LANKA
wells planned
50km

15. 15
Rajasthan – Capex & Funding
USD billion
Capex Gross Net Financed By
Exploration (up to 2006)* 0.61 0.57  Net Cash** 1.03
Development
 Existing debt facility** 0.68
CY 2007 0.31 0.22
CY 2008 & 2009 1.76 1.23 Total 1.70
CY2010 0.75 0.50
Total Capex up to CY 2010 3.43 2.52
Additional Sources
Estimated CY 2011 1.25 0.88
 Cash flow from producing blocks i.e.
Rajasthan, Ravva and CB
Total Actual & Estimated 4.68 3.40
*Exploration Cost: During the initial years the entire exploration costs was borne by Cairn India and hence the net number is > 70%.
** data as on 30 June, 2011

16. 16
Engaging with the Community
Strategic Intent
 Proactive engagement with stakeholders
 Demonstrate leadership in corporate citizenship
 Partnering with communities through our
principles of respect, relationship and
responsibility
Areas of Focus
 Education
 Infrastructure
 Health
 Economic
Development

17. 17
Summary
 Rajasthan
• Mangala production at its currently approved plateau of 125,000 bopd
• Delivery to domestic refiners through pipeline
• Gross field revenue in excess of USD 4 billion
• Enhanced oil recovery potential; pilot ongoing
• World class resource base – focussed on delivery & growth
• Vision to produce 240,000 bopd
• Strong economic contribution to the State of Rajasthan and Government of India
 Initiatives to slow down the rate of production decline in Ravva and CB
 Proven record of fast track, low cost development and production; Field Direct Opex – USD 2.3/bbl*
 Success through innovative application of technology
 Increasing exploration potential; enhanced resource base through NELP VIII
 Sri Lanka frontier exploration drilling campaign to commence in August 2011
* For the period FY 2010-11

18. 18
Contact Details
Investor Relations
Anurag Mantri, Group Financial Controller
Email: cilir@cairnindia.com
M: +91 – 98103 01321
Media
Manu Kapoor, Director – Corporate Affairs & Communications
Email: cilmediainfo@cairnindia.com
M: +91- 97178 90260
Address
Cairn India Ltd
4th Floor, Vipul Plaza
Sun City, Sector-54
Gurgaon 122 002, India
www.cairnindia.com