| NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i | 
|   | 
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:  Cairn Homes PLC | 
| 2. Reason for the notification (please tick the appropriate box or boxes): [x ] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:   | 
| 3. Details of person subject to the notification obligationiv :  | 
| Name: Drumcliffe Fund 1 | City and country of registered office (if applicable): Dublin, Ireland | 
| 4. Full name of shareholder(s) (if different from 3.)v:   | 
| 5. Date on which the threshold was crossed or reachedvi: 27 November 2024 | 
| 6. Date on which issuer notified: 27 November 2024 | 
| 7. Threshold(s) that is/are crossed or reached: 3.00% | 
| 8. Total positions of person(s) subject to the notification obligation: | 
|   | % of voting rights attached to shares (total of 9.A) | % of voting rights through financial instruments (total of 9.B.1 + 9.B.2)
 | Total of both in % (9.A + 9.B) | Total number of voting rights of issuervii | 
| Resulting situation on the date on which threshold was crossed or reached | 3.00% | 0.00% | 3.00% | 624,093,041 | 
| Position of previous notification (if applicable) |   |   |   |   | 
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