Cairn Homes Plc: Holding(s) in Company

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 (ISIN IE00BWY4ZF18, SEDOL: BWY4ZF1)

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:  PM Capital Limited (ABN 69 083 644 731, AFSL No. 230222)

City and country of registered office (if applicable):

Sydney, Australia

4. Full name of shareholder(s) (if different from 3.)v:

Custodial Accounts:

• Morgan Stanley International plc
• J.P. Morgan Chase Bank N.A., Sydney Branch
• Citibank NA
• Goldman Sachs International (London)

5. Date on which the threshold was crossed or reachedvi:  22 February 2024

6. Date on which issuer notified:  23 February 2024

7. Threshold(s) that is/are crossed or reached:  3%

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

2.943%

2.943%

649,241,000

Position of previous notification (if applicable)

3.0466%

3.0466%

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X] Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

PM Capital Limited as trustee for

PM Capital Global Companies Fund (LEI: 549300G9AAH2W5NCIP82)

0.901%

0.901%

PM Capital Enhanced Yield Fund (LEI: 549300HZRCOLTKE3LT85)

0.124%

0.124%

PM Capital Long Term Investment Fund (LEI (54930059B7OMDRH08D22)

0.342%

0.342%

PM Capital Global Long Fund (LEI: 549300JRD4CV9FOK2S31)

0.008%

0.008%

PM Capital Limited as investment manager for

PM Capital Global Opportunities Fund Ltd (LEI: 5493002RXP07KPHL2B32)

1.299%

1.299%

Colonial First State Investments Ltd (ACN 002 348 352) as trustee for Commonwealth Specialist Fund 11 (LEI: 5493005W2U5Q75KEGB51)

0.206%

0.206%

Colonial First State Investments Ltd (ACN 002 348 352) as trustee for Commonwealth Fixed Interest Fund 11 (LEI: 549300J04EXUIXPVSV26)

0.063%

0.063%

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

N/A

12. Additional informationxvi: