Cairn Homes Regulatory News (CRN)

Cairn Homes plc

("Cairn" or the "Company")

Issue of Equity for Vesting of Restricted Share Units under the Cairn Homes plc Restricted Share Unit Plan

Dublin/London, 4 May 2021: Cairn Homes plc, the leading Irish homebuilding company, announces that the Company has applied for a block listing of 1,657,361 new ordinary shares of €0.001 each in the Company (the "Ordinary Shares") pursuant to the vesting of restricted share units by a number of employees under the Cairn Homes plc Restricted Share Unit Plan.

Application has been made for the new Ordinary Shares to be admitted to trading on the Official List of Euronext Dublin and to the Official List of the UK Listing Authority and it is expected that admission will take place on 7 May 2021. The new Ordinary Shares will rank pari passu with the existing shares of the Company. Following this admission, the total issued share capital of the Company will increase to 751,107,490 ordinary shares.

-ENDS-

For further information, contact:

Cairn Homes plc +353 1 696 4600

Tara Grimley, Company Secretary

Notes to Editors

Cairn Homes plc ("Cairn") is the leading Irish homebuilder committed to building high-quality, competitively-priced, sustainable new homes in great locations. At Cairn, the homeowner is at the very centre of the design process and we strive to provide an unparalleled customer service throughout each stage of the home-buying journey. A new Cairn home is thoughtfully designed and built to last with a focus on creating shared spaces and environments where communities prosper. Cairn owns a c. 16,800 unit land bank across 36 residential development sites, over 90% of which are located in the Greater Dublin Area ("GDA") with excellent public transport and infrastructure links.