Directorate Change

Paddy Power plc 01 March 2006 Paddy Power plc Appoints Finance Director Paddy Power plc today (1 March 2006) announces the appointment of Jack Massey as its new Finance Director. Mr Massey (37) joins Paddy Power from ITG Europe, the European division of the NYSE quoted Investment Technology Group Inc., where he has been Chief Operating Officer since 2002. He will join Paddy Power in April and be co-opted to the Board on his arrival. A Fellow of the Institute of Chartered Accountants in Ireland, Jack Massey was educated at University College Dublin (B.Comm, D.P.A.). He has worked with Arthur Andersen as Manager - Audit and Business Advisory Division and with Ulster Bank Markets as Head of Financial and Management Reporting. He joined ITG Europe in 1998 as Finance Director. Commenting on the appointment, Paddy Power Chief Executive, Patrick Kennedy said: 'We are delighted to have secured Jack as our new Finance Director, particularly given his very relevant experience encompassing finance, technology, strategy and business leadership and the investment markets. He also has qualities and interests on which we place particular emphasis in Paddy Power including great people skills and a love of all things sporting.' Ends 1 March 2006 Issued on behalf of Paddy Power by Drury Communications Ltd For reference, contact: Patrick Kennedy Paddy Power plc Tel: +353 1 404 5912 Oonagh Daly Trevor Phillips Drury Communications Holborn PR Tel: +353 1 260 5000 Tel: +44 207 929 55 99 This information is provided by RNS The company news service from the London Stock Exchange
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