Holding Notification

Paddy Power plc
03 December 2004

Paddy Power plc

3 December 2004

Re: Holding in Company



Notification of Interest in Paddy Power Plc

Paddy Power plc has yesterday received a notification from Merrill Lynch
Investment Managers Group Ltd. dated 2 December 2004, that Merrill Lynch
Investment Managers Group Ltd. has a total notifiable interest in 2,584,915
(5.16%) Ordinary Shares in the issued shares capital of Paddy Power plc as at 1
December 2004.

Yours sincerely,

Nuala Hunt

Company Secretary


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