Holding(s) in Company

Paddy Power plc
04 September 2003

Paddy Power plc

4 September 2003

Re: Holding in Company

Notification of Interest in Paddy Power Plc

Paddy Power plc has received a notification from Merrill Lynch Investment
Managers Ltd. dated 3rd September 2003, that Merrill Lynch Investment Managers
Ltd. has a total notifiable interest in 4,524,146 (9.46%) Ordinary Shares in the
issued shares capital of Paddy Power plc.

Yours sincerely,

Charlie Kelly

Company Secretary


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