Holding(s) in Company

Paddy Power plc
20 October 2003


Date 20th October 2003


NOTIFICATION OF INTEREST IN PADDY POWER PLC

Paddy Power plc has received a notification today from Merrill Lynch Investment
Managers Ltd. ('MLIM') dated 16th October 2003, that Merrill Lynch Investment
Managers Ltd. has a total notifiable interest in 3,997,822 (8.36%) Ordinary
shares in the issued share capital of Paddy Power plc.

Yours sincerely

Charlie Kelly

Company Secretary

END




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