Holding(s) in Company

Paddy Power plc
14 November 2007

Standard Form TR-1
Voting rights attached to shares- Article 12(1) of directive 2004/109/EC
Financial instruments - Article 11(3) of the Commission Directive 2007/14/EC

1.         Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached:  Paddy Power plc

2.         Reason for the notification (please tick the appropriate box or
boxes):

(x)      an acquisition or disposal of voting rights

( )      an acquisition or disposal of financial instruments which may result in
         the acquisition of shares already issued to which voting rights are attached

( )      an event changing the breakdown of voting rights

3.         Full name of person(s) subject to the notification obligation: FMR
Corp and Fidelity International and their direct subsidiaries

4.         Full name of shareholder(s) (if different from 3.):

5.         Date of the transaction and date on which the threshold is crossed or
reached: 09 November 2007

6.         Date on which issuer notified: 13 November 2007

7.         Threshold(s) that is/are crossed or reached: 7%

8.         Notified details:
A) Voting rights attached to shares
Class/type of shares Situation previous to   Resulting situation after the triggering transaction
(if possible using   the Triggering
the ISIN CODE)       transaction
                     Number of   Number of   Number of    Number of voting     % of voting rights
                     Shares      Voting      shares       rights
                                 rights      Indirect     Direct   Indirect    Direct     Indirect
IE0002588105         3,443,650   3,443,650   3,425,350             3,425,350              6.99

SUBTOTAL A (based on 3,443,650   3,443,650   3,425,350    3,425,350            6.99
aggregate voting
rights)


B) Financial Instruments
Resulting situation after the triggering transaction
Type of financial   Expiration Date    Exercise/Conversion   Number of voting       % of voting rights
instrument                             Period/ Date          rights that may be
                                                             acquired if the
                                                             instrument is
                                                             exercised/converted


                                       SUBTOTAL B (in
                                       relation to all
                                       expiration dates)


Total (A+B)                                           number of voting rights    % of voting rights
                                                      3,425,350                  6.99



9.         Chain of controlled undertakings through which the voting rights and/
or the financial instruments are effectively held, if applicable: See attached
schedule

10.       In case of proxy voting: FMR Corp and Fidelity International Limited
will cease to hold 18,300 voting rights as of 09 November 2007.

11.       Additional information:

Done at (place) on (date).




FIDELITY

Issuer name:                                   Paddy Power plc

Current ownership percentage:                  6.99%

Total shares held:                             3,425,350

Issued voting right capital:                   48,959,994




Shares Held       Nominee                                  Management Company

 63,300           BANK OF NEW YORK BRUSSELS                    FPM
 669,058          BROWN BROTHERS HARRIMN LTD LUX               FIL
 32,120           BROWN BROTHERS HARRIMAN AND CO               FIJ
 914,200          BROWN BROTHERS HARRIMAN AND CO               FMRCO
 107,600          CITIBANK LONDON                              FPM
 662,997          JP MORGAN CHASE BANK                         FMRCO
 105,300          JP MORGAN BOURNEMOUTH                        FIL
 583,000          JP MORGAN BOURNEMOUTH                        FISL
 133,400          JP MORGAN BOURNEMOUTH                        FPM
 110,700          STATE STREET BANK AND TR CO                  FMRCO
 43,675           MORGAN STANLEY LONDON                        FIL


Fidelity International Limited (FIL) is the parent holding company for various
direct and indirect subsidiaries, including Fidelity Fund Management Limited
(FFML), Fidelity Investment Services Limited (FISL), Fidelity Gestion (FIGEST),
Fidelity Investments Advisory (Korea) Limited (FIAKL), Fidelity Investments
Management (Hong Kong) Limited (FIMHK), Fidelity Pension Management (FPM),
Fidelity Investments Japan (FIJ) and Fidelity Investments International (FII),
investment managers for various non-US investment companies and institutional
clients.



FMR Corp is the parent holding company of Fidelity Management & Research Company
(FMRCO), investment manager for US mutual funds, and Fidelity Management Trust
Company (FMTC) and Pyramis Global Advisors Trust Company (PGATC), a US state
chartered bank which acts as a trustee or investment manager of various pension
and trust accounts and Pyramis Global Advisors LLC (PGALLC).








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