Holding(s) in Company

Paddy Power plc
28 April 2008

                             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:

      Nordea Investment Funds S.A. Luxembourg

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

      Nordea 1 Sicav European Value Fund

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

      25 April 2008

6.    Date on which issuer notified:

      28 April 2008

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

4%

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

                     No transaction
                     Number of   Number of   Number of    Number of voting     % of voting rights
                     Shares      Voting      shares       rights
                                 rights      Direct       Direct    Indirect   Direct     Indirect

IE0002588105         1,960,000   1,960,000   1,915,467    1,915,467            3.93%

SUBTOTAL A (based on 1,960,000   1,960,000   1,915,467    1,915,467            3.93%
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        nil                    nil
                                       relation to all
                                       expiration dates)


Total (A+B)                                           number of voting rights    % of voting rights
1,915,467                                             1,915,467                  3.93%



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

10.   In case of proxy voting: (name of proxy holder) will cease to hold
      (number) voting rights as (date).

11.   Additional information:

      Done at (place) on (date).


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