Holding(s) in Company

Paddy Power plc
29 August 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: 23 August 2007

6.         Date on which issuer notified: 28 August 2007

7.         Threshold(s) that is/are crossed or reached: 8%

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         3,935,704   3,935,704   3,785,704             3,785,704              7.69


SUBTOTAL A (based on 3,935,704   3,935,704   3,785,704          3,785,704            7.69
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

                                                      3,785,704                  7.69



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 150,000 voting rights as of 23 August 2007.

11.       Additional information:





Annex to the standard form TR-1

a)         Identity of the person or legal entity subject to the notification
obligation:
Full name (including legal form for legal entities)      FMR Corp and Fidelity International Limited (FIL).
Contact address (registered office for legal entities)   FMR Corp.- 82 Devonshire Street, Boston, MA, 02109
                                                         USA

                                                         FIL - Pembroke Hall, 42 Crow Lane, Pembroke, HM
                                                         19, Bermuda...........
Phone number                                             44 (0) 1737 836 713................
Other useful information (at least legal representative  Company Secretary.........................
for legal persons)

b)         Identity of the notifier, if applicable:
Full name                                                FMR Corp and Fidelity International Limited (FIL).
Contact address                                          Windmill Court XTW2B, Millfield Lane, Lower
                                                         Kingswood, Tadworth, Surrey KT20 6RB
Phone number                                             44 (0) 1737 836 713
Other useful information (e.g. functional relationship   Authorised to make this filing under power of
with the person or legal entity subject to the           attorney
notification obligation)

c)         Additional information


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