Re: Holding in Company

Paddy Power plc
17 September 2004

Paddy Power plc



17 September 2004



Re: Holding in Company





A letter from Bank of Ireland Securities Services Limited dated 17 September
2004 to the Irish Stock Exchange, received by the Irish Stock Exchange on the17
September 2004.



In Compliance with Section 91 of the Companies Act 1990, we hereby notify you
that, as at 16-SEP-2004, holdings on behalf of clients in our nominee name (Bank
of Ireland Nominees Limited), in the following listed companies on the Irish
Stock Exchange, have crossed the specified thresholds as laid out below.


Stock Name                Issued Share     Current Holding      Current %Holding     Threshold %Crossed
                          Capital
Paddy Power plc           47,931,734       11,997,182           25%                  25%

Ord EURO.10







Risk & Compliance Unit

Bank of Ireland Securities Services



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.






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