Director Shareholding

Paddy Power plc
31 July 2002

Paddy Power plc

31 July 2002

Director Declaration

The following sales were undertaken by Directors of Paddy Power plc today:


                                       Shares sold  Beneficial holding Post sale       % of issued share capital

Peter O'Grady Walshe                       130,000                       498,657                           1.06%

Edward McDaid                               20,000                        34,613                           0.07%


The ordinary shares were sold at EUR5.00 per share.


Peter O'Grady Walshe's beneficial shareholding includes 480,248 shares held by
his spouse. In addition, Peter O'Grady Walshe is a trustee of a discretionary
trust, which is the beneficial owner of 107,200 shares. He has a non-beneficial
interest in those shares.


A charitable trust, of which Stewart Kenny is a trustee, has also sold 420,000
shares at EUR5.00 per share. Stewart Kenny is Chairman of Paddy Power plc. He
has no beneficial interest in the charitable trust.


End.


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