Holding in Company

Paddy Power plc
14 September 2004

Paddy Power plc



14 September 2004



Re: Holding in Company





Notification of Interest in Paddy Power Plc



Paddy Power plc has received a notification from Merrill Lynch Investment
Managers dated 6 September 2004, that Merrill Lynch Investment Managers on
behalf of discretionary clients has a total notifiable interest in 2,812,086
(5.62%) Ordinary Shares in the issued shares capital of Paddy Power plc.



Shares of Paddy Power plc held by discretionary clients of Merrill Lynch
Investment Managers were sold as part of the placing on 1 September 2004.



Yours sincerely,



Ross Ivers



Finance Director





This announcement has been released through the Companies Announcement Office of
the Irish Stock Exchange.


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