Holding in Company

Paddy Power plc
27 November 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):

( )       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

(u )    an event changing the breakdown of voting rights

3.         Full name of person(s) subject to the notification obligation: FMR
LLC and Fidelity International Limited 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 November 2007

6.         Date on which issuer notified; 27 November 2007

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

8.         Notified details:


A) Voting rights attached to shares
Class/type of shares Situation previous to the       Resulting situation after the triggering transaction
(if possible using   Triggering transaction
the ISIN CODE)       Number of       Number of       Number of shares Number of voting rights    % of voting rights
                     Shares          Voting rights
                                                     Indirect         Direct    Indirect         Direct Indirect
IE0002588105         3,412,050       3,412,050       3,505,050                  3,505,050               7.15

SUBTOTAL A (based on 3,412,050       3,412,050       3,505,050        3,505,050                  7.15
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




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 LLC and Fidelity International Limited
will acquire to hold 93,000 voting rights as of 23 November 2007.

11.       Additional information:

Done at (place) on (date).




























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 LLC and Fidelity International Limited (FIL)
Contact address (registered office for legal entities)   FMR LLC - 82 Devonshire Street, Boston, MA, 02109
                                                         USA

                                                         FIL - Pembroke Hall, 42 Crow Lane, Pembroke, HM19
                                                         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 LLC 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




















Fidelity

Fidelity

Issuer name:                                 PADDY POWER PLC

Current ownership percentage:                                7.15%

Total shares held:                                       3,505,050

Issued share capital:                                   48,959,994

                                                  SHARES HELD                       NOMINEE                   MANAGEMENT
                                                                                                                COMPANY

Fidelity International Limited (FIL) is the                 63,300 BANK OF NEW YORK BRUSSELS                 FPM
parent
holding company for various direct and                     652,858 BROWN BROS HARRIMN LTD LUX                FIL
indirect
subsidiaries, including Fidelity Fund                       32,120 BROWN BROTHERS HARRIMAN AND CO            FIJ
Management
Limited (FFML), Fidelity Investment Services               996,200 BROWN BROTHERS HARRIMAN AND CO            FMRCO
Ltd
(FISL), Fidelity Gestion (FIGEST), Fidelity                107,600 CITIBANK LONDON                           FPM
Investments Advisory (Korea) Limited                       663,097 JP MORGAN CHASE BANK                      FMRCO
(FIAKL),
Fidelity Investments Management (Hong Kong)                108,100 JP MORGAN, BOURNEMOUTH                    FIL
Limited (FIMHK), Fidelity Pension Management               583,000 JP MORGAN, BOURNEMOUTH                    FISL
(FPM), Fidelity Investments Japan (FIJ) and                133,400 JP MORGAN, BOURNEMOUTH                    FPM
Fidelity
Investments International (FII), investment                121,700 STATE STREET BANK AND TR CO               FMRCO
managers
for various non-US investment companies and                 43,675 MORGAN STANLEY LONDON                     FIL
institutional clients.

FMR Corp is the parent holding company of
Fidelity
Management & Research Company (FMRCO),
investment
manager for US mutual funds, and Fidelity
Management Trust
Company (FMTC) and Pyramis Global Advisors
Trust Company
(PGATC), a US state chartered bank which
acts as a trustee
or investment manager of various pension and
trust accounts
and Pyramis Global Advisors LLC (PGALLC).






This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.










                      This information is provided by RNS
            The company news service from the London Stock Exchange