Holding(s) in Company

Paddy Power plc
19 March 2004

Date 19th March 2004


NOTIFICATION OF INTEREST IN PADDY POWER PLC

Paddy Power plc has received a notification today from Merrill Lynch Investment
Managers Ltd. ('MLIM') dated 12th March 2004, that Merrill Lynch Investment
Managers Ltd. has a total notifiable interest in 3,918,820 (8.19%) Ordinary
shares in the issued share capital of Paddy Power plc.

Yours sincerely


Charlie Kelly

Company Secretary

END


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