Holding(s) in Company

Paddy Power plc
28 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

(x)      an event changing the breakdown of voting rights

3.         Full name of person(s) subject to the notification obligation: FMR
Corp and Fidelity International 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   Resulting situation after the triggering transaction
(if possible using   the Triggering
the ISIN CODE)       transaction
                     Number of   Number of   Number of    Number of voting     % of voting rights
                     Shares      Voting      shares       rights
                                 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
                                                      3,505,050                  7.15



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

11.       Additional information:

Done at (place) on (date).




FIDELITY

Issuer name:                      Paddy Power plc

Current ownership percentage:     7.15%

Total shares held:                3,505,050

Issued voting right capital:      48,959,994


Shares Held                        Nominee                                                      Management Company

63,300                            BANK OF NEW YORK BRUSSELS                                     FPM
652,858                           BROWN BROTHERS HARRIMN LTD LUX                                FIL
32,120                            BROWN BROTHERS HARRIMAN AND CO                                FIJ
996,200                           BROWN BROTHERS HARRIMAN AND CO                                FMRCO
107,600                           CITIBANK LONDON                                               FPM
663,097                           JP MORGAN CHASE BANK                                          FMRCO
108,100                           JP MORGAN BOURNEMOUTH                                         FIL
583,000                           JP MORGAN BOURNEMOUTH                                         FISL
133,400                           JP MORGAN BOURNEMOUTH                                         FPM
121,700                           STATE STREET BANK AND TR CO                                   FMRCO
43,675                            MORGAN STANLEY LONDON                                         FIL


Fidelity International Limited (FIL) is the
parent holding company for various direct and
indirect subsidiaries, including Fidelity Fund
Management Limited (FFML), Fidelity Investment
Services Limited (FISL), Fidelity Gestion (FIGEST),
Fidelity Investments Advisory (Korea) Limited
(FIAKL), Fidelity Investments Management
(Hong Kong) Limited (FIMHK), Fidelity
Pension Management (FPM), Fidelity
Investments Japan (FIJ) and Fidelity
Investments International (FII),
investment managers for various non-US
investment companies and 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).








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