Holding(s) in Company

Paddy Power plc
27 March 2008

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):

(X)     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

( )      an event changing the breakdown of voting rights

3.         Full name of person(s) subject to the notification obligation:

            Deutsche Bank AG

4.         Full name of shareholder(s) (if different from 3.):

            Deutsche Bank AG

            Deutsche Asset Management Investmentgesellschaft mbH

            Deutsche Investment Management Americas Inc

            DWS Investment GmbH

            DWS (Austria) Investmentgesellschaft mbH

            DWS Investment S.A., Luxembourg

            Tilney Investment Management

5.         Date of the transaction and date on which the threshold is crossed or
reached:

20 March 2008

6.         Date on which issuer notified:

26 March 2008

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

Aggregate Direct and Indirect 3%

8.         Notified details:
A) Voting rights attached to shares
Class/type of       Situation previous to   Resulting situation after the triggering transaction
shares (if possible the Triggering
using the ISIN      transaction
CODE)               Number of   Number of   Number of   Number of voting     % of voting rights
                    Shares      Voting      shares      rights
                                rights      Direct      Direct     Indirect  Direct      Indirect
IE0002588105        589,496     1,925,659   Below 3%    Below 3%             Below 3%

SUBTOTAL A (based
on aggregate voting
rights)                                                 Below 3%             Below 3%


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
                                                      Below 3%                   Below 3%



9.         Chain of controlled undertakings through which the voting rights and/
or the financial instruments are effectively held, if applicable:

10.       In case of proxy voting: (name of proxy holder) will cease to hold
(number) voting rights as (date).

11.       Additional information:

Done at (place) on (date).


                      This information is provided by RNS
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