Holding(s) in Company

Paddy Power plc
24 April 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):

     ( )      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 LLC and FIL 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:

      22 April 2008



6.   Date on which issuer notified:

      24 April 2008



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

      8%


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        3,896,513   3,896,513   3,896,513             3,936,513              7.98

SUBTOTAL A (based   3,896,513   3,896,513   3,896,513   3,936,513            7.98
on 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 FIL Limited will cease to hold
     40,000 voting rights as 22 April 2008.

11.  Additional information: None


Fidelity
                              Paddy Power PLC

Current Ownership percentage:                         8.07%

Total shares held:                                    3,936,513

Issued share capital:                                 48,775,752




                                                                                              Management
                                        Shares held      Nominee                                 Company
FIL Limited (FIL) is the                     76,800      BANK OF NEW YORK BRUSSELS                   FPM
parent holding company
for various direct and                      479,070      BROWN BROS HARRIMN LTD LUX                  FIL
indirect subsidiaries,
including Fidelity Fund                      29,320      BROWN BROTHERS HARRIMAN AND CO              FIJ
Management Limited
(FFML), Fidelity                          1,387,800      BROWN BROTHERS HARRIMAN AND                 FMRCO
Investment Services Ltd
(FISL), Fidelity Gestion                     16,150      CIBC MELLON TRUST                           FCL
(FIGEST), Fidelity
Investments Advisory                        110,200      CITIBANK LONDON                             FPM
(Korea) Limited (FIAKL),
Limited (FIMHK), Fidelity                   685,897      JP MORGAN CHASE BANK                        FMRCO
Pension Management (FPM),
Fidelity Investments                        139,400      JP MORGAN, BOURNEMOUTH                      FIL
Japan (FIJ) and Fidelity
Investments International                   583,000      JP MORGAN, BOURNEMOUTH                      FISL
(FII), investment
managers for various                         73,300      JP MORGAN, BOURNEMOUTH                      FPM
non-US investment
companies and                                57,500      MELLON BANK N.A.                            FMRCO
institutional clients.
                                            192,500      STATE STREET BANK AND TR CO                 FMRCO
FMR LLC is the parent
holding company of                           70,126      MORGAN STANLEY LONDON NATIONAL ASTL BK      FIL
Fidelity Management &                                    MELBOURNE
Research Company(FMRCO),                     35,450                                                  FIL
investment manager for US
mutual funds, and
Fidelity Management Trust
Company (FMTC) and
Pyramis Global
AdvisorsTrustCompany
(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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