Holding(s) in Company

Paddy Power plc
25 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   3,936,513             3,936,513              7.98

SUBTOTAL A (based   3,896,513   3,896,513   3,936,513   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

                                            70,126 MORGAN STANLEY LONDON NATIONAL ASTL BK      FIL
FMR LLC is the parent                              MELBOURNE
holding company of                          35,450                                             FIL
Fidelity Management &
Research Company (FMRCO),
investmentmanager for US
mutual funds, and
Fidelity Management
TrustCompany (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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