Holding(s) in Company

RNS Number : 5932O

Paddy Power plc

07 August 2014

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):

[ü] 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:

Parvus Asset Management (UK) LLP

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

The Gallinule Fund

The Caeruleus Fund

The PAM 1740 Fund

The Parvus Armadillo Fund

Vittoria Fund-P, L.P.

The Orange Partners Fund

The Packpar Fund

The Parvatrium Partners Fund

Parvus European Opportunities Master Fund

Parvus European Absolute Opportunities Master Fund

5. Date of the transaction and date on which the threshold is crossed or reached: 05.Aug.2014

6. Date on which issuer notified; 07.Aug.2014

7. Threshold(s) that is/are crossed or reached: Going above 8%

8. Notified details:

A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN CODE)	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
IE0002588105	Below 3%	Below 3%	4,085,865	4,085,865		8.28%
SUBTOTAL A (based on aggregate voting rights)	Below 3%	Below 3%	4,085,865	4,085,865		8.28%

B) Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration Date	Exercise/Conversion Period/ Date	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
-	-	-	-	-

		SUBTOTAL B (in relation to all expiration dates)	-	-

Total (A+B)	number of voting rights	% of voting rights
4,085,865	4,085,865	8.28%

9. Chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held, if applicable:

Parvus Asset Management (UK) LLP has been appointed as Investment Manager to The Gallinule Fund, The Caeruleus Fund, The PAM 1740 Fund, The Parvus Armadillo Fund, The Packpar Fund, Parvus European Opportunities Master Fund, Parvus European Absolute Opportunities Master Fund, The Orange Partners Fund, The Parvatrium Partners Fund and The Vittoria Fund - P, L.P. Under the terms of the various investment management agreements, Parvus Asset Management (UK) LLP holds the power to vote any physical shareholdings held by these clients.

10. In case of proxy voting: N/A

11. Additional information: N/A

Done at London on 07.08.2014

Angus Milne