Notification of Holdings

Paddy Power plc
31 October 2003

Date 31th October 2003

NOTIFICATION OF INTEREST IN PADDY POWER PLC

Paddy Power plc has received a notification today from Merrill Lynch Investment
Managers Ltd. ('MLIM') dated 30th October 2003, that Merrill Lynch Investment
Managers Ltd. has a total notifiable interest in 4,317,530 (9.03%) Ordinary
shares in the issued share capital of Paddy Power plc.


Yours sincerely

Charlie Kelly

Company Secretary

END






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