Re: Holding in Company

Paddy Power plc
19 November 2002

Paddy Power plc



19-Nov-2002

Re: Holding in Company

A letter from Bank of Ireland Securities Services Limited dated 19 November 2002
to the Irish Stock Exchange, received by the Irish Stock Exchange on the19
November 2002.

In Compliance with Section 91 of the Companies Act 1990, we hereby notify you
that, as at 18-Nov-2002, holdings on behalf of clients in our nominee name (Bank
of Ireland Nominees Limited), in the following listed companies on the Irish
Stock Exchange, have crossed the specified thresholds as laid out below.


Stock Name                Issued Share     Current Holding      Current %Holding     Threshold %Crossed
                          Capital

Paddy Power plc           47,144,120       12,016,386           25%                  25%
Ord EURO.10




Risk & Compliance Unit
Bank of Ireland Securities Services



This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.






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