RE: Holding in Company

Paddy Power plc
12 July 2005









Irish Stock Exchange

28 Anglesea Street

Dublin 2





Date: 12-Jul- 2005



To whom it concerns



In compliance with Section 91 of the Companies Act 1990, we hereby notify you
that, as at

11-JUL-2005, 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              Current        Current       Threshold
                                                                       Share               Holding       %Holding
%Crossed
                                                                       Capital


Paddy Power Ord EUR 0.10                      50,045,581          12,533,589        25%          25%



This shareholding represents the holdings of our entire client base.



For the avoidance of doubt, Bank of Ireland Nominees Ltd holds stock on behalf
of our entire client base, which includes our 3rd party clients and our Bank of
Ireland Group clients.



If you have any queries on this matter please do not hesitate to contact Sarah
MacDonald, on 6700300.





Yours sincerely,







Compliance Dept

Bank of Ireland Securities Services











This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.










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