Transaction in Own Shares

Paddy Power plc
31 May 2007


31 May, 2007


                               Paddy Power plc
                         Purchase of Own Securities


Paddy Power plc announces today that it has purchased for cancellation 450,000
Ordinary Shares in the capital of the Company.

The highest price paid for these Ordinary Shares was €22.35 per share and the
lowest price paid was €22.25 per share.

Following the cancellation of these shares, the Company will have 49,882,437
Ordinary Shares in issue.

Contact:


David Johnston
Company Secretary
Paddy Power plc
[phone]





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