Holding in Company

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 (IE0002588105)

2. Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

ü

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

UBS Investment Bank

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

UBS AG London Branch

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

20 December 2012

6. Date on which issuer notified:

24 December 2012

7. Threshold(s) that is/are crossed or reached:

Below Notifiable Threshold

8. Notified details:

A) Voting rights attached to shares

Class/type ofshares (if possible usingthe ISIN CODE)

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Indirect

Direct

Indirect

Direct

Indirect

IE0002588105

2,933,177

2,933,177

Below Notifiable Threshold

Below Notifiable Threshold

Below Notifiable Threshold

Below Notifiable Threshold

Below Notifiable Threshold

SUBTOTAL A (based on aggregate voting rights)

-

-

Below Notifiable Threshold

Below Notifiable Threshold

Below Notifiable Threshold

B) Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

-

-

-

-

-

Total (A+B)

Number of voting rights

Percentage of voting rights

Below Notifiable Threshold

Below Notifiable Threshold

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: n/a

10. In case of proxy voting: n/a

11. Additional information: Done at Zurich on 24 December 2012

12. Contact name:

Nemanja Pantic (Associate Director)

Konstantina Geoigaki (Authorized Officer)