Statement re $75m Tiger Woods Sponsorship Rejected

PADDY POWER plc $75m Tiger Woods Sponsorship Rejected

(05 March 2010) Following recent international media coverage of Paddy Power's negotiations with IMG to sponsor Tiger Woods, the company confirms that its initial offer covering a five year period for a total potential sponsorship of $75 million has been rejected by IMG. Paddy Power remains keen to work with Tiger Woods, and will re-engage with IMG. An enhanced offer will be made, the details of which will remain confidential. Ends For reference:

Ken Robertson Paddy Power Media & PR Manager Head of Communications Paddy Power plc Paddy Power plc T:++353 1 4045915 T: ++ 353 1 4049620 M:++353 87 8528718 M:++ 353 87 8250893