RNS Number : 2299S

Paddy Power Betfair plc

19 December 2016

Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Paddy Power Betfair plc
2. Reason for the notification (please tick the appropriate box or boxes): [X] An acquisition or disposal of voting rights [ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:
3. Details of person subject to the notification obligationiv :
Name: Massachusetts Financial Services Company (whose trading name is MFS Investment Management)		City and country of registered office (if applicable): Boston, USA
4. Full name of shareholder(s) (if different from 3.)v: Refer to Schedule A
5. Date on which the threshold was crossed or reachedvi: 15 December 2016
6. Date on which issuer notified: 16 December 2016
7. Threshold(s) that is/are crossed or reached: 8%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)	% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	8.47		8.47	7,114,580
Position of previous notification (if applicable)	7.97		7.97

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix					% of voting rights
	Direct			Indirect		Direct		Indirect
IE00BWT6H894				7,114,580				8.47
SUBTOTAL A
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL B.1
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii		Number of voting rights		% of voting rights
					SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box): [ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii [X] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
MFS Investment Management Canada Ltd	0.0959%		0.0959%
MFS Investment Management*	4.9651%		4.9651%
MFS Heritage Trust Company	0.3221%		0.3221%
MFS Institutional Advisors, Inc.	0.9388%		0.9388%
MFS International (U.K.) Ltd.	1.9313%		1.9313%
MFS Investment Management K.K.	0.0867%		0.0867%
MFS International Singapore Pte. Ltd	0.1320%		0.1320%
* Please note that MFS Investment Management is the parent holding company for various direct and indirect subsidiaries, including MFS Investment Management Canada Ltd., MFS Heritage Trust Company, MFS Institutional Advisors, Inc., MFS International (U.K.) Ltd., MFS Investment Management K.K., and MFS International Singapore Pte., Ltd., investment managers for various pooled products and institutional clients.
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
12. Additional informationxvi:

Done at Boston, USA on 16 December 2016.

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