RNS Number : 4678H

Paddy Power Betfair plc

07 June 2017

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: Royal Bank of Canada (RBC)		City and country of registered office (if applicable): Montreal, Canada
4. Full name of shareholder(s) (if different from 3.)v: RBC holds the Paddy Power Betfair plc common stock through the following subsidiaries: RBC GLOBAL ASSET MANAGEMENT INC. RBC INVESTMENT SOLUTIONS (CI) LIMITED RBC PHILLIPS HAGER & NORTH INVESTMENT COUNSEL INC. RBC DOMINION SECURITIES INC. ROYAL BANK OF CANADA INVESTMENT MANAGEMENT (USA) LIMITED ROYAL BANK OF CANADA INVESTMENT MANAGEMENT (U.K.) LIMITED RBC PRIVATE COUNSEL (USA) INC. ROYAL TRUST CORPORATION OF CANADA
5. Date on which the threshold was crossed or reachedvi: May 26, 2017
6. Date on which issuer notified: May 30, 2017 is the date on which the person became aware of the passing of the threshold in 7.
7. Threshold(s) that is/are crossed or reached: Going above 3% in voting rights.
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	2.9958%	0.0165%	3.0123%	84,199,867
Position of previous notification (if applicable)

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	N/A			2,522,473				2.9958%
SUBTOTAL A				2,522,473				2.9958%
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
American Deposit Receipts		N/A	N/A			13,869			0.0165%
			SUBTOTAL B.1			13,869			0.0165%
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
ROYAL BANK OF CANADA (RBC) [Note: RBC does not itself own 3.0131% of shares - 3.0131% is the aggregate holdings of the subsidiaries outlined below.]	3.0123% [sum total; indirect]		3.0123% [sum total; indirect]
RBC GLOBAL ASSET MANAGEMENT INC.	2.9353%
RBC INVESTMENT SOLUTIONS (CI) LIMITED	0.0273%
RBC PHILLIPS HAGER & NORTH INVESTMENT COUNSEL INC.	0.0172%
RBC DOMINION SECURITIES INC.	0.0154%
ROYAL BANK OF CANADA INVESTMENT MANAGEMENT (USA) LIMITED	0.0072%
ROYAL BANK OF CANADA INVESTMENT MANAGEMENT (U.K.) LIMITED	0.0059%
RBC PRIVATE COUNSEL (USA) INC.	0.0039%
ROYAL TRUST CORPORATION OF CANADA	0.0001%
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 Toronto, Ontario, Canada on May 30, 2017.

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