Directorate Change

23 March 2016

Paddy Power Betfair plcManagement Change: Andy McCue to Leave Paddy Power Betfair

Paddy Power Betfair plc today announces that following the completion of the merger in February, Chief Operating Officer, Andy McCue, is to leave the Paddy Power Betfair Group and will cease to be a Director on 30 April 2016. Andy was CEO of Paddy Power plc from January 2015 up until the completion of the merger, having joined the business in 2006.

Breon Corcoran, CEO of Paddy Power Betfair, said: "Andy has played a pivotal and hugely constructive role in the successful merger, for which I am very grateful. As CEO of Paddy Power, he led the business strongly, embedding a new growth strategy which delivered record revenues and profits. His contribution to Paddy Power in a variety of roles, but particularly as CEO, was immense. I wish him every success in his future career."

Andy McCue said: "I leave Paddy Power Betfair following the completion of the merger and in the knowledge that this combination will be greater than the sum of its parts. I have thoroughly enjoyed leading and working closely with a great team of people who have created a dynamic and successful business. I feel now is the right time to pursue new opportunities and, in doing so, wish everyone in Paddy Power Betfair the very best for the future."

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