Press Release 18 Jun 2014 This will bring PayPal’s total Irish workforce to 2,900 by 2018. PayPal will employ 1,400 in Dundalk (DUBLIN, IRELAND) –PayPal and An Taoiseach, Enda Kenny TD, today announced the creation of another 400 jobs. These jobs will be based at the eBay Inc. European Operations Centre in Dundalk and are in addition to the 1,000 PayPal positions announced in 2012. This will bring the combined PayPal and eBay employee numbers in Dundalk to 1,850 by 2018. The investment is supported by the Department of Jobs, Enterprise and Innovation through IDA Ireland. PayPal is a world leader in online and mobile payments, making it easier, more secure and more intuitive for people to pay – wherever and whenever they want. Its centres in Dublin and Dundalk manage 60 million active accounts in Europe, the Middle East and Africa. PayPal is seeking to fill roles in the areas of customer solutions, risk operations, merchant services, telesales and operational excellence. These roles are primarily English speaking and PayPal also has a number of other language opportunities. People interested in a career with PayPal should apply at www.paypaljobsireland.com. The 400 jobs announced today will be filled by 2018, bringing PayPal’s total Irish workforce to 2,900. PayPal’s growth in Ireland is being fuelled by the increasing number of businesses and consumers who choose PayPal to trade and shop online. Six million of its 148 million active accounts globally were added in the first three months of 2014 alone.Louise Phelan, Vice President of Global Operations for Europe, Middle East and Africa for PayPal said: “This is great news for Dundalk and the North East region. Dundalk is a very important site in our global operations for supporting our customers. We are already ahead of schedule in recruiting our first 1,000 teammates, thanks to our continued expansion, together with the high-calibre people we have already employed. “PayPal is an exciting and dynamic place to work, where talented people can build lasting careers. We are transforming the payments world by creating new, faster and more secure ways for people and businesses to pay and get paid online, on mobile and increasingly in-store. Our new teammates will be shaping the future of commerce. “We have been delighted to be able to make a very positive impact on the lives of so many people in the area, both through our community activities and by virtue of the jobs we create, which have taken so many unemployed people off the local live register. In addition, we know that almost 1,000 indirect ‘spin-off’ jobs in other local businesses will be created as a result of PayPal’s investment in Dundalk.”An Taoiseach Enda Kenny TD said: "I am delighted to welcome 400 new jobs at PayPal in Dundalk. During my recent visit to Silicon Valley, I had the opportunity to meet with the CEO of eBay Inc to discuss their ongoing investments and to offer the Government's support for increased expansion into Ireland. The Government was delighted to support the creation of 400 new jobs in Dundalk which will provide new opportunities for people right across the North East. This PayPal announcement further enhances Ireland's reputation as a prime location for global businesses and is a tribute to our talented and flexible workforce."The Minister for Jobs, Enterprise and Innovation Richard Bruton TD said: “Creating jobs across the regions is a key focus in the Action Plan for Jobs, and it is very encouraging to see that in 2013 every region of the country experienced jobs growth. Today’s announcement by PayPal, one of the biggest companies on the internet, that it is creating an additional 400 jobs in its operations in Dundalk is a huge boost for a part of the country that has experienced major employment challenges in recent decades. Louise Phelan and PayPal Ireland are a standout example of a phenomenon we are seeing more and more of in recent years – an Irish operation within a multinational, under strong leadership, becoming more strategically important within global operations and winning new investment and jobs for Ireland. Through the Action Plan for Jobs and with IDA Ireland we will continue to support this trend to win new jobs for Ireland.”Barry O’Leary, Chief Executive Officer, IDA Ireland said: “PayPal’s growth in Dublin and Dundalk is one of the largest projects the IDA has ever been involved in bringing to Ireland. PayPal have found an ideal combination of talent, great infrastructure and suitable property in Dundalk. The success of this company is an example that we as IDA executives bring around the world when we pitch for Ireland in boardrooms from Boston to Bombay. Behind all projects of this size, lies a strong leadership team that has bought into the idea of doing business in Ireland – I would like to pay tribute to all those in PayPal, especially Louise Phelan, for her continued ability to pitch Ireland’s strengths wherever she goes.” Notes to editor: (1) When PayPal reaches its target 1,400 employees in Dundalk, an additional 994 indirect ‘spin-off’ jobs will be created. This is calculated based on the Indecon Research report (2012) - “Assessment of the Impact of the Fiscal Treaty on the Irish Economy” – which shows that every direct job in an IDA-assisted manufacturing and internationally-traded services company, leads to the creation of an additional 0.71 indirect jobs in the economy. http://www.indecon.ie/download/pdf/assessment_of_the_impact_of_the_fiscal_treaty_on_the_irish_economy.pdf (2) PayPal’s European operations centre opened in Dublin in 2003. Since then, the total number of employees in Ireland has increased from 25 to 2,169 today. In 2009, PayPal invested €15 million in the establishment of a European Centre of Excellence in Blanchardstown, and in 2012, PayPal announced the first 1,000 jobs at its European Operations Centre in Dundalk, both with the aid of IDA Ireland. (3) eBay Inc. has three sites in Ireland, including two PayPal facilities.About PayPal At PayPal, we put people at the centre of everything we do. Founded in 1998, we continue to be at the forefront of the digital payments revolution, giving people direct control over their money. Through our innovations, we make life better for our over 148 million active accounts in 26 currencies and across 203 markets, processing more than 9 million payments daily. An eBay Inc. (NASDAQ: EBAY) company, PayPal is the faster, safer way to pay and get paid. The service gives people simpler ways to send money without sharing financial information, and with the flexibility to pay using their account balances, bank accounts or credit cards.Visit www.paypal-media.com for more information and follow us on Twitter, Facebook, YouTube, LinkedIn and our PayPal-Forward blog.