Business Update

easyJet PLC
04 August 2006

4th August 2006


                    EASYJET EVALUATES FRANCHISE OPPORTUNITY

easyJet announces today that it is evaluating an opportunity to franchise its
brand following a recent joint approach by Jeddah based National Air Services
(NAS) and Dubai based Abraaj Capital, a major private equity firm in the Middle
East, to use the easyJet name in the Arabian Gulf. NAS is applying for a licence
to operate domestic flights initially in the Kingdom of Saudi Arabia and at a
later date other flights within the Arabian Gulf - a region with minimal
low-cost airline penetration.

The decision on whether to progress with this opportunity, which will not
involve easyJet investing any equity or cash, will be made in conjunction with
NAS and will depend on the progress of its application for a licence, the
completion of an agreement in a form satisfactory to the Board of easyJet, and
the delivery of significant shareholder value. Since it is expected that this
will take the remainder of 2006, a decision in relation to this opportunity is
unlikely before early 2007.

                                      END

For further details please contact:

easyJet plc

Financial:
Julia Collins, Investor Relations                  [phone]
Andrew Barker, Investor Relations                  [phone]

Press:
Toby Nicol, Corporate Communications               [phone]








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