A Lingus Brd to Recuse

Ryanair Holdings PLC 23 October 2006 RYANAIR CALL ON ENTIRE AER LINGUS BOARD TO RECUSE THEMSELVES Ryanair today (Monday, 23rd October 2006) called on the balance of the Aer Lingus Board to recuse themselves on the grounds that they were all appointed by the Minister for Transport. In a Stock Exchange statement issued by Aer Lingus this afternoon, two Directors Mr. Francis Hackett and Mr. Michael Johns have confirmed that they are not participating in the Board's consideration of the Offer and related matters because it would not be in the best interest of the Company and its shareholders as a whole as they were appointed by the Minister for Transport. As this is the case, the balance of the Aer Lingus Board should follow suit. The Aer Lingus Prospectus (page 181) clearly states that the entire Board were appointed by the Minister: 'As at the date of this Prospectus, the Directors of the Company have been appointed by the Minister for Transport'. The Minister for Transport has publicly stated his and the Governments opposition to the Ryanair bid. It is therefore not appropriate for his appointees to decide what is in the best interest of the Company and its shareholders, as they are also conflicted and therefore should recuse themselves. Ends. Monday, 23rd October 2006 For reference: Peter Sherrard - Ryanair Pauline McAlester - Murray Consultants Tel: +353-1-8121228 Tel: +353-1-4980300 The Directors of Ryanair accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Ryanair (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement for which they accept responsibility is in accordance with the facts and does not omit anything likely to affect the import of such information. This information is provided by RNS The company news service from the London Stock Exchange
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