Buzz Announcement

Ryanair Holdings PLC
31 March 2003


                   RYANAIR UPDATES MARKET ON BUZZ ACQUISITION


Ryanair, Europe's No.1 low fares airline today (Monday, 31st March 2003) updated
the market on the progress of the acquisition of Buzz from KLM. The due
diligence process has now been completed and the final legal documentation is
being finalised, however the transaction will not proceed on 1 April 2003 as
originally scheduled, because the acquisition has not yet received clearance
from the Office of Fair Trading in the UK.

Both Ryanair and KLM have been in regular correspondence with the OFT, and both
companies are seeking urgent approval so that the transaction may complete as
soon as possible in order to save the core operation of Buzz and preserve up to
130 jobs at a time of crisis in the aviation industry. Approval will also allow
crew training to commence in advance of operations on 1 May next.

Ryanair and KLM have received enormous assistance from the OFT to date, and
neither party envisages any difficulties in obtaining the necessary clearance in
due course. However since the transaction is subject to regulatory approval, it
cannot complete until such clearances have been received. Details on the final
purchase agreement will not be available until post OFT approval.



Ends.                    Monday, 31st March 2003

For further information

please contact:          Paul Fitzsimmons          Pauline McAlester

                         Ryanair                   Murray Consultants

                         Tel. [phone]       Tel. [phone]



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