Holding in Company

Ryanair Holdings PLC
20 May 2003


Ryanair Holdings plc

20th May 2003

Re: Holding in Company


A letter from Bank of Ireland Securities Services Limited dated 20 May 2003 to
the Irish Stock Exchange, received by the Irish Stock Exchange on the 20 May
2003.

In Compliance with Section 91 of the Companies Act 1990, we hereby notify you
that, as at 19-May-2003, holdings on behalf of clients in our nominee name (Bank
of Ireland Nominees Limited), in the following listed companies on the Irish
Stock Exchange, have crossed the specified thresholds as laid out below.


Stock Name            Issued Share Current Holding  Current %Holding   Threshold 
                        Capital                                        %Crossed

Ryanair Holdings Ord  754,316.084   370,659.825          49%              50%
EURO.0127



Risk & Compliance Unit
Bank of Ireland Securities Services


This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.


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