Holding in Company

Ryanair Holdings PLC
31 January 2008

Standard Form TR-1

for filing purposes only in accordance with Regulation 22 of the Transparency
(Directive 2004/109/EC) Regulations 2007

Voting rights attached to shares- Article 12(1) of directive 2004/109/EC
Financial instruments - Article 11(3) of the Commission Directive 2007/14/EC

1.         Identity of the issuer or the underlying issuer of existing shares to
which voting rights are attached:

            Ryanair Holdings Plc

2.         Reason for the notification (please tick the appropriate box or
boxes):

(X)     an acquisition or disposal of voting rights

( )      an acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are attached

( )      an event changing the breakdown of voting rights

3.         Full name of person(s) subject to the notification obligation:

            Deutsche Bank AG

4.         Full name of shareholder(s) (if different from 3.):

Deutsche Bank AG

Abbey Life Assurance Company Limited

Deutsche Asset Management Investmentgesellschaft mbH

Deutsche Asset Management (Japan) Limited

Deutsche Investment Management Americas Inc

Tilney Investment Management

5.         Date of the transaction and date on which the threshold is crossed or
reached:

            28/1/2008

6.         Date on which issuer notified;

            30/1/2008

7.         Threshold(s) that is/are crossed or reached:

            7%







8.         Notified details:
A) Voting rights attached to shares
Class/type of      Situation previous to the Resulting situation after the triggering transaction
shares (if         Triggering transaction
possible using the Number of   Number of     Number of    Number of voting rights % of voting rights
ISIN CODE)         Shares      Voting rights shares
                                             Direct       Direct      Indirect    Direct    Indirect


IE00B1GKF381       99,360,941  106,179,026   98,864,141   98,864,141  4,243,085   6.64      0.28



SUBTOTAL A (based
on aggregate
voting rights)                                            103,107,226             6.92%


B) Financial Instruments
Resulting situation after the triggering transaction
Type of financial   Expiration Date    Exercise/Conversion   Number of voting       % of voting rights
instrument                             Period/ Date          rights that may be
                                                             acquired if the
                                                             instrument is
                                                             exercised/converted


                                       SUBTOTAL B (in
                                       relation to all
                                       expiration dates)


Total (A+B)                                           number of voting rights    % of voting rights


103,107,226                                           103,107,226                6.92%



9.         Chain of controlled undertakings through which the voting rights and/
or the financial instruments are effectively held, if applicable:

10.       In case of proxy voting: (name of the proxy holder) will cease to hold
(number) voting rights as of (date).

11.       Additional information:

Done at (place) on (date).

Annex to the standard form TR-1



a)         Identity of the person or legal entity subject to the notification
obligation:
Full name (including legal form for legal entities)

                                                         Deutsche Bank AG
Contact address (registered office for legal entities)

                                                         Winchester House

                                                         1 Great Winchester Street

                                                         London

                                                         EC2N 2DB
Phone number

                                                         [phone]
Other useful information (at least legal representative
for legal persons)
                                                         Andy Harris

b)         Identity of the notifier, if applicable:
Full name                                      .....................................................................
Contact address                                .....................................................................

                                               .....................................................................
Phone number                                   .....................................................................
Other useful information (e.g. functional
relationship with the person or legal entity
subject to the notification obligation)

c)         Additional information





This announcement has been issued through the Companies Announcement Service of

                           The Irish Stock Exchange.


























Notes to Form TR-1




                      This information is provided by RNS
            The company news service from the London Stock Exchange