New European Base

Ryanair Holdings PLC
31 October 2002

  RYANAIR ANNOUNCES ITS THIRD CONTINENTAL EUROPEAN BASE AND SIX INTERNATIONAL
                           ROUTES FROM MILAN BERGAMO




Ryanair, Europe's only low fares airline today confirmed that it had chosen
Milan Bergamo to be its third Continental European base.

On the 6th of February 2003, Ryanair will allocate up to four aircraft to its
new base in Milan operating over 30 flights each day on 6 international routes
to London, Frankfurt, Brussels, Hamburg, Paris and Barcelona. In addition to the
new routes, Ryanair will increase its frequency to London to up to six daily
flights, four of which will be to London Stansted and two to London Luton
Airport. This new continental base will create over 100 jobs in Milan Bergamo
with over 2 million passengers being carried through the airport in the first 12
months. These passengers will save over €200 million compared to the high fares
currently being charged by Alitalia operating from Milan Linate and Milan
Malpensa.

Ryanair also launched airfares to and from Milan at prices that have never been
seen before in the Italian market. Ryanair's lowest one-way fare will be at
least 90% cheaper than the lowest fare offered by Alitalia, the high fare
Italian airline.

New Routes from Milan Bergamo (lowest one way fares in Euro)
       Routes                         Alitalia                                Ryanair                    Saving

                            (From Milan Linate/Malpensa)                (From Milan Bergamo)

London                                  544                                     9.99                       98%
Frankfurt                               390                                     9.99                       97%
Paris                                   461                                     9.99                       98%
Brussels                                521                                    19.99                       96%
Hamburg                                 563                                    19.99                       96%
Barcelona                               465                                    29.99                       93%

Announcing details of its new Milan base today, Ryanair's Chief Executive,
Michael O'Leary said:

'Thanks to Ryanair and Milan Bergamo, the era of Alitalia's high fares dominance
in the Milan market is gone forever. For many years travellers to and from Milan
have had little choice other than to pay Alitalia's high fares, but Ryanair
brings that to an end from the 6th February 2003. Italian consumers (and
potential visitors) will now have a choice of daily scheduled flights and
guaranteed lowest airfares from Milan to London, Paris, Brussels, Hamburg,
Frankfurt and Barcelona.

Ryanair's lowest fares will only be available on Europe's largest travel website
at www.ryanair.com and we urge prospective passengers to book early as seats at
these prices will sell out quickly. The recruitment and training of our people
has already commenced for the launch of the base on the 6th of February next and
these new routes will be operated by three of Ryanair's newest aircraft the
Boeing 737-800 series which will be located at Milan Bergamo Airport.

Ryanair's new base at Milan Bergamo is a natural development. For some time now,
Ryanair has been the largest carrier between London and Italy and more recently
has expanded its Italian services by adding flights from Brussels Charleroi and
Frankfurt Hahn to various destinations in Italy. Last year, Ryanair flew over
3.5 million passengers in and out of Italy and next year we expect to carry in
excess of 5 million passengers as a result of this new base in Milan. Ryanair's
success is based on its widely available low fares, high frequency and brand new
737-800 series aircraft. We are delighted that over 45% of all the passengers on
our Italian routes are Italian originating, so Ryanair has developed a very
strong customer base in the Italian market to whom we are now offering an even
wider choice of destinations at even lower fares.

Since we established the route to London from Milan Bergamo last summer and
followed that quickly with a route to Frankfurt Hahn, we have seen our business
grow spectacularly at this airport. We have worked very successfully with the
Board and Management of Milan Bergamo to build this business and we know that
our partnership with them, together with our unique offering of widely available
low fares, will give us the firm foundation to grow this airport into one of
Ryanair's most successful European bases.'

Below are the schedules of these six exciting new routes:

Milan to London Stansted                               London Stansted to Milan

FR 4191 0700-0805 1 2 3 4 5 6 7 new                    FR 4192 0625-0925 1 2 3 4 5 6 7
FR 4193 0950-1055 1 2 3 4 5 6 7                        FR 4194 0830-1130 1 2 3 4 5 6 7 new
FR 4197 1650-1755 1 2 3 4 5 6 7                        FR 4196 1325-1625 1 2 3 4 5 6 7
FR 4199 2155-2300 1 2 3 4 5 6 7                        FR 4198 1830-2130 1 2 3 4 5 6 7

Milan to London Luton                                  London Luton to Milan

FR 4151 1055-1155 1 2 3 4 5 6 7 new                    FR 4152 1220-1520 1 2 3 4 5 6 7 new
FR 4153 1435-1535 1 2 3 4 5 6 7 new                    FR 4154 1600-1900 1 2 3 4 5 6 7 new

Milan to Paris Beauvais                                Paris Beauvais to Milan

FR 4231 1155-1325 1 2 3 4 5 6 7 new                    FR 4232 1350-1525 1 2 3 4 5 6 7 new
FR 4235 2015-2145 1 2 3 4 5 6 7 new                    FR 4236 2210-2345 1 2 3 4 5 6 7 new

Milan to Brussels Charleroi                            Brussels Charleroi to Milan

FR 4321 0650-0830 1 2 3 4 5 6 7 new                    FR 4322 0855-1030 1 2 3 4 5 6 7 new
FR 4325 1925-2105 1 2 3 4 5 6 7 new                    FR 4326 2130-2305 1 2 3 4 5 6 7 new

Milan to Gerona Barcelona                              Girona Barcelona - Milan

FR 4273 1010-1140 1 2 3 4 5 6 7 new                    FR 4274 1205-1335 1 2 3 4 5 6 7 new
FR 4275 1625-1755 1 2 3 4 5 6 7 new                    FR 4276 1820-1950 1 2 3 4 5 6 7 new

Milan to Hamburg Lubeck                                Hamburg Lubeck to Milan

FR 4391 1620-1810 1 2 3 4 5 6 7 new                    FR 4392 1835-2025 1 2 3 4 5 6 7 new

Milan to Frankfurt Hahn                                Frankfurt Hahn to Milan

FR 5201 0655-0810 1 2 3 4 5 6 7                        FR 5202 0835-0945 1 2 3 4 5 6 7
FR 5207 2050-2205 1 2 3 4 5 6 7                        FR 5208 2230-2340 1 2 3 4 5 6 7

ENDS.                                   31st October, 2002

For further information please contact:

Pauline McAlester

Murray Consultants

Tel: [phone]




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