Rule 8.1- Ryanair Holdings

Ryanair Holdings PLC
05 December 2006



                                                                    FORM 8.1/8.3


                              IRISH TAKEOVER PANEL


 Lodge with the Irish Stock Exchange (Company Announcements Office) (which will
                                 publicise) and

the Panel. Use separate form for each class of securities in which dealings have
                                   been made.

Date of Disclosure: 05.12.06


DISCLOSURE UNDER RULE 8.1(a), 8.1(b)(I) and 8.3 OF THE IRISH TAKEOVER PANEL ACT
                          1997, (TAKEOVER) RULES, 1997

Date of Dealing: 01.12.06


Dealing in

(1) Class of Securities (e.g. ordinary shares) Ordinary Shares in Ryanair
Holdings plc


(2)

Amount bought          Amount sold            Price per unit

N/A                    2,500,000              €9.70


(3) Resultant total of the same class owned or controlled (and percentage of
class)

3,258,535 or 0.46%


(4) Party making disclosure T. Anthony Ryan


(5) EITHER (a) Name of purchaser/vendor - T. Anthony Ryan

OR (b) If dealing for discretionary client(s), name of fund management

Organisation


(6) Reason for disclosure

(a) (I) offeror or associate of offeror YES (delete as approp)

(II) offeree or associate of offeree N (delete as approp)

Specify which category or categories of associate ((a) to (l) page 3/4)

If category (l) explain Category (f)- director of offeror

(b) Rule 8.3 (i.e. disclosure because of ownership or control of 1% or more of
the class of

relevant securities dealt in) Y (delete as approp)


Signed, for and on behalf of the party named in (4) above
____________________________

(Also print name of signatory) Jim Callaghan, Company Secretary

Telephone and extension number [phone]



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