Ryanair.com personal loans

Ryanair Holdings PLC
28 May 2003



                               SHOW ME THE MONEY!

  Ryanair.com celebrates the launch of new personal loans in Ireland with free
                             travel insurance offer

Ryanair, Europe's No.1 low fares airline, today announced the availability of
its latest finance product, Ryanair low cost personal loans. Ryanair personal
loans, launched with GE Capital Woodchester, a leading finance provider in
Ireland, (and launched with MBNA Europe in the UK) are now available to Irish
Consumers at highly competitive rates starting from 7.9%, one of the lowest APRs
in the market. To celebrate the launch, Ryanair are offering free travel
insurance* for an entire year to the first 500 customers who take out a Ryanair
loan.

Announcing the new partnership with GE Capital Woodchester, Ryanair.com's Chief
Executive Officer, Michael O'Leary said, 'Financial Services has proved to be
very successful for us with the Ryanair credit card surpassing all expectations.
I am confident that the demand for low cost personal loans will be just as
strong and we are delighted to be teaming with GE Capital Woodchester, one of
Ireland's leading personal finance companies. At one of the lowest rates
available in the market, customers can now simply apply on www.ryanair.com to
borrow funds for home improvements, a new car and of course a holiday.'

Sean Webb, Chief Executive Officer of GE Capital Woodchester commented, 'Ryanair
has built a strong brand name on their ability to be 1st with unbeatable
products. Their move into the provision of low cost personal loans is testament
to this and we are delighted to be their chosen finance partner in Ireland. This
is definitely an exciting venture with the first 500 Ryanair personal loan
customers not only benefiting from a highly competitive rate but also earning
free travel insurance for an entire year.'

Subject to normal lending and acceptance criteria, personal loans of between €2k
and €20k are available to consumers who:

   •Earn a minimum income of €16,500 per annum or €320 per week

   •Have been permanently employed for over a year

   •Have a good credit history

Ryanair low cost personal loans are available online at http://www.ryanair.com

*Free Travel Insurance is only guaranteed to the first 500 customers to take out
a Ryanair loan in the Republic of Ireland. Terms and conditions of the policy
apply.

Notes to Editors:

About GE Capital Woodchester

GE Capital Woodchester is a leading provider of motor, equipment and personal
finance, offering the most flexible packages for diverse financial needs. GE
Capital Woodchester provides specialised financing and services such as
equipment and car leasing, hire purchase and loans to businesses and individuals
across Ireland.

With headquarters in Dublin, GE Capital Woodchester services the financial needs
of its customers through its nation-wide branches and extensive dealer and
partner network.

GE Capital Woodchester is part of GE Consumer Finance. With nearly US$77 billion
in assets, GE Consumer Finance provides a variety of financial services in more
than 35 countries around the world.

More information on GE Capital Woodchester can be found at http://
www.gecapital.ie.

Ends 28th May 2003

For further information:

Paul Fitzsimmons - Ryanair   Tel: [phone]   
Pauline McAlester - Murray Consultants  Tel: [phone]

Carol Clavin - GE Capital Woodchester  Tel: [phone]   
Brian Bell - WHPR                      Tel: [phone]


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