SHARE OPTION WINDFALL

Ryanair Holdings PLC
02 December 2005


                     RYANAIR'S DUBLIN PILOTS EACH RECEIVE
                      OVER €60,000 SHARE OPTION WINDFALL

Ryanair, Europe's largest low fares airline, today (Friday, 2nd December 2005)
confirmed that many of its Dublin pilots have received windfalls of over €60,000
each by selling their share options, which became exercisable from yesterday
(1st December). Based on today's share price of €7.50 the options have a value
of €190,000, yielding windfalls of over €60,000 for each participating pilot.

The share options form part of the collective 5 year pay, benefit and share
option scheme that the Dublin pilots negotiated directly with the airline in
November 2000 and are the ninth tranche of options which Ryanair's Dublin pilots
have enjoyed over each of the past nine years. The total value of these options
to each qualifying Dublin pilot since Ryanair floated in 1997 is almost €500,000
and if disposed of at the exercise date, they have generated a total profit of
almost €300,000 for each qualifying Dublin pilot.

Welcoming this latest tranche of profitable share options for Ryanair's pilots,
Ryanair's Director of Personnel, Eddie Wilson said:

    'Ryanair will continue to negotiate directly with all our people, and we
    hope that as a result of this internal collective bargaining process our
    people will continue to share in Ryanair's success as we grow to become
    Europe's largest and most valuable airline.'

    'This latest €60,000 share option profit is one of many benefits which
    Ryanair's Dublin pilots have negotiated directly with Ryanair. Ryanair's
    pay, promotion, job security and share options are better than any other 737
    pilot package in Europe. This is why Ryanair has over the past 12 months
    recruited more than 150 pilots from other airlines including Easyjet,
    Lufthansa, SAS, Alitalia and British Midlands'.

Ends.                         Friday, 2nd December 2005

For reference:
Peter Sherrard - Ryanair      Pauline McAlester - Murray Consultants
Tel: [phone]         Tel: [phone]



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