updateon eu comm. decision

Ryanair Holdings PLC
04 February 2004


                UPDATE ON EUROPEAN COMMISSION DECISION
                   ON BRUSSELS-CHARLEROI COST BASE

Ryanair anticipates that the European Commissions report on the
Brussels-Charleroi cost base will be published in a number of weeks. Thereafter,
the government of Belgium will have 60 days to respond to it with its proposals
for compliance with the decision. It is therefore likely to be a number of
months before the Company can assess the impact of this decision on its cost
base at Charleroi. However, in the meantime this decision will be appealed to
the European Court of Justice and the Company is confident of overturning the
decision on appeal.

Ends.                          Wednesday, 4th February 2004

For further information
Please contact:                Paul Fitzsimmons            Pauline McAlester
                               Ryanair                     Murray Consultants
                               Tel: [phone]          Tel: [phone]
                               www.RYANAIR.COM - The low fares website



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