Board restructuring

easyJet PLC
18 April 2002

Released 21.30 17 April 2002

Embargoed until Thursday, 18 April 2002


               EASYJET PLC RESTRUCTURES BOARD TO FURTHER ENHANCE

                              CORPORATE GOVERNANCE


               - Stelios intends to resign as Chairman at 2003 AGM -

                  - Sir Colin Chandler appointed Deputy Chairman -

easyJet plc, the leading European low-cost airline, today announces significant
changes to the composition and structure of its Board, following representations
made by institutional investors.

Since the IPO in November 2000, easyJet has grown rapidly, both in terms of its
operation and market capitalisation. Recent announcements have confirmed
easyJet's intention to continue its growth and the company wishes to ensure that
its Board has the appropriate structure and composition for a major listed
company, whilst reflecting the highest standard of corporate governance.

The changes are:

 1. Stelios Haji-Ioannou intends to resign as Chairman of easyJet plc at the next
    Annual General Meeting in 2003. Sir Colin Chandler has been appointed as
    Deputy Chairman, with immediate effect, with the intention to succeed
    Stelios as Chairman at that AGM. As a result, the Chairman will be
    independent from the controlling shareholders.
 2. All current executive directors, with the exception of the Chief Executive
    and the Finance Director, will resign from the plc Board and continue or
    become directors of easyJet Airline Company Ltd, a wholly-owned subsidiary
    of the plc and the company which holds the Air Operators Certificate. As a
    result, the majority of directors of easyJet plc will be independent.



Stelios Haji-Ioannou said:

'Since the IPO, easyJet has gone from strength to strength and, as the recent
Trading Statement revealed, I am very confident about its prospects. The company
has a strong management team led by Ray Webster, the Chief Executive, who has
been with easyJet from the beginning and who has been running the company for
the last couple of years.

'I am convinced that Ray and his team can continue this strong progress and this
is the appropriate time to plan my stepping-down from the easyJet Board in order
to concentrate on my new ventures.

'I intend to remain a significant shareholder of this company for a very long
time. However, as I have made clear on several occasions in the past, I have no
other source of income from easyJet other than disposal of shares and, as I
engage in new ventures, I may need to liquidate some of my stock from time to
time. As I have said before, I need to sell my past to finance my future.

'It is the sign of maturity in a young company to have a chairman who is
independent from the controlling shareholders and I am delighted that Sir Colin
Chandler has accepted our invitation to the join the Board. His long experience
in the aerospace industry and track-record in running major blue-chip public
companies will be invaluable to easyJet as it continues to grow.

'Starting a company requires a very different skill set to those needed to chair
a major Plc and I consider my strengths are in the former - I am a serial
entrepreneur. The history of the City is littered with entrepreneurs who held
onto their creations for too long, failing to recognise the changing needs of
the company, its business and its shareholders. I took note of the concerns of
institutional investors and I want to ensure the company abides by the highest
standards of corporate governance.'



Sir Colin Chandler, said:

'To be invited to join the Board of easyJet with a view to becoming Chairman is
a big honour for me as the company embarks on the next stage of its development.

'This is a bold and important move for both easyJet and Stelios. To stand-down
as the Chairman of a company that Stelios has created speaks volumes about his
commitment to the very highest standards of corporate governance and long-term
shareholder value. I look forward to working alongside and learning from him
until the next AGM.'

                                      Ends

NOTE: There will be an opportunity for photographs at easyLand, Luton Airport at
15.00. Please contact Toby Nicol for details

Contacts

easyJet enquiries:

Toby Nicol,

Head of Corporate Communications

01582 525 339

07788 190096



Charles Cook/Clare Abbot

Grandfield

020 7417 4170



easyGroup and Stelios enquiries:

James Rothnie

Corporate Affairs Director

0207 241 9009

07802 541 563



Notes

Stelios' intention to resign

To effect the changes provided for in paragraph 1 above, appropriate changes
will have to be made in the Relationship Agreement between easyGroup, Stelios
and easyJet, including the rights to appoint directors, the Brand License
Agreement and the Articles of Association of easyJet. These will be completed at
or before the next AGM.



Sir Colin Chandler: Biographical notes

Sir Colin Chandler is currently Chairman of Vickers Defence Systems, a
subsidiary of Rolls-Royce Plc, Deputy Chairman of Smiths Group Plc (a FTSE100
company), and a director of Thales Plc, the UK subsidiary of the French
aerospace, defence and IT company Thales SAe.

He is Pro-Chancellor of Cranfield University.

He was formerly Chairman & CEO of Racal Electronics (1999-2000); a director of
Guardian Royal Exchange (1995-1999) and from 1990-1999 he was variously Managing
Director, Chief Executive and Chairman of Vickers Plc.

In his earlier career, he held various posts at British Aerospace Plc and its
predecessor companies and undertook a four-and-a-half secondment to the Ministry
of Defence.

He was knighted in June 1988 for services to export.

easyJet plc confirms that there are no other details which require to be
disclosed under paragraph 6F.2b)-g) of the UKLA Listing Rules with respect to
Sir Colin Chandler



The easyJet plc Board previously consisted of:

Stelios Haji-Ioannou          Chairman

Tony Illsley                  Senior Non-Executive Director*

Colin Day                     Non-Executive Director*

Amir Eilon                    Non-Executive Director

Nick Hartley                  Non-Executive Director

Diederik Karsten              Non-Executive Director*

John Quelch                   Non-Executive Director*

Ray Webster                   Chief Executive

Mike Cooper                   Commercial Director

Vilhelm Hahn-Petersen         Operations Director

Keith McMann                  Airports Director

Chris Walton                  Finance Director



The easyJet plc Board now consists of:

Stelios Haji-Ioannou          Chairman

Sir Colin Chandler            Deputy Chairman*

Tony Illsley                  Senior Non-Executive Director*

Colin Day                     Non-Executive Director*

Amir Eilon                    Non-Executive Director

Nick Hartley                  Non-Executive Director

Diederik Karsten              Non-Executive Director*

John Quelch                   Non-Executive Director*

Ray Webster                   Chief Executive

Chris Walton                  Finance Director

(* denotes independent non-executive director)



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