Corporate Action

easyJet PLC
29 October 2001

ENTITLEMENT ISSUE
SECURITY TITLE
*Ord Shs
MNEMONIC CODE           *EZJ
SEDOL CODE              *164-199
TERMS                   *3 New Ordinary Shares for every 40 existing            
                        Ordinary Shares.
EX DATE                 *29-10-01
RECORD DATE             *22-10-01
SPLITTING APPLICATION FORMS *16-11-01 3:00 p.m.
RECEIPT OF APPLICATION FORMS *20-11-01 3:00 p.m.
DEALING COMMENCE NEW SHARES *21-11-01
NOTES *The Offer Price, which will be the same for the Placing and the Open
       Offer,  will be determined at the end of a competitive bookbuilding
       exercise, and will be announced on or about 02-11-01.