Issue of Equity

easyJet PLC
15 November 2000



Not for release, distribution, publication, in whole or in part, in or into
the United States, Canada, Japan or Australia

EASYJET ANNOUNCES OFFER PRICE OF 310 PENCE PER SHARE

Following completion of bookbuilding on 14 November 2000, easyJet plc ('
easyJet'), one of Europe's leading low-fare scheduled passenger airline
businesses, announces that its initial public offering (the 'IPO') of 63
million new ordinary shares will be priced at 310 pence per share (the 'Offer
Price').

At the Offer Price, the size of the offering is approximately £195 million,
valuing easyJet at approximately £777 million, after taking into account the
proceeds of the flotation.   The shares to be issued represent approximately
25% of the enlarged share capital of easyJet.

The IPO and allocations under the IPO are conditional on listing becoming
effective. Conditional dealings are expected to commence at 8.00a.m. on
Wednesday 15 November 2000 on a when-issued basis.  It is expected that
listing will become effective and unconditional dealings in easyJet's shares
will commence on the London Stock Exchange under the ticker symbol EZJ.L at
8.00a.m. on 22 November 2000. The number of shares in issue at listing will be
250.54 million (excluding any shares issued as a result of exercise of the
over-allotment option described below).

Commenting on the offer, easyJet's Chairman, Stelios Haji-Ioannou, said:

'We are delighted by the high level of interest and support that institutional
shareholders have shown in easyJet.  The IPO is a significant milestone for
easyJet and will allow us to maximise our growth potential by helping fund our
planned new Boeing 737-700 purchases.

'Almost all easyJet employees are now shareholders or option holders and they
will be working hard to maximise the value of the business. They are pleased
to see that the stock market already recognises the tremendous value they have
built up in the business over the last five years.  We look forward to our
future as a listed company and to continuing to enhance shareholder value by
executing our proven skills in the low fare airline market.'

Credit Suisse First Boston and UBS Warburg are Joint Bookrunners and Joint
Sponsors of the placing. Merrill Lynch International and Schroder Salomon
Smith Barney are Co-Lead Managers of the placing.

In connection with the placing, easyJet has granted to the Joint Bookrunners
(on behalf of the Underwriters) an over-allotment option to subscribe or
procure subscribers for up to an additional 9.45 million shares to be allotted
and issued by easyJet at the Offer Price for up to 30 days after listing
becoming effective.

Expected Timetable

15 November               Publication of Listing Particulars
                          Conditional dealings commence



22 November               Admission of shares to Official List
                          Unconditional dealings begin



Enquiries:


easyJet                                Grandfield
Toby Nicol                             Charles Cook
Tel. [phone]               Tel. [phone]



                                       Stephen Benzikie
                                       Tel. [phone]


Credit Suisse First Boston             UBS Warburg
Charles Kirwan-Taylor                  Charles Otton

Tel. [phone]              Tel. [phone]



Andrew Boshoff                          Nic Hellyer
Tel. [phone]               Tel. [phone]


About easyJet

easyJet operates one of Europe's leading low-fare scheduled passenger airline
businesses, providing high frequency services on short-haul and medium-haul
point-to-point routes within Europe from its three airport bases at London
Luton, Liverpool and Geneva.

easyJet offers a simple, 'no frills' service aimed at both the leisure and
business travel markets at fares which are on average significantly below
those offered by traditional full service airlines.  easyJet minimises costs
through high aircraft utilisation, simplified business processes and the
extensive use of information technology.  Travel Agents' commissions are
eliminated by easyJet selling all seats directly to the public over the
internet (approximately 78% of initial bookings in the month of September
2000) or through easyJet's own call centre or airport sales desks.

easyJet has experienced substantial year-on-year growth since its first flight
in November 1995.  During the year ended 30 September 2000, easyJet flew 5.6
million passengers generating profits before tax of £22.1 million on revenue
of £263.7 million.

As at 30 September 2000, easyJet operated on 28 routes with a fleet of 18
modern Boeing 737 aircraft and one aircraft operated under a wet lease.
easyJet has entered into a purchase agreement with Boeing for 32 new Boeing
737-700 aircraft, the first of which was delivered on 13 October 2000 and the
remainder of which will be delivered over the period up to May 2004.  Taking
account of the aircraft which will be retired during this period, easyJet
expects that the size of its fleet will increase to 44 aircraft with an
average age of under three years by May 2004.  This equates to an annual
increase of approximately 25 per cent in available seats during the delivery
period.

This announcement does not constitute an offer to sell or issue, or the
solicitation of an offer to buy or subscribe for securities and any purchase
of, or application for, shares to be issued or sold in connection with the
Initial Public Offering should only be made on the basis of information
contained in the listing particulars and other information to be issued in
connection with the Initial Public Offering.  Neither this announcement nor
any copy hereof may be taken or transmitted into the United States, Canada,
Japan or Australia or distributed, directly or indirectly, in the United
States, Canada, Japan or Australia.  This announcement is not an offer for
sale of any securities of easyJet plc (the 'Company') in the United States.
The securities referred to herein may not be offered or sold in the United
States unless they are registered under the US Securities Act of 1933 or
exempt from registration thereunder.

This announcement has been issued by, and is the sole responsibility of, the
Company and has been approved solely for the purposes of section 57 of the
Financial Services Act 1986 by Credit Suisse First Boston and UBS Warburg ('
the Financial Advisers') which are each regulated in the UK by The Securities
and Futures Authority Limited and are financial advisers to the Company in
connection with the proposed Initial Public Offering.  The Financial Advisers
are advising the Company in relation to the proposed Initial Public Offering
and no one else and will not be responsible to anyone other than the Company
for providing the protections afforded to customers of the Financial Advisers
nor for providing advice in relation to the proposed Initial Public Offering.
Prices and values of, and income from, shares may go down as well as up.  Past
performance is not a guide to future performance.  Persons needing advice
should consult an independent financial adviser.

In connection with the Placing, UBS Warburg on behalf of the Underwriters may
over-allot or effect transactions which stabilise or maintain the market price
of the Ordinary Shares at levels above those which might prevail in the open
market.  Such transactions may be effected on the London Stock Exchange, in
the over-the-counter market or otherwise.  Such stabilising, if commenced, may
be discontinued at any time.