Letter from major shareholder

easyJet PLC
09 July 2004

                                  easyJet plc





Friday 9 July 2004


We have received the following letter from our major shareholder.  We welcome
the statement of clarification and of support.


From: Stelios Haji_-Ioannou

9th of July, 2004 1740h


'Recent reports in the press have claimed that I am considering (even 'seriously
' considering, according to one Italian paper) taking easyJet private, and I
wish to clarify the position on this issue.


While taking easyJet private is 'a possible option, but no decision has been
made yet', as my office confirmed to a journalist a few days ago, frankly the
media have read too much into this.


easyGroup and members of my family hold about 41% of the shares in easyJet.  The
easyJet share price has fallen substantially in recent months, for various
reasons, as have other airline stocks.  Like any large shareholder in any
company we are very keen to protect our investments, and we keep our investment
in easyJet under review.  All sensible options are considered from time to time.


Taking easyJet private at this stage would, in my view, be something of an
extreme measure.  There are many other steps which could be considered before
going private. For example I still have the contractual right to be Chairman of
the Board of easyJet, a position I voluntarily stepped down from a couple of
years ago and something I would only reclaim in extreme circumstances.
Therefore, contrary to some press reports, it is not a job that I am after, it
is about protecting shareholder value.  My current view is clear having
discussed it with both the Chairman and the Chief Executive of easyJet.  I wish
to work with and support the Board and senior management in order to protect and
improve shareholder value and I believe the Board will be taking measures to
achieve those ends.  There is no current plan on the part of easyGroup and my
family to take the Company private.


While we will continue to support the Board at this time, if there were a
further deterioration in the share price, deviations from what we understand to
be the Board's plans to improve shareholder value or other material changes in
circumstances, we would obviously be free to take a different line.'


For more information, please contact Toby Nicol, Corporate Communications
Manager on 01582 525339.


                      This information is provided by RNS
            The company news service from the London Stock Exchange