AGM Statement

Ryanair Holdings PLC
25 September 2001

                             Ryanair Holdings plc

                                Result of AGM


At the Annual General Meeting of Ryanair Holdings plc held on the 25th
September, 2001, the Company's Irish Pound denominated share capital was
re-denominated and re-nominalised into euro.


The authorised and issued Ordinary Shares of IR2p each have re-denominated
and re-nominalised to Ordinary Shares of nominal value EUR 0.0254 each.

This adjustment will not alter the number of listed and fully paid Ordinary
Shares in issue and existing share certificates continue to be valid.

Application will be made to the UK Listing Authority for 362,158,042 Ordinary
Shares, of nominal value EUR 0.0254 each, being the entire issued share
capital in issue following re-denomination, to be admitted to the Official
List of the UK Listing Authority and to the London Stock Exchange for such
shares to be admitted to trading on the London Stock Exchange's market for
listed securities. Admission is expected to become effective on Tuesday 2
October, 2001.

All of the other resolutions considered and voted on at the Annual General
meeting were also approved.

Copies of this announcement are available for fourteen days from the
registered office of Ryanair Holdings plc.

ENDS                                                         25 September, 2001



For further information

please contact:          Howard Millar

                         Ryanair

                         Tel. [phone]

                         Pauline McAlester

                         Murray Consultants

                         Tel. [phone]



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