Director/PDMR Shareholding

Ryanair Holdings PLC
23 November 2006

                                  SCHEDULE 11

    Notification of Transactions of Directors/Persons Discharging Managerial
                      Responsibility and Connected Persons



This form is intended for use by an issuer to make a RIS notification required
by the Market Abuse Rules and section 53 (as extended by section 64 of the
Companies Act 1990) or entered into the issuer's register in accordance with
section 59 of the Companies Act 1990.



(1)              An issuer making a notification in respect of a transaction
relating to the shares or debentures of the issuer should complete boxes 1 to
16, 23 and 24.



(2)              An issuer making a notification in respect of a derivative
relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14,
16, 23 and 24.



(3)              An issuer making a notification in respect of options granted
to a director/person discharging managerial responsibilities should complete
boxes 1 to 3 and 17 to 24.



(4)              An issuer making a notification in respect of a financial
instrument relating to the shares of the issuer (other than a debenture) should
complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.





All relevant boxes should be completed in block capital letters


1  Name of the Issuer                    2  State whether the notification relates to:

   RYANAIR PLC                              (i)    a transaction notified in accordance with Market Abuse Rules;



                                            (ii)   a disclosure made in accordance with section 53 (as extended by
                                            section 64 of the Companies Act 1990) or entered into the issuer's
                                            register in accordance with section 59 of the Companies Act 1990; or

                                            (iii) both (i) and (ii).



                                            (iii)


3  Name of person discharging managerial 4  State whether notification relates to a person connected with a person
   responsibilities/director                discharging managerial responsibilities/director named in 3 and identify
                                            the connected person
   JIM CALLAGHAN, COMPANY SECRETARY
                                            N/A
5  Indicate whether the notification is  6  Description of shares (including class) debentures or derivatives or
   in respect of a holding of the person    financial instruments relating to shares
   referred to in 3 or 4 above or in
   respect of a non-beneficial interest     ORDINARY SHARES

   HOLDING
7  Name of registered shareholder(s)     8  State the nature of the transaction
   and, if more than one, number of
   shares held by each of them              EXERCISE AND SALE OF SHARE OPTIONS

   JIM CALLAGHAN
9  Number of shares, debentures or       10 Percentage of issued class acquired (treasury shares of that class
   financial instruments relating to        should not be taken into account when calculating  percentage)
   shares acquired
                                            .0000129%
   10,000
11 Number of shares, debentures or       12 Percentage of issued class disposed (treasury shares of that class
   financial instruments relating to        should not be taken into account when calculating  percentage)
   shares disposed
                                            .0000129%
   10,000
13 Price per share or value of           14 Date and place of transaction
   transaction
                                            ISE - 17/11/06
   €9.885

15 Total holding following notification  16 Date issuer informed of transaction
   and total percentage holding
   following notification (any treasury     17/11/06
   shares should not be taken into
   account when calculating percentage)

   N/A



If a person discharging managerial responsibilities has been granted options by
the issuer, complete the following boxes:


17                            Date of grant                         18  Period during which or date on which it can
                                                                        be exercised
                              JUNE 2000
                                                                        UNTIL JUNE 2007
19                            Total amount paid (if any) for grant  20  Description of shares or debentures involved
                              of the option                             (class and number)

                              €37,000                                   10,000 ORDINARY SHARES
21                            Exercise price (if fixed at time of   22  Total number of shares or debentures over
                              grant) or indication that the price       which options are held following
                              is to be fixed at the time of             notification
                              exercise
                                                                        40,000
                              €3.70
23                            Any additional information            24  Name of contact and telephone number for
                                                                        queries

                                                                        HOWARD MILLAR - 01 812 1302







Name and signature of duly designated officer of issuer responsible for making notification

_HOWARD MILLAR__________________________________________________

Date of notification _______22/11/06____________________________



This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.




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