Director Shareholding

Ryanair Holdings PLC
01 March 2005


                              RYANAIR ANNOUNCEMENT

Ryanair Holdings plc today (Tuesday, 1st March 2005), announced it had received
a notification from Michael Horgan, a Director in the Company, confirming that
he had purchased 4,000 ordinary shares at a price of EUR5.97 per share.

ENDS.               Tuesday, 1st March 2005

For reference:      Howard Millar              Pauline McAlester
                    Ryanair Holdings plc       Murray Consultants
                    Tel: [phone]      Tel: [phone]


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