Holding in Company

Ryanair Holdings PLC
18 October 2001

Ryanair Holdings Plc

18 October 2001

Re: Holding in Company

A Letter from Fidelity Investments dated 16 October 2001 to Ryanair Holdings
Plc, received by Ryanair Holdings Plc 18 October 2001.


Section 67, Companies Act 1990

Notice of Interest in Voting Shares

ENCLOSED ARE AMENDED NOTIFICATIONS OF DISCLOSABLE INTERESTS UNDER THE IRISH
COMPANIES ACT 1990. PLEASE NOTE THAT WHILE THIS INFORMATION DETAILS THE
DISCLOSABLE INTERESTS OF MORE THAN ONE ENTITY, THE ENCLOSED DISCLOSURE
CONSTITUTES SEPARATE NOTIFICATIONS OF INTEREST WHICH HAVE BEEN COMBINED SOLELY
FOR PURPOSES OF CLARITY AND EFFICIENCY. IT IS NOT INTENDED TO INDICATE THAT
ANY OF THESE ENTITIES ACT AS A GROUP OR IN CONCERT WITH RESPECT TO THESE
INTERESTS.

THESE DISCLOSURES ARE MADE IN THE INTEREST OF CONFORMITY WITH THE COMPANIES
ACT. THE INTEREST DETAILED HEREIN WAS ACQUIRED SOLELY FOR INVESTMENT PURPOSES.
FOR DISCLOSURE PURPOSES, HOLDINGS SHOULD BE REPRESENTED AS FMR CORP. AND ITS
DIRECT AND INDIRECT SUBSIDIARIES AND FIDELITY INTERNATIONAL LIMITED(FIL) AND
ITS DIRECT AND INDIRECT SUBSIDIARIES BOTH BEING NON-BENEFICIAL HOLDERS.

Patricia A. Bolen

Compliance Associate

Fidelity Investments

AMENDMENT 7

NOTIFICATIONS UNDER SECTIONS 67 - IRISH COMPANIES ACT



1. COMPANY IN WHICH SHARES ARE HELD: Ryanair Holdings Plc

2. NOTIFIABLE INTEREST: ORDINARY SHARES AND ADRs

(A) FMR CORP.

82 DEVONSHIRE STREET

BOSTON, MA 02109

PARENT HOLDING COMPANY OF FIDELITY MANAGEMENT & RESEARCH COMPANY (FMRCO),
INVESTMENT MANAGER FOR US MUTUAL FUNDS AND FIDELITY MANAGEMENT TRUST COMPANY
(FMTC), A US CHARTERED BANK WHICH ACTS AS A TRUSTEE OR INVESTMENT MANAGER OF
VARIOUS PENSION AND TRUST ACCOUNTS (SEE SCHEDULE A FOR LISTING OF REGISTERED
SHAREHOLDERS AND THEIR HOLDINGS)

(B) FIDELITY INTERNATIONAL LIMITED(FIL)

P.O. BOX HM 670

HAMILTON HMCX, BERMUDA

PARENT HOLDING COMPANY FOR VARIOUS DIRECT AND INDIRECT SUBSIDIARIES, INCLUDING
FIDELITY INVESTMENT SERVICES LTD. (FISL), FIDELITY PENSION MANAGEMENT (FPM),
INVESTMENT MANAGERS FOR VARIOUS NON-US INVESTMENT COMPANIES AND INSTITUTIONAL
CLIENTS. (SEE SCHEDULE A FOR LISTING OF REGISTERED SHAREHOLDERS AND THEIR
HOLDINGS)



3. THE NOTIFIABLE INTERESTS ALSO COMPRISE THE NOTIFIABLE INTERST OF:

MR. EDWARD C. JOHNSON 3d

82 DEVONSHIRE STREET

BOSTON, MA 02109


A PRINCIPAL SHAREHOLDER AND CHAIRMAN OF FMR CORP. AND FIDELITY INTERNATIONAL
LIMITED.



4. THESE NOTIFICATIONS OF DISCLOSABLE INTERESTS CONSTITUTE SEPARATE
NOTIFICATIONS OF INTEREST IN THE SHARES AND ARE COMBINED SOLELYFOR THE
PURPOSES OF CLARITY. NOTHING HEREIN SHOULD BE TAKEN TO INDICATE THAT FMR CORP.
AND ITS DIRECT AND INDIRECT SUBSIDIARIES, FIDELITY INTERNATIONAL LIMITED AND
ITS DIRECT AND INDIRECT SUBSIDIARIES, OR MR, EDWARD C. JOHNSON 3d ACT AS A
GROUP OR IN CONCERT IN RESPECT OF THE DISCLOSED INTERESTS, OR THAT THEY ARE
REQUIRED TO SUBMIT THESE NOTIFICATIONS ON A JOINT BASIS.



5. THE DISCLOSABLE INTERESTS ARISE UNDER SECTION 67 OF THE ACT,

NAMELY WHERE A PERSON, NOT BEING THE REGISTERED HOLDER, IS ENTITLED TO
EXERCISE A RIGHT CONFERRED BY THE HOLDING OF THE SHARES OR TO CONTROL THE
EXERCISE OF SUCH RIGHTS, RESPECTIVELY.

FRANK V. KNOX

VICE PRESIDENT AND COMPLIANCE OFFICER

FMR CO. DULY AUTHORIZED UNDER POWERS OF

ATTORNEY DATED OCTOBER 16, 2001,BY ERIC D. ROITER

BY AND ON BEHALF OF FMR CORP, AND ITS

DIRECT AND INDIRECT SUBSIDIARIES, AND

FIDELITY INTERNATIONAL LIMITED

AND ITS DIRECT AND INDIRECT SUBSIDIARIES,

SCHEDULE A

AMENDMENT 7

SECURITY: RYANAIR HOLDINGS PLC

ORDINARY SHARES
                  SHARES    MANAGEMENT     NOMINEE/REGISTERED NAME
                  HELD      COMPANY
                  66,300    FMTC           State Street Nominees Ltd
                  330,900   FMTC           HSBC Nominees Limited
                  51,400    FMTC           Bank of New York - Europe
                  36,600    FMTC           Nortrust Nominees
                  63,500    FMTC           National Cities
                  83,100    FPM            Chase Nominees Ltd
                  194,397   FPM            Bankers Trust
                  85,390    FPM            MSS Nominees Ltd
                  96,590    FPM            Nortrust Nominees Ltd
                  204,850   FISL           Clydesdale Bank (Head Office)
                                           Nominees Limited
                  2,581     FIL            HSBC Client Holdings Nominee (UK)
                                           Limited
                  2,055,400 FIL            MSS Nominees Ltd
                  188,900   FIL            Chase Nominees Ltd
                  1,869,668 FIL            Clydesdale Bank (Head Office)
                                           Nominees Limited
                  70,000    FIL            Bank of New York - Brussels
                  124,800   FIL            Nortrust Nominees Ltd
                  113,575   FIL            NAB- Australia
                  168,030   FIL            RBS Trust Bank
                  175,230   FIL            Northern Trust
                  196,925   FIL            Bankers Trust
                  17,700    FIL            State Street Bank & Trust
                  11,800    FIL            Credit Suisse
                  231,354   FIL            Citibank
                  7,700     FIL            National Australia Bank
                  146,610   FIL            Mitsubishi Trust & Banking
                  5,800     FIL            Deutsche Bank AG London
                  8,700     FIL            Bank of Ireland, Dublin
                  5,620     FIL            Nordea
Total Ordinary    6,613,420
Shares



The following number of ordinary shares held is based on the assumed
conversion of 4,951,950 ASRs (5 ordinary shares for each ADR).
                        477,700            FMRCO State Street Nominees Limited
                        759,500            FMRCO Chase Nominees Limited
                        23,405,550         FMRCO HSBC
                        117,000            FIL   Clydesdale Bank (Head Office)
                                                 Nominees Limited
Total Ordinary Shares   24,759,750
Total Ordinary Shares   31,373,170
Current Ownership       8.66%
percentage
Shares in Issue         362,158,042
Change in holdings      (3,242,961)
since last filing       ordinary shares