Holding in Company

Ryanair Holdings PLC
14 February 2003

Ryanair Holdings Plc

14 February 2003

Re: Holding in Company

A Letter from Fidelity Investments dated 11 February 2003 to Ryanair Holdings
Plc.

              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.

Eleanor Chemlon
Sr.Compliance Specialist
Fidelity Investments

AMENDMENT 11

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 OF US MUTUAL FUNDS AND FIDELITY MANAGEMENT TRUST COMPANY
(FMTC), A US STATE CHARTERES 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 SOLELY FOR 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.



ERIC D.ROITER

SENIOR V.P. & GENERAL COUNSEL -FMR CO.

DULY AUTHORIZED UNDER POWERS OF ATTORNEY DATED

DECEMEBR 30, 1997, 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 11



SECURITY: RYANAIR HOLDINGS PLC



ORDINARY SHARES


                            SHARES HELD                MANAGEMENT COMPANY          NOMINEE/REGISTERED NAME
                            20,709                     FMRCO                       MELLON BANK
                            44,800                     FMTC                        State Street Nominees Ltd
                            593,500                    FMTC                        HSBC NOMINEES LIMITED
                            83,800                     FMTC                        BANK OF NEW YORK -EUROPE
                            38,300                     FMTC                        NORTRUST NOMINEES
                            107,000                    FMTC                        NATIONAL CITIES
                            31,400                     FISL                        CHASE NOMINEES LTD
                            1,192,200                  FISL                        CHASE MANHATAN BANK LONDON
                            52,300                     FISL                        CLYDESDALE BANK (HEAD
                                                                                   OFFICE) NOMINEES LIMITED
                            1,720,379                  FPM                         BANKERS TRUST
                            180,880                    FPM                         MSS NOMINEES LTD
                            262,375                    FPM                         NORTRUST NOMINEES LTD
                            12,500                     FPM                         CREDIT SUISSE FST BOS
                                                                                   ZURICH
                            2,345,380                  FIL                         HSBC CLIENT HOLDINGS
                                                                                   NOMINEE(UK) LTD
                            3,079,740                  FIL                         MSS NOMINEES LTD
                            4,360,005                  FIL                         CHASE NOMINEES LTD
                            127,636                    FIL                         BANK OF NEW YORK-BRUSSELS
                            201,900                    FIL                         NORTRUST NOMINEES LTD
                            360,550                    FIL                         NAB - AUSTRALIA
                            327,260                    FIL                         RBS TRUST BANK
                            395,420                    FIL                         NORHTERN TRUST
                            189,320                    FIL                         BANKERS TRUST
                            20,100                     FIL                         STATE STREET BANK & TRUST
                            453,908                    FIL                         CITIBANK
                            14,400                     FIL                         NATIONAL AUSTRALIA BANK
                            234,130                    FIL                         MITSUBISHI TRUST & BANKING
                            18,200                     FIL                         STATE STREET NOMINEES LTD
                            18,740                     FIL                         NORDEN
                            124,928                    FIL                         BNP PARIBAS
                            189,600                    FIL                         MELLON NOMINEES LTD
                            30,271                     FIL                         CDC FINANCE
                            52,100                     FIL                         JP MORGAN
                            48,582                     FIL                         CHASE MANHATTAN BANK LONDON
                            7,300                      FIL                         PICG
                            34,500                     FIL                         CHASE MANHATTAN BANK AG
                                                                                   FRANKFURT
                            17,324                     FIL                         STATE STREET BANK TRUST
                            39,724                     FIL                         BANK OF NEW YORK LONDON
                            8,300                      FIL                         BROWN BROTHERS HARRIMAN
TOTAL ORDINARY SHARES       16,961,749



THE FOLLOWING NUMBER OF ORDINARY SHARES HELD IS BASED ON THE ASSUMED CONVERSION
OF 14,840,270 ADRs (5 ORDINARY SHARES OF EACH ADR)


                            402,650                   FMRCO                        STATE STREET NOMINNES LTD
                            4,880,000                 FMRCO                        CHASE NOMINEES LTD
                            68,524,100                FMRCO                        HSBC
                            19,500                    FMRCO                        CITIBANK
                            750                       FMRCO                        BBH
                            103,000                   FMTC                         DEUTSCHE BANK
                            22,000                    FMTC                         BANK OF NEW YORK
                            41,500                    FMTC                         MORGAN STANLEY TRUST CO
                                                                                   NOMINEES LIMITED BANK
                            1,350                     FMTC                         INVESTORS BANK  TRUST
                            4,500                     FMTC                         DEUTSHCE BANK/ALEX BROWN
                            44,000                    FMTC                         NORTHERN NOMINEES
                            3,000                     FMTC                         NORTHERN TRUST
                            4,500                     FMTC                         MELLON TRUST
                            38,000                    FMTC                         STATE STREET NOMINEES LTD
                            3,000                     FMTC                         GOLDMAN SACHS CO
                            9,000                     FMTC                         VIDACOS NOMINEES LTD
                            95,500                    FMTC                         BT GLOBALNET NOMINEES LTD
TOTAL ADR'S                 74,201,350
TOTAL ORDINARY SHARES+ADRS  91,163,099
CURRENT OWNERSHIP           12.09%
PERCENTAGE:
SHARES ISSUE                754,316,101
SHARES IN HOLDING SINCE     +7,639,549 ORDINARY
LAST FILING                 SHARES


This announcement has been issued through the Companies Announcement Service of
                           the Irish Stock Exchange.

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