Holding in Company

RNS Number : 1308D

Ryanair Holdings PLC

26 November 2009

Standard Form TR-1

for filing purposes only in accordance with Regulation 22 of the Transparency (Directive 2004/109/EC) Regulations 2007

Voting rights attached to shares- Article 12(1) of directive 2004/109/EC
Financial instruments - Article 11(3) of the Commission Directive 2007/14/EC

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached :

Ryanair Holdings Plc

2. Reason for the notification (please tick the appropriate box or boxes):

[X] an acquisition or disposal of voting rights

[ ] an acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

[ ] an event changing the breakdown of voting rights

3. Full name of person(s) subject to the notification obligation:

Deutsche Bank AG

4. Full name of shareholder(s) (if different from 3.):

Deutsche Bank AG

Tilney Investment Management

Deutsche Investment Management Americas Inc

Deutsche Asset Management Investment GmbH

Deutsche Asset Management (Japan) Ltd

DWS Investment GmbH

5. Date of the transaction and date on which the threshold is crossed or reached:

19/11/2009

6. Date on which issuer notified;

25/11/2009

7. Threshold(s) that is/are crossed or reached:

Direct 4%

8. Notified details:

A) Voting rights attached to shares
Class/type of shares (if possible using the ISIN CODE)	Situation previous to the Triggering transaction		Resulting situation after the triggering transaction
	Number of Shares	Number of Voting rights	Number of shares	Number of voting rights		% of voting rights
	Number of Shares	Number of Voting rights		Direct	Indirect	Direct	Indirect
IE00B1GKF381 US7835131043	48,293,759 1,041,125	48,293,759 1,041,125	59,158,010 1,510,830	57,653,604 1,344,330	1,504,406 166,500	3.93% 0.09%	0.10% 0.01%

SUBTOTAL A (based on aggregate voting rights)				60,668,840		4.10%

B) Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration Date	Exercise/Conversion Period/ Date	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights


		SUBTOTAL B (in relation to all expiration dates)

Total (A+B)

number of voting rights

% of voting rights

60,668,840

4.10%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

10. In case of proxy voting: [name of the proxy holder] will cease to hold [number] voting rights as of [date].

11. Additional information:

ADR based on 1 ADR = 5 ords

Done at [place] on [date].

Annex to the standard form TR-1

a) Identity of the person or legal entity subject to the notification obligation:

Full name (including legal form for legal entities)	Deutsche Bank AG
Contact address (registered office for legal entities)	Winchester House 1 Great Winchester Street London EC2N 2DB
Phone number	+44 (0) 20 7545 8000
Other useful information (at least legal representative for legal persons)	Natalie Brewer

b) Identity of the notifier, if applicable:

Full name	.....................................................................
Contact address	..................................................................... .....................................................................
Phone number	.....................................................................
Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)