Holdings in Company

Ryanair Holdings PLC
27 June 2007

STANDARD FORM TR-1 VOTING RIGHTS ATTACHED TO SHARES- ARTICLE 12(1) OF DIRECTIVE
 2004/109/EC FINANCIAL INSTRUMENTS - ARTICLE 11(3) OF THE COMMISSION DIRECTIVE
                                  2007/14/ECi

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

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

( ) 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

( X) an event changing the breakdown of voting rights

3. Full name of person(s) subject to the notification obligationiii: Allianz AG
and Subsidiaries

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

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

6. Threshold(s) that is/are crossed or reached: Reached below a disclosable
threshold

7. Notified details:


A: Voting rights attached to shares


Class/type of     Situation previous to    Resulting situation after the triggering transaction
shares            the triggering
                  transaction
If possible use   Number of   Number of    Number of    Number of voting      Percentage of voting
ISIN code         shares      voting       shares       rights                rights
                              rights

                                                        Direct    Indirect    Direct    Indirect
IE00B1GKF381      77,852,148  77,852,148


SUBTOTAL A (based on aggregate voting rights)





Below disclosable threshold of 5%



B: Financial Instruments


Resulting situation after the triggering transaction


Type of financial Expiration date     Exercise/           No. of voting rights Percentage of voting
instrument                            conversion period/  that may be acquired rights
                                      date                (if the instrument
                                                          exercised/converted)

SUBTOTAL B (in relation to all expiration dates)






Total (A+B)                   number of voting rights                        % of voting rights







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



Allianz AG



For further information please contact Dresdner Kleinwort on [phone]





9. In case of proxy voting: (name of the proxy holder) will cease to hold
(number) voting rights as of (date). N/A





10. Additional information: N/A

Done at (place) on (date).


















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                            The Irish Stock Exchange










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