Implementation of Stock Split

Ryanair Holdings PLC
20 February 2007

               Ryanair Holdings Plc ('Ryanair' or the 'Company')

                                  Stock Split


Application has been made to both the Irish Stock Exchange and the UK Listing
Authority for 1,551,500,778 Ordinary Shares of 0.635 euro cents each in the
capital of the Company ('New Ordinary Shares') to be admitted to dealing on the
Official List of the Irish Stock Exchange and the Official List of the UK
Listing Authority and application has also been made to the London Stock
Exchange for these New Ordinary Shares to be admitted to trading on the main
market for listed securities of the London Stock Exchange. Of these, 5,010,074
Ordinary Shares of 0.635 euro cents each remain unallotted pursuant to the
Company's blocklisting facilities.


This application is being made pursuant to a stock split which was approved by
Shareholders at the Extraordinary General Meeting of the Company on 14 December,
2006 and the implementation of which was confirmed in the Company's 3rd Quarter
results announcement issued on 5 February, 2007.


Dealings in the New Ordinary Shares are expected to commence on Monday, 26
February, 2007. Accordingly, the last day of dealing in the existing Ordinary
Shares will be Friday, 23 February, 2007.


Details of the Sub-division

Pursuant to the Sub-division each Ordinary Share with a current nominal value of
1.27 euro cents each will be divided into 2 new Ordinary Shares with a nominal
value of 0.635 euro cents each.


The effect of the proposal is that each shareholder will own two New Ordinary
Shares for every one existing Ordinary Share (or ADS as the case may be) held on
a record date of 23 February, 2007.  Except for this change, the New Ordinary
Shares will in all other respects be the same as the existing Ordinary Shares.
Subject to market conditions, the aggregate value of each shareholder's holding
of shares should remain the same following the Sub-division. The underlying
interests of Shareholders in the profits and net assets of the Group will not be
affected by the Sub-division and shareholders will have the same rights and be
subject to the same restrictions as under their existing holding of Ordinary
Shares.


The Sub-division will not result in any new shares being issued by the Company
or becoming available in whole or in part to the public.


Certificated Holders

New share certificates reflecting the New Ordinary Shares following the
Sub-division will be issued to Ryanair Shareholders on request in exchange for
their existing share certificates and as the Company's Registrars receive old
share certificates for the purpose of processing share disposals or transfers in
the normal course of business. Existing share certificates for Ordinary Shares
remain valid, but will represent twice the number of Ordinary Shares stated on
the certificate. With regard to the Company's American Depository Shares (''
ADS's''), the existing ADS ratio, where one ADS represents five Ordinary Shares
will remain. Following the Sub-division the number of ADS's held by an ADR
holder will be doubled.


Uncertificated holders

For holdings in uncertificated form, it is expected that the appropriate share
accounts in CREST will be credited with entitlements to the New Ordinary Shares
on 26 February, 2007.


New ISIN Code

The New Ordinary Shares have been allocated a new ISIN Code. This is
IE00B1GKF381. The SEDOL code is B - 1GK - F38. These new codes will be effective
from commencement of dealings on Monday, 26 February, 2007.


                      This information is provided by RNS
            The company news service from the London Stock Exchange