Ninth European Base

Ryanair Holdings PLC
28 January 2003



                   RYANAIR ANNOUNCES ITS NINTH EUROPEAN BASE


            SIX NEW ROUTES (30 FLIGHTS DAILY) FROM STOCKHOLM SKAVSTA


Ryanair, Europe's No.1 low fares airline, today (Tuesday, 28th January 2003)
confirmed that it had chosen Stockholm Skavsta Airport to be its ninth European
base.

Starting in 9 weeks time (4th April 2003), Ryanair will allocate up to 4
aircraft to its new base in Stockholm, operating over 30 flights each day from
Stockholm on 6 new international routes to Aarhus, Glasgow, Hamburg, Paris, Oslo
and Tampere (Finland) - in addition to the hugely successful existing routes to
London and Frankfurt.

This new Scandinavian base will result in the creation of over 200 new jobs in
Stockholm and will result in over 1.5 million passengers being carried through
Stockholm Skavsta in the first year of this new base. These passengers will save
over SEK 3 billion compared with the high fares currently being charged by SAS,
Scandinavia's high fares airline.

As well as announcing details of its routes, Ryanair also announced launch air
fares from just SEK 299! Ryanair's one way fares will be at least 84% cheaper
than the one way fares currently offered by SAS.

ROUTES                COMMENCES             RYANAIR                SAS                   SAVING
LONDON                4TH APRIL 03          From SEK 399           SEK 6824              95%
FRANKFURT             4TH APRIL 03          From SEK 399           SEK 6609              95%
AARHUS                4TH APRIL 03          FromSEK 399            SEK 2671              85%
OSLO                  4TH APRIL 03          From SEK399            SEK 2569              84%
TAMPERE               4TH APRIL 03          From SEK 459           SEK 3169              85%
GLASGOW               4TH APRIL 03          From SEK 599           SEK 7092              91%
HAMBURG               4TH APRIL 03          From SEK 599           SEK 5004              88%
PARIS                 4TH APRIL 03          From SEK 699           SEK 7774              91%



Announcing details of the 4th Continental European base in Stockholm today,
Ryanair's Chief Executive, Michael O'Leary said:


        'Thanks to Ryanair, and Stockholm Skavsta Airport, the SAS high fares
        monopoly in the Scandinavian market is at an end. Ryanair are breaking
        the monopoly of SAS in the Scandinavian markets of Norway, Finland,
        Sweden and Denmark - with choice and low fares which will save consumers
        over 85% on the SAS high fares. For years, visitors to Stockholm and
        Swedish consumers have had to put up with SAS's high air fares, but this
        monopoly ends on 4th April 2003.

        'Now there will be a choice of air fares and daily scheduled flights not
        only to London and Frankfurt, but also to Oslo, Glasgow, Aarhus, Paris,
        Tampere and Hamburg - and guaranteed at the lowest air fares - 85%
        saving on the high fares charged by SAS. These fares are only available
        at Europe's largest travel website, www.ryanair.com, and we would urge
        people to book early as seats at these prices will sell out quickly.

        'These routes will be operated by 4 of Ryanair's brand new Boeing
        737-800 aircraft, and recruitment and training will shortly get underway
        of 100 people in time for the base launch on 4th April 2003.

        'Our passenger numbers have grown rapidly at Stockholm Skavsta Airport
        since we began flying in June 1997. With these new routes and our base
        investment, traffic growth at Stockholm Skavsta Airport will explode'.

Welcoming Ryanair's announcement of Stockholm Skavsta Airport as its new base,
Dot Gade Kulovuori, Manager Director of Skavsta Airport said:


        'Ryanair have been firm supporters of Stockholm Skavsta Airport for 5
        years, and together we have seen passenger numbers increase year on
        year.

        'We are delighted that Ryanair share our ambitious plans for Stockholm
        Skavsta and today's announcement and the new routes, will bring even
        greater choice and low fares to the people of Stockholm, as well as
        benefiting the local economy with in coming visitors and jobs.'

Ends.                                   Tuesday, 28th January 2003

For further information:

Paul Fitzsimmons                        Pauline McAlester

Ryanair                                 Murray Consultants

Tel: [phone]                   Tel: [phone]







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