Re: Holding in Company

Ryanair Holdings PLC
27 August 2003


Ryanair Holdings plc

27 August 2003

Re: Holding in Company

A Letter from Fidelity Investments dated August 22, 2003 to Ryanair Holdings
plc.

ENCLOSED ARE AMENDED NOTIFICATIONS OF DISCLOSABLE INTERESTS UNDER THE IRISH
COMPANIES ACT1990. 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 Chemlen
Sr. COMPLIANCE SPECIALIST
FEDELITY INVESTMENTS

AMENDMENT #15


NOTIFICATIONS UNDER SECTIONS  SECTION 67 - IRISH COMPANIES ACT


1. COMPANY IN WHICH SHARES ARE HELD:  RYANINAIR 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),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, OR UNDER SECTION 203 OF THE ACT RESPECTIVELY.

ERIC D. ROITER
SENIOR V.P AND GENERAL COUNSEL - FMR CO.
DULY AUTHORIZED UNDER POWERS OF
ATTORNEY DATED DECEMBER 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 # 15

SECURITY: RYANAIR HOLDING PLC


(ORDINARY SHARES)           SHARES HELD                MANAGEMENT COMPANY          NOMINEE/REGISTERED NAME
                            428,986                    FPM                         Bankers Trust
                            38,231                     FPM                         MSS Nominees Ltd
                            15,680                     FIL                         MSS Nominees Ltd
                            1,081,170                  FIL                         Chase Nominees Ltd
                            64,793                     FIL                         RBS Trust Bank
                            69,630                     FIL                         Northern Trust
                            18,125                     FIL                         Bankers Trust
Total Ordinary Shares       1,716,615

The following number of ordinary shares held is based on the assumed conversion
of 21,012,150 ADRs (5 ordinary shares for each ADRs)

    (ORDINARY SHARES)          SHARES HELD          MANAGEMENT COMPANY        NOMINEE/REGISTERED NAME
                                 357,000                   FMRCO           State Street Nominees Limited
                                6,253,000                  FMRCO               Chase Nominees Limited
                                92,962,785                 FMRCO                        HSBC
                                  2,250                    FMRCO                        BBH
                                  88,715                   FMRCO                  JP Morgan Chase
                                 784,500                   FMTC              State Street Bank & Trust
                                 757,500                   FMTC                  Chase Nominees Ltd
                                  61,000                   FMTC              State Street Nominees Ltd
                                3,794,000                  FISL             Chase Manhattan Bank London
       Total ADR's             105,060,750
Total Ordinary Shares +        106,777,365
ARD's:
    Current ownership             14.16%
       percentage:
    Shares in issue:           754,316,101



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



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