RESPONSE TO AL CFI APPEAL

Ryanair Holdings PLC
19 November 2007



                   Ryanair responds to Aer Lingus CFI appeal


Ryanair, today (Monday, 19th November 2007) dismissed the Aer Lingus
announcement of its intention to submit an appeal to the European Court of First
Instance seeking to force Ryanair to dispose of its 29% shareholding in Aer
Lingus plc.

The European Commission has already confirmed that since Ryanair has neither de
facto nor de jure control over Aer Lingus, there are no legal grounds for such a
compulsory disposal. Ryanair's lack of control or indeed even our influence over
Aer Lingus was recently highlighted by the two separate refusals by the Aer
Lingus Board to hold an EGM at the request of Ryanair to allow shareholders to
consider Aer Lingus's abandonment of its profitable Shannon-Heathrow route.
Ryanair has no doubt that this appeal will be dismissed.

Speaking today, Ryanair's Head of Communications, Peter Sherrard said:

        'This appeal would seem to be another smokescreen from the Board of Aer
        Lingus to distract from its awful performance over the past 12 months.
        Aer Lingus's share price closed last week at €2.15, almost 25% lower
        than Ryanair's €2.80 offer in October last year, and some 5c per share
        less than Aer Lingus's original float price in September 2006.

        'It is clear that the market has little faith in the Board of Aer
        Lingus, who last year advised shareholders to reject an offer of €2.80,
        but have presided over the withdrawal of its Dubai route, a succession
        of labour problems and the collapse in its share price

        'Perhaps if the Board of Aer Lingus spent more time improving the
        management of the airline and its share price, they wouldn't have to
        waste time worrying about Ryanair's minority shareholding'.

Ends.                                     Monday, 19th November 2007

For reference: Peter Sherrard - Ryanair   Pauline McAlester - Murray Consultants

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