Offer & Placement Pricing

easyJet PLC
2 November 2001



Embargoed till 06:59 2 November 2001

 Not for release, distribution or publication in whole or in part in or into
                the United States, Canada, Japan or Australia



                                 easyJet plc

      EASYJET ANNOUNCES THE SUCCESSFUL PRICING OF PLACING AND OPEN OFFER

 Following successful completion of a competitive bookbuilding exercise on 1
 November 2001, easyJet plc ('easyJet') (LSE: EZJ), the fast-growing low cost
 airline, today announces that the price at which Ordinary Shares have been
 placed with investors in the Placing, and at which Ordinary Shares will be
 offered to Qualifying Shareholders under the Open Offer, is 375 pence per
                          share (the 'Offer Price').

The Offer Price represents:

  * a discount of 2.0% to the closing mid market price of 382.5 pence on 1
    November 2001; and
  * a premium of 3.3% to the closing mid market price of 363 pence on 26
    October 2001, the last business day prior to the announcement of the
    results of easyJet for the year ended 30 September 2001 and the Placing
    and Open Offer.

Under the Placing, the Managers have placed 39,032,258 Ordinary Shares with
leading institutional investors worldwide including investors in the United
States pursuant to a private placement under Rule 144A. Institutional interest
in the Placing was high.

Of these 39,032,258 shares, 6,500,000 new Ordinary Shares were placed on
behalf of easyJet and 32,532,258 existing Ordinary Shares were placed on
behalf of easy Group Limited ('easyGroup'), a company indirectly owned by
Stelios Haji-Ioannou, the Chairman of easyJet. The shares sold by easyGroup
include 19,532,258 Ordinary Shares which represent the number of new Ordinary
Shares which are the subject of the Open Offer. easyGroup has undertaken to
use the proceeds of its sale of these shares in the Placing to subscribe
without charge for any new Ordinary Shares not taken up by Qualifying
Shareholders in the Open Offer. easyGroup will subscribe for between
13,993,276 new Ordinary Shares and 19,532,258 new Ordinary Shares under the
Open Offer, depending on the level of take up by Qualifying Shareholders. The
net reduction in the shareholding of easyGroup at the completion of the
Placing and Open Offer will therefore be between 13,000,000 and 18,538,982
Ordinary Shares.

At the Offer Price, the net proceeds that will be raised by easyJet resulting
from the Placing and Open Offer will be approximately £93.3 million.

Stelios Haji-Ioannou commented:

'We are delighted by the high level of interest and support that has been
shown by new and existing investors in easyJet, especially in such challenging
market conditions. The proceeds of the Placing and Open Offer will enable us
to take advantage of any possible opportunities for further expansion in the
European short haul airline market that may arise, to further strengthen our
balance sheet and to help fund in part our new aircraft purchases.'

The Placing is conditional as described in the Circular dated and published on
29 October 2001. It is expected that conditional dealings in the Ordinary
Shares the subject of the Placing will commence on the London Stock Exchange
at 8:00am today and unconditional dealings in these shares will commence at 8:
00am on or about 7 November 2001, following payment from investors allocated
shares in the Placing.

The Open Offer will close at 3:00pm on 20 November 2001. Unconditional
dealings in the new Ordinary Shares the subject of the Open Offer are expected
to commence on or about 21 November 2001.

Credit Suisse First Boston and UBS Warburg are acting as joint lead managers
and joint bookrunners of the Placing and Open Offer.

Words and expressions defined in the Circular shall bear the same meanings as
in this document.

Enquiries:

easyJet

Ray Webster                [phone]

Chris Walton               [phone]



Credit Suisse First Boston

Richard Crawley            [phone]



UBS Warburg

Nic Hellyer                [phone]



Press Enquiries

Toby Nicol, easyJet        [phone]

Charles Cook, Grandfield   [phone]

Clare Abbot, Grandfield    [phone]

This announcement has been issued by and is the sole responsibility of easyJet
and has been approved solely for the purposes of s 57 of The Financial
Services Act 1986 by Credit Suisse First Boston and UBS Warburg each of which
is regulated in the UK by The Financial Services Authority. Credit Suisse
First Boston and UBS Warburg are acting exclusively for easyJet in connection
with the placing and open offer and neither is advising nor treating as a
client any other person and, accordingly, will not be responsible to anyone
other than to easyJet for providing the protections afforded to clients of
Credit Suisse First Boston and UBS Warburg or for providing advice in relation
to the contents of this announcement. This press release is not for
distribution in Canada, Australia or Japan. It does not constitute an offer of
securities for sale in Canada, Australia or Japan. Neither this announcement
nor any copy of it may be taken or transmitted into the United States of
America, its territories or possessions, or distributed, directly or
indirectly, in the United States of America, its territories or possessions.
Any failure to comply with this restriction may constitute a violation of
United States securities laws. This announcement is not an offer of securities
for sale in the United States. THE SECURITIES HAVE NOT BEEN REGISTERED UNDER
THE US SECURITIES ACT AND WILL NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EXEMPTION FROM OR IN A TRANSACTION NOT SUBJECT TO THE REGISTRATION
REQUIREMENTS OF THE US SECURITIES ACT.