Fthr re Placing of Shares,etc

Ryanair Holdings PLC
9 March 2000

RYANAIR HOLDINGS PLC
PLACING OF SHARES


Further to the announcement made on 7 March 2000 Ryanair Holdings plc
('Ryanair' or the 'Company') announces the terms of the placing of ordinary
shares.

Ryanair confirms that it is issuing 14.3 million new ordinary shares at a
price of Euro 8 per share (the 'Placing Price') to raise approximately Euro
114.4 million before expenses. The new ordinary shares being issued will
represent approximately 4.3% of Ryanair's existing share capital.

As indicated in the announcement made on 7 March 2000, a total of 5 million
existing ordinary shares have been sold at the Placing Price on behalf of
Michael O'Leary, Chief Executive Officer of the Company.

Due to the strong level of demand for the ordinary shares, an additional 2.7
million existing ordinary shares have been sold at the Placing Price on behalf
of Irish Air GenPar L.P. 

In addition, the underwriters were granted an overallotment option of 3.3
million ordinary shares, comprising 1 million of new ordinary shares from the
Company, 1 million existing ordinary shares from Michael O'Leary and 1.3
million existing ordinary shares from Irish Air GenPar L.P.

As part of the arrangements relating to the Placing Ryanair has undertaken not
to issue further new ordinary shares for a period of 90 days following
completion of the placing.  In addition, Michael O'Leary, Irish Air GenPar
L.P. and members of the Ryan family have undertaken not to dispose of any
further ordinary shares in Ryanair for a period of 90 days following
completion of the placing.

All of the ordinary shares will be placed with Irish, UK and Continental
European institutions and will accordingly increase the percentage of
Ryanair's shares held in Europe.  

Ryanair will apply for the new ordinary shares to be listed on the Dublin
Stock Exchange and the London Stock Exchange.  It is expected that admission
of the new ordinary shares will become effective, and settlement of the
placing of the new and existing ordinary shares will be completed on 16 March
2000.

Morgan Stanley and Co. International Limited, Davy Stockbrokers and Goldman
Sachs acted as lead managers to the placing.


Note

This announcement shall not constitute an offer of securities for sale in the
United States.  Securities may not be offered or sold in the United States
absent a registration of such securities under the U.S. Securities Act of 1933
or an exemption from registration.  No public offering of these securities
will be made in the United States and no prospectus will be issued.  Any
public offering of securities in the United States will be made by means of a
prospectus that may be obtained from the issuer or selling shareholder and
that will contain detailed information about the company and its management, 
as well as financial statements.

Stabilisation / FSA


For further information
Please contact:


Ryanair
Howard Millar, Director of Finance

Murray Consultants
Pauline McAlester

Tel: [phone]
Tel: [phone]