FTSE 100 Application

Ryanair Holdings PLC
11 September 2002


                  RYANAIR TO APPLY FOR FTSE 100 MEMBERSHIP TO

                 REPLACE BRITISH AIRWAYS WHICH HAS BEEN EJECTED


Ryanair, Europe's largest low fares carrier has today (Wednesday, 11th September
2002) written to the London Stock Exchange seeking admission to the FTSE 100
share index, to replace British Airways which has now been ejected.

Ryanair which is the second largest airline by passenger numbers operating to/
from the UK, and is the second largest airline in Europe by market capital
(currently STG£2,742m), a value that is almost twice that of British Airways.

Ryanair's application is rooted in the belief that there should be at least one
representative of the airline industry in the FTSE 100 index. Since Ryanair is
clearly Britain's favourite airline (Ryanair out carries British Airways
typically by a 2 to 1 ratio on most routes where they compete), therefore it is
clear that Ryanair by market capitalisation should be admitted to the FTSE 100
to replace British Airways.

Commenting on this application Ryanair's Financial Director, Howard Millar said;


    'Ryanair passed out British Airways' market capitalisation almost one year
    ago. Today Ryanair's market capital is almost twice that of British Airways,
    and growing. Over the next five years we plan to continue offering more and
    more low fares to British consumers and visitors, we intend to replace
    British Airways as the largest carrier of passengers to/from Britain and
    become the largest passenger airline in Europe.

    'As one of Europe's fastest growing and most profitable airlines, we believe
    Ryanair should be admitted to the FTSE 100 Index to replace British Airways
    which has been ejected'.

ENDS.                                             Wednesday, 11th September 2002

For further information please
contact:                                          Howard Millar
                                                  Ryanair
                                                  Tel. [phone]

                                                  Pauline McAlester
                                                  Murray Consultants
                                                  Tel. [phone]


                      This information is provided by RNS
            The company news service from the London Stock Exchange