Holding in Company

Ryanair Holdings PLC
27 January 2005

Ryanair Holdings plc



27 January 2005



Re: Holding in Company



A Letter from Fidelity Investments dated 26 January 2005 to Ryanair Holdings
plc, received by Ryanair Holdings plc on 27 January 2005.



Section 67, Companies Act 1990

Notice of Interest in Voting Shares







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.



Amanda Phillips

Regulatory Reporting Analyst

FIL - Investment Compliance















AMENDMENT #23



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.



Rani Jandu

REGULATORY REPORTING MANAGER, FIL - INVESTMENT COMPLIANCE

DULY AUTHORIZED UNDER POWERS OF

ATTORNEY DATED AUGUST 25, 2004 BY ERIC D. ROTTER

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 # 23



SECURITY: RYANAIR HOLDING PLC




(ORDINARY SHARES)          SHARES HELD               MANAGEMENT COMPANY         NOMINEE/REGISTERED NAME
                           3,990                     FIL                        Bank of New York Brussels Total
                           627,798                   FISL                       JP Morgan, Bournemouth Total
                           40,296                    FPM                        Bank of New York Brussels Total
                           1,528                     FPM                        State STR BK and TR CO LNDN (S
                                                                                Total)
                           673,612                                              Grand Total Ordinary Shares





The following number of ordinary shares held is based on the assumed conversion
of 16,197,557 ADRs (5 ordinary shares for each ADRs)


  (ORDINARY SHARES)        SHARES HELD        MANAGEMENT COMPANY              NOMINEE/REGISTERED NAME
                              19,500                 FIJ                  Japan Trustee SVCS BK Ltd Total
                              73,000                 FIJ                  Master Trust Bank of Japan Total
                              43,500                 FIL                    Brown Bros Harriman Ltd LUX
                            3,484,500                FIL                    JP Morgan, Bournemouth Total
                            56,595,285              FMRCO               Brown Brothers Harriman and Co Total
                            2,424,000               FMRCO                        Citibank NA Total
                            7,725,000               FMRCO                    JP Morgan Chase Bank Total
                            4,524,050               FMRCO                       Mellon Bank NA Total
                             368,500                FMRCO                State Street Bank and TR Co Total
                              5,000                  FMTC               Brown Brothers Harriman and Co Total
                            1,799,950                FMTC                    JP Morgan Chase Bank Total
                             294,500                 FMTC                       Mellon Bank NA Total
                             239,000                 FMTC                     Northern Trust Co Total
                            3,392,000                FMTC                State Street Bank and TR CO Total
                            80,987,785                                         Grand Total ARD Shares
Total Ordinary Shares       81,661,397
+ ARD's:
  Current ownership           10.83%
     percentage:
   Shares in issue:        754,316,084
  Change in holdings    (1,628,500) Shares
 since last filling:





This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.








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