Re: Holding in Company

Ryanair Holdings PLC
19 October 2004

Ryanair Holdings plc



19 October 2004



Re: Holding in Company



A Letter from Fidelity Investments dated 15 October,2004 to Ryanair Holdings
plc, received by Ryanair Holdings plc on 18 October, 2004.



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.



Kerrie Barnett

Regulatory Reporting Analyst

FIL - Investment Compliance















AMENDMENT #18



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 # 18



SECURITY: RYANAIR HOLDING PLC




(ORDINARY SHARES)          SHARES HELD               MANAGEMENT COMPANY         NOMINEE/REGISTERED NAME
                           627,798                   FIL                        JP Morgan Total
                           3,990                     FIL                        MSS Nominees Ltd Total
                           32,370                    FIL                        Northern Trust Total
                           7,926                     FIL                        RBS Trust Bank
                           1,528                     FIL                        State Street Bank & Trust  Total
                           210,387                   FPM                        Bankers Trust Total
                           883,999                                              TOTAL Ordinary Shares



The following number of ordinary shares held is based on the assumed conversion
of 88,821,825 ADRs (5 ordinary shares for each ADRs)


  (ORDINARY SHARES)        SHARES HELD        MANAGEMENT COMPANY              NOMINEE/REGISTERED NAME
                            3,329,500                FISL                Chase Manhattan Bank London Total
                              1,500                 FMRCO                  Brown Brothers Harriman Total
                            21,788,500              FMRCO                            HSBC Total
                            55,587,785              FMRCO                Lloyds Bank Nominees Limited Total
                            2,947,050               FMRCO                        Mellon Bank Total
                            2,089,450                FMTC                         JP Morgan Total
                             261,500                 FMTC                        Mellon Bank Total
                             250,000                 FMTC                     Nortrust Nominees Total
                            2,314,000                FMTC                 State Street Bank & Trust Total
                             252,000                 FMTC                 State Street Nominees Ltd Total
                            88,821,285                                              TOTAL ADR's
Total Ordinary Shares       89,705,284
+ ARD's:
  Current ownership           11.89%
     percentage:
   Shares in issue:        754,316,100
  Change in holdings       (6,194,600)
 since last filling:
                         Ordinary shares





This announcement has been issued through the Companies Announcement Service of

                           the Irish Stock Exchange.








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