Schedule 11

RNS Number : 5423U

Ryanair Holdings PLC

25 June 2009

SCHEDULE 11

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility and Connected Persons

This form is intended for use by an issuer to make a RIS notification required by the Market Abuse Rules and section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990.

(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete the boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

All relevant boxes should be completed in block capital letters

1	Name of the Issuer Ryanair Holdings plc	2	State whether the notification relates to: (i) a transaction notified in accordance with Market Abuse Rules; (ii) a disclosure made in accordance with section 53 (as extended by section 64 of the Companies Act 1990) or entered into the issuer's register in accordance with section 59 of the Companies Act 1990; or (iii) both (i) and (ii). Notification made in accordance with (i) and (ii) above
3	Name of person discharging managerial responsibilities/director David Bonderman	4	State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person Notification relates to 1985 Bonderman Children's Trust (which is connected to Mr. Bonderman)
5	Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Notification in respect of entity at 4 above	6	Description of shares (including class) debentures or derivatives or financial instruments relating to shares Ryanair Holdings plc ordinary shares
7	Name of registered shareholder(s) and, if more than one, number of shares held by each of them 1985 Bonderman Children's Trust	8	State the nature of the transaction Disposal
9	Number of shares, debentures or financial instruments relating to shares acquired Not applicable	10	Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) Not applicable
11	Number of shares, debentures or financial instruments relating to shares disposed 75,391	12	Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) 0.005%
13	Price per share or value of transaction €3.35	14	Date and place of transaction 24 June 2009
15	Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 1985 Bonderman Children's Trust now holds 0.73%. Mr. Bonderman and persons connected with him now hold 0.93% (including the above holding of 1985 Bonderman Children's Trust).	16	Date issuer informed of transaction 25 June 2009

If a person discharging managerial responsibilities has been granted options by the issuer, complete the following boxes:

17	Date of grant	18	Period during which or date on which it can be exercised
19	Total amount paid (if any) for grant of the option	20	Description of shares or debentures involved (class and number)
21	Exercise price (if fixed at time of grant) or indication that the price is to be fixed at the time of exercise	22	Total number of shares or debentures over which options are held following notification
23	Any additional information	24	Name of contact and telephone number for queries