RYA.L Regulatory News (RYA)

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Ryanair Holdings plc

LEI: 635400BR2ROC1FVEBQ56

2. Reason for the notification (please tick the appropriate box or boxes):

[X ] An acquisition or disposal of voting rights

[X] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name:

The Goldman Sachs Group, Inc.

City and country of registered office (if applicable):

Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA

4. Full name of shareholder(s) (if different from 3.)v: Goldman Sachs International

5. Date on which the threshold was crossed or reachedvi: 08/06/2021

6. Date on which issuer notified: 10/06/2021

7. Threshold(s) that is/are crossed or reached: Above 6%

8. Total positions of person(s) subject to the notification obligation:

% of voting rights attached to shares (total of 9.A)

% of voting rights through financial instruments(total of 9.B.1 + 9.B.2)

Total of both in % (9.A + 9.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

0.14%

5.87%

6.01%

1,128,272,028

Position of previous notification (if applicable)

0.14%

5.46%

5.60%

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

Indirect

Direct

Indirect

IE00BYTBXV33

1,283,025

0.11%

US7835132033

275,906

0.02%

SUBTOTAL A

1,558,931

0.14%

B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights

Securities Lending

Open

415,588

0.04%

Put Option

17/09/2021

50,000

0.004%

Call Option

17/12/2021

21,000

0.002%

SUBTOTAL B.1

486,588

0.04%

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash settlementxii

Number of voting rights

% of voting rights

Swap

23/09/2021

Cash

11,037,083

0.98%

Swap

24/08/2021

Cash

9,999,967

0.89%

Swap

09/06/2021

Cash

7,500,014

0.66%

Swap

07/09/2021

Cash

6,003,743

0.53%

Swap

06/09/2021

Cash

6,003,704

0.53%

Swap

06/08/2021

Cash

5,999,980

0.53%

Swap

28/09/2021

Cash

5,876,115

0.52%

Swap

27/09/2021

Cash

4,554,767

0.40%

Swap

19/08/2021

Cash

4,002,047

0.35%

Swap

11/08/2021

Cash

3,501,565

0.31%

CFD

31/03/2031

Cash

907,515

0.08%

CFD

13/11/2023

Cash

70,869

0.01%

CFD

19/05/2031

Cash

44,161

0.004%

CFD

12/05/2031

Cash

33,053

0.003%

CFD

21/05/2031

Cash

29,471

0.003%

CFD

26/02/2026

Cash

28,820

0.003%

CFD

13/11/2023

Cash

17,717

0.002%

CFD

19/03/2024

Cash

12,395

0.001%

CFD

19/07/2021

Cash

12,388

0.001%

CFD

25/11/2030

Cash

8,761

0.001%

CFD

15/04/2031

Cash

7,630

0.001%

CFD

28/05/2024

Cash

7,095

0.001%

CFD

13/05/2026

Cash

5,800

0.001%

CFD

25/11/2030

Cash

5,024

0.0004%

CFD

19/05/2031

Cash

4,784

0.0004%

CFD

03/06/2031

Cash

4,649

0.0004%

Swap

05/07/2021

Cash

4,500

0.0004%

CFD

09/06/2031

Cash

4,396

0.0004%

CFD

19/05/2031

Cash

4,372

0.0004%

CFD

27/09/2024

Cash

4,365

0.0004%

CFD

17/12/2030

Cash

3,869

0.0003%

CFD

19/05/2031

Cash

3,817

0.0003%

CFD

09/06/2031

Cash

2,866

0.0003%

CFD

15/04/2031

Cash

2,433

0.0002%

CFD

03/03/2031

Cash

1,603

0.0001%

CFD

19/05/2031

Cash

1,552

0.0001%

CFD

19/05/2031

Cash

1,315

0.0001%

CFD

17/12/2030

Cash

1,204

0.0001%

CFD

17/12/2030

Cash

1,125

0.0001%

CFD

26/05/2031

Cash

1,125

0.0001%

CFD

17/12/2030

Cash

1,076

0.0001%

CFD

05/05/2031

Cash

800

0.0001%

CFD

26/05/2031

Cash

667

0.0001%

CFD

24/03/2031

Cash

600

0.0001%

CFD

26/05/2031

Cash

356

0.00003%

Swap

08/07/2022

Cash

255

0.00002%

Swap

05/07/2022

Cash

107

0.00001%

CFD

26/05/2031

Cash

72

0.00001%

CFD

26/05/2031

Cash

70

0.00001%

CFD

21/05/2031

Cash

20

0.000002%

CFD

26/05/2031

Cash

17

0.000002%

Swap

04/09/2022

Cash

10

0.000001%

Swap

01/03/2022

Cash

2

0.0000002%

SUBTOTAL B.2

65,721,711

5.82%

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[X] Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

The Goldman Sachs Group, Inc.

Goldman Sachs (UK) L.L.C.

Goldman Sachs Group UK Limited

Goldman Sachs International

5.86%

5.97%

The Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC

The Goldman Sachs Group, Inc.

GSAM Holdings LLC

Goldman Sachs Asset Management, L.P.

The Goldman Sachs Group, Inc.

Folio Financial, Inc.

Folio Investments Inc.

The Goldman Sachs Group, Inc.

IMD Holdings LLC

United Capital Financial Partners, Inc.

United Capital Financial Advisers, LLC

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

12. Additional informationxvi:

Please note, the total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

General email contact:

gs-regops-emea-position-enquiries@gs.com