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

[ ] 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: 22/10/2020

6. Date on which issuer notified: 26/10/2020

7. Threshold(s) that is/are crossed or reached: Above 3%

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

3.12%

3.19%

6.31%

1,125,292,028

Position of previous notification (if applicable)

3.07%

3.20%

6.27%

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

33,842,730

3.01%

US7835132033

1,266,910

0.11%

SUBTOTAL A

35,109,640

3.12%

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

854,922

0.08%

Swap

21/01/2021

9,999,967

0.89%

Swap

26/10/2020

  4,999,951

0.44%

SUBTOTAL B.1

15,854,839

1.41%

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

09/06/2021

Cash

 7,502,175

0.67%

Swap

28/09/2021

Cash

 5,882,834

0.52%

Swap

27/09/2021

Cash

 4,557,506

0.41%

CFD

30/09/2030

Cash

 607,403

0.05%

CFD

30/09/2030

Cash

 224,634

0.02%

CFD

14/10/2030

Cash

 173,227

0.02%

CFD

20/10/2023

Cash

 141,892

0.01%

CFD

30/09/2030

Cash

 116,890

0.01%

CFD

25/10/2021

Cash

 89,999

0.01%

CFD

30/09/2030

Cash

 85,355

0.01%

CFD

23/10/2023

Cash

 68,973

0.01%

CFD

29/04/2030

Cash

 68,402

0.01%

CFD

08/07/2030

Cash

 60,502

0.01%

CFD

19/08/2030

Cash

 59,366

0.01%

CFD

25/10/2021

Cash

 52,499

0.005%

CFD

25/10/2021

Cash

 47,500

0.004%

CFD

12/06/2030

Cash

 41,001

0.004%

CFD

28/05/2030

Cash

 37,601

0.003%

CFD

07/03/2029

Cash

 31,770

0.003%

CFD

24/03/2025

Cash

 29,681

0.003%

CFD

16/10/2030

Cash

 24,249

0.002%

CFD

25/09/2023

Cash

 15,958

0.001%

CFD

21/08/2030

Cash

 15,860

0.001%

CFD

15/04/2030

Cash

 11,916

0.001%

CFD

18/03/2030

Cash

 11,475

0.001%

CFD

21/08/2030

Cash

 10,947

0.001%

CFD

24/09/2030

Cash

 6,369

0.001%

CFD

02/05/2023

Cash

 5,831

0.001%

CFD

08/04/2030

Cash

 5,800

0.001%

CFD

24/03/2025

Cash

 4,953

0.0004%

CFD

27/09/2024

Cash

 4,287

0.0004%

CFD

25/09/2023

Cash

 3,990

0.0004%

Swap

17/11/2020

Cash

 3,671

0.0003%

CFD

15/10/2030

Cash

 3,600

0.0003%

Swap

19/11/2020

Cash

 3,543

0.0003%

CFD

24/03/2025

Cash

 3,155

0.0003%

CFD

30/09/2030

Cash

 2,475

0.0002%

CFD

30/07/2030

Cash

 2,471

0.0002%

CFD

30/09/2030

Cash

 2,224

0.0002%

CFD

23/02/2023

Cash

 2,008

0.0002%

CFD

21/08/2030

Cash

 1,352

0.0001%

CFD

21/08/2030

Cash

 1,077

0.0001%

CFD

21/08/2030

Cash

 1,057

0.0001%

Swap

15/01/2021

Cash

 964

0.0001%

CFD

30/07/2030

Cash

 960

0.0001%

CFD

07/10/2030

Cash

 953

0.0001%

CFD

30/07/2030

Cash

 783

0.0001%

CFD

07/10/2030

Cash

 748

0.0001%

CFD

30/09/2030

Cash

 745

0.0001%

CFD

31/07/2030

Cash

 667

0.0001%

CFD

22/10/2030

Cash

 600

0.0001%

Swap

08/07/2022

Cash

 585

0.0001%

Swap

05/07/2022

Cash

 482

0.00004%

CFD

25/09/2030

Cash

 431

0.00004%

Swap

04/09/2022

Cash

 84

0.00001%

Swap

17/05/2021

Cash

 13

0.000001%

Swap

04/09/2022

Cash

 3

0.0000003%

Swap

04/09/2022

Cash

 2

0.0000002%

Swap

04/09/2022

Cash

 2

0.0000001%

SUBTOTAL B.2

20,035,501

1.78%

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

3.01%

3.16%

6.17%

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