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: 16/08/2021

6. Date on which issuer notified: 18/08/2021

7. Threshold(s) that is/are crossed or reached: Below 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

0.41%

5.57%

5.98%

1,128,585,028

Position of previous notification (if applicable)

0.42%

5.58%

6.001%

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

4,332,783

0.38%

US7835132033

252,441

0.02%

SUBTOTAL A

4,585,224

0.41%

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

348,013

0.03%

Call Option

18/03/2022

50,000

0.004%

Call Option

17/12/2021

21,000

0.002%

SUBTOTAL B.1

419,013

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

24/08/2021

Cash

 9,999,947

0.89%

Swap

23/09/2021

Cash

 8,537,075

0.76%

Swap

09/09/2021

Cash

 7,500,937

0.66%

Swap

07/09/2021

Cash

 6,000,627

0.53%

Swap

06/09/2021

Cash

 6,000,596

0.53%

Swap

08/11/2021

Cash

 5,999,968

0.53%

Swap

28/09/2021

Cash

 5,876,669

0.52%

Swap

27/09/2021

Cash

 4,555,487

0.40%

Swap

19/08/2021

Cash

 4,000,075

0.35%

Swap

11/11/2021

Cash

 3,501,839

0.31%

Swap

28/07/2031

Cash

 113,535

0.01%

Put Option

17/09/2021

Physical

 50,000

0.004%

Swap

15/04/2031

Cash

 55,509

0.005%

Swap

27/07/2022

Cash

 34,679

0.003%

Put Option

17/12/2021

Physical

 25,000

0.002%

Swap

25/11/2030

Cash

 19,461

0.002%

Swap

07/03/2029

Cash

 18,529

0.002%

Swap

26/02/2026

Cash

 17,545

0.002%

Swap

24/06/2026

Cash

 17,067

0.002%

Swap

19/10/2021

Cash

 16,324

0.001%

Swap

14/07/2026

Cash

 16,020

0.001%

Swap

21/05/2031

Cash

 15,597

0.001%

Swap

19/03/2024

Cash

 12,400

0.001%

Swap

25/11/2030

Cash

 9,624

0.001%

Swap

24/03/2031

Cash

 8,000

0.001%

Swap

17/06/2024

Cash

 6,639

0.001%

Swap

27/09/2024

Cash

 6,310

0.001%

Swap

04/07/2022

Cash

 4,500

0.0004%

Swap

17/12/2030

Cash

 4,273

0.0004%

Swap

03/06/2031

Cash

 3,384

0.0003%

Swap

27/07/2022

Cash

 2,321

0.0002%

Swap

24/06/2026

Cash

 1,705

0.0002%

Swap

05/05/2031

Cash

 1,400

0.0001%

Swap

24/06/2026

Cash

 1,359

0.0001%

Swap

17/12/2030

Cash

 1,346

0.0001%

Swap

17/12/2030

Cash

 1,240

0.0001%

Swap

17/12/2030

Cash

 1,210

0.0001%

Swap

09/06/2031

Cash

 900

0.0001%

Swap

24/06/2026

Cash

 869

0.0001%

Swap

13/08/2031

Cash

 706

0.0001%

Swap

18/08/2031

Cash

 500

0.00004%

Swap

08/07/2022

Cash

 272

0.00002%

Swap

08/07/2022

Cash

 201

0.00002%

Swap

21/05/2031

Cash

 127

0.00001%

Swap

05/07/2022

Cash

 49

0.000004%

Swap

05/07/2022

Cash

 37

0.000003%

Swap

05/07/2022

Cash

 12

0.000001%

Swap

04/09/2022

Cash

 11

0.000001%

Swap

01/03/2022

Cash

 2

0.0000002%

SUBTOTAL B.2

62,441,882

5.53%

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

5.56%

5.95%

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.

Goldman Sachs Bank USA

Goldman Sachs Bank Europe SE

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