Holding(s) in Company

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

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

[] 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:

Morgan Stanley

City and country of registered office (if applicable):

Wilmington, Delaware, USA

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

5. Date on which the threshold was crossed or reachedvi: 12/08/2024

6. Date on which issuer notified: 14/08/2024

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

0.05%

2.98%

3.03%

1,114,859,031

Position of previous notification (if applicable)

Below 3%

Below 3%

Below 3%

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

531,387

0.05%

SUBTOTAL A

531,387

0.05%

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

Call Option (Physically Settled)

16/08/2024

at any time

3,000

0.00%

Call Option (Physically Settled)

20/09/2024

at any time

500

0.00%

Call Option (Physically Settled)

20/12/2024

at any time

1,000

0.00%

Right of recall over securities lending agreements

at any time

at any time

3,585,535

0.32%

SUBTOTAL B.1

3,590,035

0.32%

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

Equity Swap

14/02/2025

at any time

Cash

9,486,307

0.85%

Equity Swap

24/02/2025

at any time

Cash

17,994,036

1.61%

Equity Swap

19/03/2025

at any time

Cash

61,685

0.01%

Equity Swap

05/05/2025

at any time

Cash

586,345

0.05%

Equity Swap

12/05/2025

at any time

Cash

285,205

0.03%

Equity Swap

30/06/2025

at any time

Cash

29,512

0.00%

Equity Swap

20/05/2026

at any time

Cash

668,650

0.06%

Equity Swap

05/06/2026

at any time

Cash

230,105

0.02%

Equity Swap

06/08/2026

at any time

Cash

218,755

0.02%

Put Option (Physically Settled)

16/08/2024

At any time

Physical

2,500

0.00%

Put Option (Physically Settled)

20/09/2024

at any time

Physical

120,000

0.01%

Put Option (Physically Settled)

20/12/2024

At any time

Physical

1,000

0.00%

Retail Structured Product

12/02/2069

at any time

Cash

2

0.00%

Retail Structured Product

11/02/2072

at any time

Cash

83

0.00%

Retail Structured Product

02/02/2074

at any time

Cash

257

0.00%

SUBTOTAL B.2

29,684,442

2.66%

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

Morgan Stanley

Morgan Stanley Capital Management, LLC

Morgan Stanley Domestic Holdings, LLC

Morgan Stanley Capital Services LLC

Morgan Stanley

Morgan Stanley Capital Management, LLC

Morgan Stanley & Co. LLC

Morgan Stanley

Morgan Stanley International Holdings Inc.

Morgan Stanley International Limited

Morgan Stanley Investments (UK)

Morgan Stanley & Co. International plc

Morgan Stanley

Morgan Stanley Capital Management, LLC

Morgan Stanley & Co. LLC

Prime Dealer Services Corp.

Morgan Stanley

Morgan Stanley Capital Management, LLC

Morgan Stanley Latam LLC

Morgan Stanley

Morgan Stanley Capital Management, LLC

Morgan Stanley Smith Barney 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: