Re: Press Speculation

Flybe Group plc

("Flybe")

Re: Press Speculation

Flybe Group plc ("Flybe") notes the press speculation relating to discussions it is having with Ryanair Holdings PLC ("Ryanair") in the context of the review by the European Commission of Ryanair's offer for Aer Lingus Group plc. Flybe confirms that it is in discussion with Ryanair about the possible transfer of a number of aircraft and operating routes as part of a package of concessions Ryanair has submitted to the European Commission. These discussions however, are non-binding and non-exclusive. Additionally, the discussions are also highly conditional given the status of Ryanair's offer, the uncertainty of the outcome of the Commission's deliberations and the expected lead times around any implementation of the proposed remedies.

23 January 2013

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