Ryanair Hold. Plc — M&A Activity 2011

Oct 12, 2011

RYANAIR.COM
THE LOW FARES AIRLINE

Corporate Head Office,
Dublin Airport,
County Dublin,
Ireland.
Telephone: +353 1 8121212
General Fax: +353 1 8121213
Sita: DUBHQFR
Website: www.ryanair.com

Department Fax Numbers
Finance: 01 8121373
Sales & Marketing: 01 8446625
Flight Operations: 01 8444404
Engineering: 01 8121338
Reservations: 01 6097902

Ab/MOL/10032

12th October, 2011

Mr Colm Barrington
Chairman
Aer Lingus plc
Dublin Airport
Co Dublin

Dear Colm,

I refer to my letter of 28th September and would appreciate an early reply.

As your share price continues to languish in the low 60c’s, your shareholders are entitled to expect some degree of urgency from you to address our proposals to reverse the catastrophic collapse in Aer Lingus’ share price under the current Board and Management in recent years. We would appreciate an urgent and detailed reply to these proposals which were submitted to you two weeks ago today.

Yours sincerely

Michael O’Leary
Chief Executive

Ryanair Ltd.,
Registered in Ireland No. 104547
V.A.T. REG. NO. 4749148U