Ryanair Hold. Plc

Major Shareholding Notification • Jun 3, 2022

Standard Form TR-1

Standard form for notification of major holdings

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):
[ ] 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:		City and country of registered office (if applicable):
The Goldman Sachs Group, Inc. 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: 31/05/2022
6. Date on which issuer notified:	02/06/2022
7. Threshold(s) that is/are crossed or reached: The 7% threshold was crossed within voting rights
through financial instruments by Goldman Sachs International individually.
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	0.30%	7.28%	7.58%	1,134,528,528
Position of previous 0.21% 7.01% 7.21% notification (if applicable)

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

Class/type of shares	Number of voting rightsix		% of voting rights
ISIN code (if possible)	Direct	Indirect	Direct	Indirect
IE00BYTBXV33		3,109,241		0.27%
US7835132033		262,291		0.02%
SUBTOTAL A		3,371,532		0.30%

B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights
Securities Lending	Open		156,734	0.01%
Future	17/06/2022		15,999,107	1.41%
		SUBTOTAL B.1	16,155,841	1.42%

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex	Exercise/ Conversion Period xi	Physical or cash settlementxii	Number of voting rights	% of voting rights
Swap	11/07/2022		Cash	12,502,104	1.10%
Swap	18/07/2022		Cash	9,501,928	0.84%
Swap	30/08/2022		Cash	8,597,741	0.76%
Swap	12/07/2022		Cash	7,001,213	0.62%
Swap	11/07/2022		Cash	7,001,178	0.62%
Swap	23/09/2022		Cash	5,374,689	0.47%

Swap	23/08/2022	Cash	4,001,615	0.35%
Swap	28/09/2022	Cash	3,443,244	0.30%
Swap	25/08/2022	Cash	2,501,057	0.22%
Swap	18/08/2022	Cash	2,000,773	0.18%
Swap	17/08/2022	Cash	2,000,738	0.18%
Put Option	17/06/2022	Physical	1,130,000	0.10%
Swap	17/05/2032	Cash	370,147	0.03%
Swap	27/07/2022	Cash	206,210	0.02%
Swap	19/05/2032	Cash	203,957	0.02%
Swap	05/04/2027	Cash	122,562	0.01%
Swap	16/02/2032	Cash	88,444	0.01%
Swap	20/10/2026	Cash	83,341	0.01%
Swap	05/04/2027	Cash	67,364	0.01%
Swap	18/03/2024	Cash	60,792	0.01%
Swap	25/05/2032	Cash	58,616	0.01%
Swap	05/04/2027	Cash	48,214	0.004%
Swap	17/05/2032	Cash	27,189	0.002%
Swap	19/05/2025	Cash	22,298	0.002%
Swap	31/05/2032	Cash	13,199	0.001%
Swap	09/03/2023	Cash	10,652	0.001%
Swap	05/04/2027	Cash	10,336	0.001%
Swap	16/09/2025	Cash	10,301	0.001%
Swap	03/03/2032	Cash	7,897	0.001%
Swap	17/12/2030	Cash	6,802	0.001%
Swap	05/04/2027	Cash	6,307	0.001%
Swap	27/09/2024	Cash	5,559	0.0005%
Swap	17/12/2030	Cash	1,765	0.0002%

Swap	17/12/2030	Cash	1,655	0.0001%
Swap	03/06/2031	Cash	1,500	0.0001%
Swap	09/03/2023	Cash	535	0.00005%
		SUBTOTAL B.2	66,491,921	5.86%

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 the financial 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		7.25%	7.52%
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
The Goldman Sachs Group, Inc.
GSAM Holdings LLC
NNIP Holdings LLC
NNIP UK Holdings I Ltd
NNIP UK Holdings II Ltd
NNIP Holdings I B.V. / NNIP Holdings II B.V.
NN Investment Partners Holdings N.V.

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

Done at Warsaw on 02/06/2022