Ryanair Holdings plc (ISE:RYA) commences share repurchases on May 21, 2024, under the program mandated by the shareholders in the Annual General Meeting held on September 14, 2023. As per the mandate, the company is authorized to repurchase up to 113,893,453 shares, representing 10% of its issued share capital. The maximum price at which Ordinary Shares traded on Euronext Dublin could be repurchased would be the higher of 5% above the average market value of the Company?s Ordinary Shares on the trading venue where the shares are being repurchased for the five business days prior to the date of purchase and the price stipulated by the European Commission Delegated Regulation being the higher of the last independent trade and the highest current independent bid on the trading venue on which the shares are being repurchased.

The maximum price at which Ordinary Shares which underlie the Company?s ADSs which are traded on NASDAQ could be repurchased would be 5% above one-fifth of the average market value of the Company?s ADSs on NASDAQ for the five business days prior to the date of purchase. The minimum price at which Ordinary Shares could be repurchased would be ?0.006 per share. Any ADSs purchased will be converted to Ordinary Shares and cancelled, as will Ordinary Shares repurchased and the number of Ordinary Shares in issue will reduce accordingly.

The authority shall expire at the earlier of the date of the AGM of the Company in 2024 or 15 months from the date of the passing of this Resolution. As of September 14, 2023, the company had 1,138,934,528 shares issued.