ROBERTA NERI TO STEP DOWN FROM RYANAIR HOLDINGS PLC
BOARD FROM SEPT 2024

The Board of Ryanair Holdings PLC today (Fri 30 Aug) announced that it has been notified by Roberta Neri, an Italian Non-Exec Director, that she plans to step down from the Board from 1 Sept next to avoid any appearance of a conflict of interest. Ms Neri is an Operating Partner at Asterion Industrial Partners, a Spanish investment fund focusing on European infrastructures, which has recently announced plans to make an equity investment in a number of larger Italian airports from Oct 2024. Ryanair is one of the main customer airlines operating to/from many of these airports. In order to avoid any appearance of a conflict of interest, Ms Neri has advised the Board that she does not feel it would be appropriate to continue as a NED of Ryanair while at the same time holding her operating partner role with an investment fund which owns a significant stake in a number of these Italian Airports. 

Ryanair has accepted Ms Neri's decision - with regret - but agrees with her views on this issue.

Ryanair's Chairman Stan McCarthy said:

"I wish to thank Roberta sincerely for her contribution to the Board of Ryanair over the last 8 months. When she joined Ryanair in Feb 2024, she was already an operating partner to Asterion, which is a large infrastructure fund. While Asterion did not previously have any investments in Italian Airports, this is likely to change from Oct next when Asterion are set to make a significant investment in a number of Italian Airports. We agree with Roberta's view on the importance of avoiding any appearance of conflict of interest and in these circumstances, we accept, with regret, Roberta's decision to step down as an NED of Ryanair from 1 Sept 2024."

ENDS
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