FY 2016 Results

Oil Hedge Update Q1 Q2 Q3 Q4 FY FY15 $945 $942 $960 $959 $950 *Based on Jet forward curve 19 May 2016 RYANAIR LOW FARES. MADE SIMPLE. FY16 $934 $935 $876 $828 $898 ✈ FY17 95% hedged @ $622 saves €430m (€200m after vol. growth) Lower fuel = lower fares FY17 $659 (95%) $652 (95%) $590 (95%) $567 (95%) $622 (95%) ✈ FY18 44% hedged @ $500 saves €250m (€160m after vol. growth)* FY18 $514 (73%) $494 (62%) $461 (30%) $500 (44%) 20

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