Low cost flights with Ryanair 48 NOK Sale* * for travel December, January , February - book till 22nd of November 10

The World’s Favourite Airline! Lowest Fares/Lowest Seat Cost in Europe No fuel surcharges….Guaranteed! No. 1 for Traffic growth - up to 73.5m pax No. 1 Coverage – 1,200+ Routes and 43 Bases No. 1 Cust Service - Best punctuality - Least lost bags - Fewest cancellations Greenest, Cleanest Airline in Europe 26th year of strong growth 2

No.1 for Lowest Fares Ryanair € 44 (-12%) easyJet Norwegian € 52 € 70 Av. Fare % > Ryanair Ryanair € 44 (-12%) easyJet Norwegian € 52 € 70 18% 60% Aer Lingus € 77 75% SAS €123 180% Lufthansa € 230 423% Air France British Airways € 284 545% Low High Source: RYA. FY2010 & Latest published Company Year end Information 3 3

No.1 for Customer Service Airline % On Time Bags miss. per 1,000 pax % completions Ryanair 93 0.4 99.6 SAS 86 9.1 98.9 Lufthansa 85 10.9 98.4 British Airways 83 15.6 97.9 Air France 18.9 96.9 Norwegian 81 RTP Source: RYA. FY2010 & Latest published Company Year end Information 4 4

Ryanair’s Traffic Growth 60 04 05 06 07 08 09 40 20 PAX Ms 00 11 5

Ryanair - The World’s Favourite Airline 43 bases 160 airports 27 countries 1,200+ routes 1,500+ daily dep. 254 B737-800’s Newest fleet (av 3yrs) 73.5m pax p.a. 6

Ryanair Effect – Scandinavia 2 bases 12 airports 136 routes 7m pax p.a. 7,000 jobs €200m savs p.a. No. 1 lowest fares

Ryanair Effect - Scandinavia PAX Ms

Ryanair Effect - Norway Launch’97 1 base 3 airports 49 routes 2.8m pax p.a. 2,800 jobs €75m savs p.a.

Ryanair Effect - Oslo Torp Launch Nov ‘97 13 routes 700k pax p.a. 700 jobs €20msavs p.a.

Ryanair Effect - Oslo Torp PAX M

Ryanair Effect - Oslo Rygge Launch Oct ’09 4 a/c 32 routes 2m pax p.a. 2000 jobs €52m savs p.a.

Ryanair Effect - Oslo PAX M

Ryanair Oslo – 45 routes - 41 destinations Frankfurt-Hahn (TRF) Gdansk Ibiza Kaunas Krakow La Rochelle Liverpool (TRF & RYG) London Gat London Stn (TRF&RYG) Madrid Malaga (TRF&RYG) Milan (TRF) Munich-West Newcastle Palermo Palma Paris Pescara (TRF) Pisa (TRF&RYG) Rome Riga Tallinn Tampere Trapani (TRF) Valencia Venice Wroclaw Zadar Aarhus Alicante (TRF) Alghero (TRF) Barcelona Barcelona-Girona (TRF) Berlin Beziers Bremen (TRF) Brussels Dublin Düsseldorf-Weeze Edinburgh (TRF) Faro l 14

Ryanair for business travellers

Ryanair for business travellers Ryanair Business Destinations from Oslo Rygge Destination Frequency Flight time (all times are local) London Gatwick daily, Thu&Sat&Sun 2x dly 11.20-12.30 (Thu 17.00-18.10/Sat 17.25-18.35 London Stansted 2x daily 7.00-8.10, 22.00-23.10 Madrid Mon, Wed, Fri 7.15-11.00 Paris (Beauvais) daily 6.30-8.30 (Sat 8.10-10.10, Sun 8.00-10.00) Rome Tue, Thu, Sat 10.30-13.45 Riga 10.55-13.30 Tallinn Mon, Wed, Sat 12.10-14.40 (Sat 17.25-19.55)

Why business travellers fly Ryanair Excellent punctuality record of 93% No strikes & 99.6% completion rate +70% of pax travel with hand luggage only Quick online check-in from office/home No queues/waiting at airport/straight to security Average fare of €44 – Norwegian & SAS can’t compare RYR 2011: 4 a/c 45 routes from Oslo, 2.8m pax Excellent business destinations: STN, BCN, MAD, FMM, SXF, LGW, CRL, DUB, NRN, BVA, LPL RYR Norwegian website launched Sept 2010 – easy booking 17

Current Issues - Norway EU consol/closures continues Jan-Sep ‘10 SAS  1%, RYR  13% SAS = strikes, hi fares & fuel surch – pax switch to RYR Ryanair – excellent customer service stats & no strikes Nor €70 (av fare), – can’t compete with RYR (€44) Nor 21% decline in rev p. Sep 2010 (Q2 loss NOK 134m) RYR Norwegian website launched Sept 2010 Remove Govt. Cap (21k flts) @ RYG – allow growth RYG 2011: 4 a/c, 32 routes, 2m pax p.a. 18

Ryanair – Summary Europe’s only lowest cost/lowest fare airline World’s No.1 intl sched airline 73.5m pax Strong growth to 2013 as comps consol, close, squable New airports and bases ready for +85m pax Return cash to s/holders as capex falls by 2013 LOWEST COST ALWAYS WINS – HIGH COST ALWAYS LOSES

*Travel in Dec, Jan, Feb – book by Monday, 22nd of Nov. Seat Sale @ 64NOK* *Travel in Dec, Jan, Feb – book by Monday, 22nd of Nov. 20