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Captain Ed Martin, from the Royal Engineers, said Capt Holloway, who was killed while on operations east of Kabul two days before Christmas was an "inspiration to others".
"There was never a second wasted with Rich, he always had a plan and made the most of every day," he said.
Capt Holloway, who was best man at Capt Martin's wedding earlier this year "lived life to the full and was an inspiration to others to do the same," he added.
"I have never met a more trustworthy, loyal or dedicated friend, he had humility in spades and I would have followed him anywhere.
Capt Holloway's death took the number of UK service members who have lost their lives since operations in Afghanistan began in October 2001 to 447 and was the ninth this year.
Captain Richard Holloway, who died as a result of enemy fire while on operations east of Kabul two days before Christmas, has been described as an "exceptional young man."
He leaves behind parents Jaquie and Neil, brother Luke and girlfriend Sandy. In a statement, his family said:
"Our son Richard was an exceptional young man, a perfectionist in everything he did and a loyal brother and friend, who embraced life to the full.
"He was a dedicated and totally committed member of the armed forces, relishing the excitement and challenge but always serious and reflective about his duties and responsibilities to those with whom he served.
"Wherever the action was, he wanted to be part of it - and that is where our beloved son, of whom we are so very proud, lost his life."
A soldier from the Royal Engineers who was killed in action in Afghanistan two days before Christmas Day was "an exceptional young man" who "embraced life to the full", his family said.
Captain Richard Holloway, 29, from County Durham, was named by the Ministry of Defence (MoD) today after he was killed as a result of enemy fire while on operations east of Kabul on December 23.
A solider who was killed in action in Afghanistan on December 23 was today named by the Ministry of Defence as Captain Richard Holloway of the Royal Engineers.