Acquisition

Ricardo PLC
10 July 2002

                                                                    10 July 2002

                            Ricardo plc ('Ricardo')
                 Acquisition of Gemini Transmissions ('Gemini')


Ricardo, Europe's largest independent automotive engineering consultancy, has
boosted its growing motorsport capability by acquiring the operations of Gemini
Transmissions Limited ('Gemini') for a cash consideration of circa £3.4m.

Gemini, based at Brackley in Northamptonshire, employs 40 people and is an
excellent fit with Ricardo's existing motorsport activities, complementing and
strengthening Ricardo's technology and product offering. The site is in close
proximity to Ricardo MTC, the base for Ricardo's motorsport operation. The
consideration of circa £3.4 million relates to the purchase of the assets at
Brackley, 40 employees together with patents and intellectual property.   Post
acquisition, Ricardo will have more than 100 staff dedicated to motorsport
driveline & transmission activities.

The purchase of Gemini will allow Ricardo to build upon recent motorsport
successes which include transmissions that have been part of winning teams in
many different race classes, most notably working with Audi to provide
transmissions for their historic wins at Le Mans in 2000, 2001 and 2002.

Commenting on the purchase of Gemini, Ricardo's chief executive Rodney Westhead
said:

'The acquisition of Gemini is an excellent fit with our existing activities and
will help Ricardo to develop our growing presence in the £4 billion motorsport
industry.'


Enquiries


Ricardo plc                                                 01273 455611

Rodney Westhead, Chief Executive
Andrew Goodburn, Finance Director
Website : www.ricardo.com

Gavin Anderson & Company                                    0207 554 1431/1439
Laura Hickman/Charlotte Stone


                      This information is provided by RNS
            The company news service from the London Stock Exchange