Contract Win

Ricardo PLC
11 May 2005

                                                                     11 May 2005

                                    Ricardo plc

                                    Contract Win
                                                                        

Ricardo plc is pleased to announce that it has signed a significant contract,
with SAIC Motor Co., Ltd, with regard to a number of engineering development
programmes.


It is expected that the contract will have little impact in this financial year
which ends on 30 June 2005, but does give the Board increased confidence
regarding the outturn for the full year. It is too early to predict the
anticipated contribution to the new financial year 2005/6.


We will provide a financial update in mid July at the time of our pre close
statement.


Commenting on today's announcement, Rodney Westhead, Chief Executive of Ricardo
said:


'We have been exploring opportunities to develop our business in China for a
number of years and I am very pleased that as part of this process we have been
able to win important engineering development work back home in the UK '



For further information:

Ricardo plc
Rodney Westhead                                  Tel: [phone]

Gavin Anderson & Company
Laura Hickman/Charlotte Stone                    Tel: [phone]


www.ricardo.com








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