Director/PDMR Shareholding

Ricardo PLC
17 October 2007

                         Director/PDMR Shareholdings

1)   2006 LTIP 1st Plan Cycle commencing 1 July 07

The Company announces that on 16 October 2007, conditional awards over ordinary
shares of 25p each in Ricardo plc were granted under the Ricardo 2006 Long Term
Incentive Plan to the following directors and PDMRs, as set out below. The
awards vest after three years and are subject to TSR and EPS performance
conditions.

Director/PDMR                          Shares awarded

Dave Shemmans                                  98,906
Paula Bell                                     37,376
Paul McNamara                                  13,222
Bob Allsopp                                    16,180
Dean Harlow                                    14,780
Peter Heuser                                   12,376

2)   Deferred Bonus Plan awards

The Company announces that on 16 October 2007, awards over ordinary shares of
25p each in Ricardo plc were granted under the Ricardo plc Deferred Bonus Plan
to the following directors and PDMRs, as set out below. Subject to continuing
employment, the awards vest after three years. Awards are not subject to
performance conditions.

Director/PDMR              Deferred Bonus shares awarded

Dave Shemmans                                     19,040
Paula Bell                                         7,421
Paul McNamara                                      3,641
Bob Allsopp                                        4,751
Peter Heuser                                       2,216
Mark Garrett                                       2,715

In addition, Steve Parker, a director of the Company, was made an award over
77,731 ordinary shares of 25p each in Ricardo plc (including dividend
entitlements) on 25 September 2006. Subject to continuing employment, the award
vests after two years. The award is not subject to performance conditions.

Following the notifications above, the total number of ordinary shares over
which the director / PDMR holds awards / options is set out below.

Director/         Total awards/options        % of Company's 
PDMR                    following this          issued share
                          notification               capital

Dave Shemmans                  385,132                0.76 %
Paula Bell                     100,080                0.20 %
Steve Parker                   287,731                0.57 %
Paul McNamara                   38,433                0.08 %
Bob Allsopp                     57,407                0.11 %
Dean Harlow                     64,780                0.13 %
Peter Heuser                    14,592                0.03 %
Mark Garrett                     7,200                0.01 %





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