Director Shareholding

Ricardo PLC
22 October 2001



Ricardo plc - Directors' Interests in Shares

On 22 October 2001 Ricardo Quest Trustees Limited, a wholly-owned subsidiary of 
Ricardo plc, a trustee of the Ricardo Qualifying Employee Share Ownership Trust 
(the 'QUEST') acquired by subscription, at a price of 477p per share, a total of
5,095 ordinary shares of 25p each in Ricardo plc (all of which are to be used to
satisfy options exercised under the Company's savings-related share option 
scheme). As potential beneficiaries under the QUEST, each executive director of 
Ricardo plc is treated as being interested in all shares acquired by the QUEST. 
As of today's date, the QUEST holds 5,095 shares in the Company.

The directors of Ricardo plc who may be considered to be potential beneficiaries
of the shares detailed in this notification are:

R J Westhead 
A R Goodburn
J R Needham 
C R Bates 
J W Holt

Name of contact and telephone number for queries:
M Wightman Tel: [phone]/455611

Name and signature of authorised company official responsible for making this 
notification.
 
M Wightman


Date of Notification 22 October 2001