Director Shareholding

Ricardo PLC
4 March 2002


Directors' Interests in Shares

On 4 March 2002 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 393p per share, a total of
7,152 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 7,152 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 
C R Bates 
J W Holt


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


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