Director Shareholding

Ricardo PLC
13 February 2003


                     Ricardo plc - Directors' Interests in Shares

On  13 February 2003 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 260p per share, a
total of 134,681 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 134,681 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 

S Parker 

G Andrews 

C Hickman

Name of contact and telephone number for queries: 

M Wightman Tel: [phone]/455611

Date of Notification 13 February 2003


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