Director Shareholding

Ricardo PLC
5 June 2003

             Ricardo plc - Directors' Interests in Shares


On 23 May 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 353p per share, a total of
46,560 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 46,560 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

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


                                                                   M Wightman
 
 
Date of Notification 5 June 2003
 



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