Holding(s) in Company

Ricardo PLC
24 October 2007



TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer    Ricardo Plc
of existing shares to which voting rights are      
attached:

2. Reason for notification (yes/no)

                                                     
An acquisition or disposal of voting rights                    Yes

An acquisition or disposal of financial instruments which may result in
the acquisition of shares already issued to which voting rights are 
attached

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s)        Lloyds TSB Group Plc
subject to notification          
obligation:

4. Full name of shareholder(s)   Boltro Nominees Ltd
(if different from 3):
                                 Lloyds Bank (Pep Nominees) Limited
                                 State Street Nominees Ltd
           
5. Date of transaction (and date 22nd October 2007
on which the threshold is      
crossed or reached if
different):

6. Date on which issuer          23rd October 2007
notified:                        

7. Threshold(s) that is/are      Reached 8%
crossed or reached:             








8: Notified Details
A: Voting rights attached to shares
Class/type Situation previous to   Resulting situation after the triggering
of         the triggering          transaction
shares     transaction
If
possible   Number of   Number of   Number of   Number of voting  Percentage of
use ISIN   shares      voting      shares      rights            voting rights
code                   rights                  Direct   Indirect Direct Indirect
Ord        3,895,278   3,895,278   4,065,278            4,065,278        8.019
GBP0.25
 0737007

B: Financial Instruments
Resulting situation after the triggering transaction
Type of      Expiration Exercise/    No. of voting rights that may   Percentage
financial    date       conversion   be acquired (if the instrument  of voting
instrument              period/      exercised/converted)            rights
                        date


Total (A+B)
Number of voting rights               Percentage of voting rights
                          4,065,278                                      8.019




9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:

669 Shares are held by Boltro Nominees Ltd, a wholly owned subsidiary of Lloyds
TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group Plc.

4,562 Shares are held by Lloyds Bank (Pep) Nominees Ltd, a wholly owned
subsidiary of Lloyds TSB Bank Plc, a wholly owned subsidiary of Lloyds TSB Group
Plc.

4,060,047 Shares are held by State Street Nominees Ltd. Shares are under the
control of Scottish Widows Investment Partnership Ltd, a wholly owned subsidiary
of Scottish Widows Investment Partnership Group Ltd, a wholly owned subsidiary
of Scottish Widows Group Ltd, a wholly owned subsidiary of Lloyds TSB Bank plc,
a wholly owned subsidiary of Lloyds TSB Group Plc.


Proxy Voting:


10. Name of proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14 Contact name:                           Central Disclosure Unit

15. Contact telephone name:                [phone]




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