Holding(s) in Company

Ricardo PLC
28 April 2005



                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

RICARDO PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

MORLEY FUND MANAGEMENT LIMITED

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

AS IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

BNY NORWICH UNION NOMINEES LTD      1,262,263
CHASE GA GROUP NOMINEES LTD         3,005,545
CHASE NOMINEES LTD                    398,900
CUIM NOMINEES LTD                   1,247,038
CUIM NOMINEES LTD                      52,000
VIDACOS NOMINEES LTD                  137,326

5)   Number of shares/amount of stock acquired.

505,000

6)   Percentage of issued Class

1.01

7)   Number of shares/amount of stock disposed

N/A

8)   Percentage of issued Class

N/A

9)   Class of security

ORDINARY SHARES 

10)  Date of transaction

26 APRIL 2005

11)  Date company informed

27 APRIL 2005

12)  Total holding following this notification

6,103,072
               
13)  Total percentage holding of issued class following this notification

12.2

14)  Any additional information



15)  Name of contact and telephone number for queries

M WIGHTMAN
01273 794416

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

     Date of Notification .....   28 APRIL 2005  ...................


END


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