Holding(s) in Company

Ricardo PLC
07 July 2006

Letter to: Ricardo Group PLC
Dated: 4th July 2006

Section 198 Companies Act 1985

Pursuant to Section 198 of the Companies Act 1985 we write to inform you that as
at the close of its business on 3rd July 2006, UBS AG, acting through its 
business group and legal entities detailed below, had an interest in 2,989,579 
Ordinary shares of Ricardo Group PLC, representing 5.98 per cent of the issued 
share capital of the Company (50,010,903).

None of the Relevant Shares are shares in which UBS AG is interested by virtue 
of Section 208(5) of The Act.


UBS business group / legal entity          Breakdown of position held (%)

UBS Global Asset Management (Life) Ltd     2,988,456 shares               5.98%
UBS AG London Branch                           1,123 shares               0.00%
UBS AG - Total                             2,989,579 shares               5.98%

From: UBS AG


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