Holding(s) in Company

Ricardo PLC
14 March 2006


Tuesday 14 March 2006

Ricardo, on 13 March 2006, received notification from J P Morgan Securities Ltd
that, as at 13 March 2006, following the purchase of 1,800,000 shares (3.55%),
JPMorgan Fleming Mercantile Investment Trust Plc ('JPMFMIT') has a material
interest in Ricardo plc (the 'Company') of 2,386,663, representing 4.71% of the
Company.



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