Director Shareholding

Ricardo PLC
16 March 2001


          RICARDO PLC - DIRECTORS' INTERESTS IN SHARES

On 16 March 2001 Ricardo Quest Trustees Limited, a wholly-owned subsidiary of
Ricardo plc, as trustee of the Ricardo Qualifying Employee Share Ownership Trust
(the 'QUEST') acquired by subscription, at a price of 498p per share, a total of
10,699 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 10,699 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
J R Needham
C R Bates
J W Holt

Name of contact and telephone number for queries:
M Wightman Tel: [phone]