Director Shareholding

Ricardo PLC
06 August 2002

Further to the announcement on 1 August 2002 of the appointment of Steve Parker
as an Executive Director, Ricardo Plc ('the Company') announces the following
conditional share award. Mr Parker has been granted, for nil consideration, a
one-off award of 26,096 ordinary shares in the Company in total, which will vest
in three equal tranches: the first on 1 August 2003, the second on 1 August 2004
and the third on 1 August 2005. Any unvested shares will be forfeited if Mr
Parker resigns or is dismissed summarily.



ENDS




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