Director Shareholding

Ricardo PLC
25 October 2000


Ricardo plc - Directors' Interests in Shares


On 25 October 2000 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 500p per share, a total of
195 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 195 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

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


Date of Notification 25 October 2000