Director Shareholding

Ricardo PLC
28 September 2000


             RICARDO PLC - DIRECTORS' INTERESTS IN SHARES

On 28 September 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 550p per share, a
total of 106 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 106 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]