Director Shareholding

Ricardo PLC
5 June 2001

             Ricardo plc - Directors' Interests in Shares


On 5 June 2001 Mourant & Co. Trustees Limited, as trustee of The Ricardo Group
Employees' Share Ownership Plan (the 'Trust') acquired by subscription, at a
price of 505p per share, a total of 2,000 ordinary shares of 25p each in Ricardo
plc (all of which are to be used to satisfy options exercised under the
Company's executive share option scheme). As potential beneficiaries under the
Trust, each executive director of Ricardo plc is treated as being interested in
all shares acquired by the Trust. As of today's date, the Trust holds 7,000
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]

Name and signature of authorised company official responsible for making this
notification.

Date of notification: 5 June 2001



                  Ricardo plc - Directors' Interests in Shares

On 5 June 2001 Mourant & Co. Trustees Limited, as trustee of The Ricardo Group
Employees' Share Ownership Plan (the 'Trust') acquired by subscription, at a
price of 472p per share, a total of 5,000 ordinary shares of 25p each in Ricardo
plc (all of which are to be used to satisfy options exercised under the
Company's executive share option scheme). As potential beneficiaries under the
Trust, each executive director of Ricardo plc is treated as being interested in
all shares acquired by the Trust. As of today's date, the Trust holds 7,000
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]

Name and signature of authorised company official responsible for making this
notification.
 
M Wightman

Date of notification: 5 June 2001