Director Shareholding

Ricardo PLC 17 December 2001 Ricardo plc - Directors' Interests in Shares On 17 December 2001 Ricardo Quest Trustees Limited, a wholly-owned subsidiary of Ricardo plc, a trustee of the Ricardo Qualifying Employee Share Ownership Trust (the 'QUEST') acquired by subscription, at a price of 460p per share, a total of 51,295 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 51,295 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: 01273 794416/455611 Date of Notification 17 December 2001

Companies

Ricardo (RCDO)
UK 100

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