Director Shareholding

Ricardo PLC
11 July 2002


                 Ricardo plc - Directors' Interests in Shares


On 11 July 2002 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 352p per share, a total of
4,160 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 4,160 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
C.R. Bates
J.W. Holt

Name of contact and telephone number for queries: 
M. Wightman   Tel: [phone]/455611

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

Date of Notification:  11 July 2002




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                 DAOD