Holding in Company

Ricardo PLC 25 October 2000 DEALINGS BY SUBSTANTIAL SHAREHOLDERS 1) NAME OF COMPANY RICARDO PLC 2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST SCOTTISH WIDOWS INVESTMENT PARTNERSHIP LTD 3) Please state whether notification indicates that it is in respect of holding of the Shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 AS IN 2 ABOVE 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. AS IN 2 ABOVE 5) Number of shares/amount of stock acquired. N/A 6) ( N/A %) of issued Class 7) Number of shares/amount of stock disposed N/A 8) ( N/A %) of issued Class 9) Class of security ORDINARY SHARES 10) Date of transaction NOT DISCLOSED 11) Date company informed 25 OCTOBER 2000 12) Total holding following this notification 3,116,050 13) Total percentage holding of issued class following this notification 6.50 14) Any additional information OF THIS TOTAL HOLDING OF 3,116,050, 1,955,203 ARE MATERIAL INTERESTS (REPRESENTING 4.08% OF THE ISSUED SHARES) OF LLOYDS TSB GROUP PLC, LLOYDS TSB BANK PLC AND SCOTTISH WIDOWS GROUP LIMITED 15) Name of contact and telephone number for queries M WIGHTMAN 01926 319 335 16) Name and signature of authorised company official responsible for making this notification Date of Notification ... 25 OCTOBER 2000 ........................

Companies

Ricardo (RCDO)
UK 100

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