Holding(s) in Company

Ricardo PLC 4 July 2002 DEALINGS BY SUBSTANTIAL SHAREHOLDERS 1) NAME OF COMPANY RICARDO PLC 2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST AVIVA PLC (FORMERLY CGNU PLC) 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. BNY NORWICH UNION NOMINEES LTD 1,644,197 CHASE GA GROUP NOMINEES LTD 2,109,487 CUIM NOMINEE LTD 1,529,578 RBSTB NOMINEES LTD 95,697 VIDACOS NOMINEES LTD 423,266 5) Number of shares/amount of stock acquired. N/A 6) ( N/A %) of issued Class 7) Number of shares/amount of stock disposed 66,727 8) ( 0.14%) of issued Class 9) Class of security ORDINARY SHARES 10) Date of transaction 2 JULY 2002 11) Date company informed 4 JULY 2002 12) Total holding following this notification 5,802,225 13) Total percentage holding of issued class following this notification 11.84 14) Any additional information 15) Name of contact and telephone number for queries M WIGHTMAN - 01273 794416 16) Name and signature of authorised company official responsible for making this notification Date of Notification ....4 JULY 2002 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Ricardo (RCDO)
UK 100

Latest directors dealings