Holding(s) in Company

Ricardo PLC 14 May 2003 DEALINGS BY SUBSTANTIAL SHAREHOLDERS 1) NAME OF COMPANY RICARDO PLC 2) NAME OF SHAREHOLDER HAVING A MAJOR INTEREST AVIVA 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 289,297 CHASE GA GROUP NOMINEES LTD 2,243,706 CHASE NOMINEES LTD. 201,855 CUIM NOMINEE LTD. 427,557 RBSTB NOMINEES LTD. 128,898 5) Number of shares/amount of stock acquired. N/A 6) ( N/A %) of issued Class 7) Number of shares/amount of stock disposed 274,000 8) ( 0.55 %) of issued Class 9) Class of security ORDINARY SHARES 10) Date of transaction 13 MAY 2003 11) Date company informed 14 MAY 2003 12) Total holding following this notification 3,291,313 13) Total percentage holding of issued class following this notification 6.61 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 14 MAY 2003 This information is provided by RNS The company news service from the London Stock Exchange

Companies

Ricardo (RCDO)
UK 100

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