Holding(s) in Company

Ricardo PLC
17 October 2006


Tuesday 17 October 2006

Ricardo plc (the 'Company'), on 16 October 2006, received notification from UBS
that, as at 12th October 2006, UBS AG, through its business group and legal
entities detailed below, had a notifiable interest in the Company of 2,994,948
Ordinary shares, representing 5.99% of the issued share capital of the Company
(50,010,903).

UBS business group / legal entity          Breakdown of position held
UBS Global Asset Management (Life) Ltd     2,980,067 shares               5.96%
UBS AG London Branch                       14,881 shares                  0.03%
UBS AG - Total                             2,994,948 shares               5.99%




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