Holding(s) in Company

Ricardo PLC 09 May 2008 TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES (1). Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Ricardo plc 2. Reason for the notification (yes/no) An acquisition or disposal of voting rights: ( ) An acquisition or disposal of financial instruments which may result ( ) in the acquisition of shares already issued to which voting rights are attached: An event changing the breakdown of voting rights: (Yes) Other (please specify) : ( ) 3. Full name of person(s) subject to the notification obligation: Baillie Gifford & Co 4. Full name of shareholder(s) (if different from 3.): 5. Date of the transaction and date on which the threshold is crossed or reached if different): 08-May-08 6. Date on which issuer notified: 09-May-08 7. Threshold(s) that is/are crossed or reached: 5% 8. Notified details: A: Voting rights attached to shares Class/type of shares Situation previous to the Triggering if possible using the transaction ISIN CODE Number of shares Number of voting Rights Ordinary Share 3150581 6.18 GB0007370074 Resulting situation after the triggering transaction Class/type of shares Number of shares Number of voting rights % of voting rights If possible using the ISIN CODE Direct Indirect Direct Indirect Ordinary Share 2850581 2850581 5.59 GB0007370074 B: Financial Instruments Resulting situation after the triggering transaction Type of Expiration Date Exercise/Conversion Number of voting % of voting financial Period/ Date rights that may be rights instrument acquired if the instrument is exercised/ converted. N/A Total (A+B) Number of voting rights % of voting rights 2850581 5.59 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: In the narrative below, the figures in () indicate the amount of voting rights and the percentage held by each controlled undertaking where relevant. Baillie Gifford & Co, a discretionary investment manager, is the parent undertaking of an investment management group. Its wholly-owned subsidiary management Gifford Oversea Limited (517281; 1.0%) is also a discretionary investment manager. Its wholly-owned subsidiary undertaking Limited Gifford & Co Limited (133000; 2.6%) is an OEIC Authorised Corporate Director and unit Trust Manager which has delegated its discretionary investment management role to discretionary Gifford & Co. Proxy Voting: 10. Name of the proxy holder: N/A 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: 14. Contact name: Scott Russell Chris Hill 15. Contact telephone number: 0131 275 2106 0131 275 2147 This information is provided by RNS The company news service from the London Stock Exchange

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Ricardo (RCDO)
UK 100

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