Holding(s) in Company

Ricardo PLC
17 March 2006


Friday 17 March 2006

Ricardo, on 17 March 2006, received notification from J P Morgan Securities Ltd
that, as at 17 March 2006, following the purchase of 480,769 shares (0.94%),
JPMorgan Fleming Mercantile Investment Trust Plc ('JPMFMIT') has a material
interest in Ricardo plc (the 'Company') of 2,867,432, representing 5.66% of the
Company.



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