Ricardo Regulatory News (RCDO)

Ricardo PLC

Director/PDMR shareholding

9 April 2013

London

Ricardo PLC (the "Company") announces that it received notification on 8 April 2013 of the following transactions by Ian Lee, a non-executive director of the Company, and certain of his connected persons. On 8 April 2013:

·; Ann Lee, Ian Lee's spouse, sold 6,500 ordinary shares of 25p each in the capital of the Company ("Shares") at a price of 413p per Share;

·; Ian Lee purchased 3,250 Shares into his ISA at a price of 419.55p per Share; and

·; Ann Lee purchased 3,250 Shares into her ISA at a price of 419.55p per Share.

Following these transactions, the total beneficial holding of Shares of Ian Lee and his connected persons is unchanged at 13,000 Shares, representing approximately 0.025% of the Company's issued ordinary share capital.

The above notifications are intended to satisfy the Company's obligations under Disclosure and Transparency Rule 3.1.4R.