Ricardo Regulatory News (RCDO)

Ricardo PLC

Director / PDMR Shareholdings

12 October 2015

London

Purchase of Partnership Shares under the Ricardo PLC Share Incentive Plan (the "SIP")

Ricardo PLC (the "Company") announces that on 12 October 2015 it received notification from the trustee (the "Trustee") of the Company's SIP that on 9 October 2015 it purchased 13 ordinary shares of 25 pence each in the Company ("Shares") in the market at a price of £9.201 per Share on behalf of Mark Barge, a Person Discharging Managerial Responsibilities. This purchase related to the "Partnership Share" element of the SIP and was made using deductions from Mr Barge's gross salary.

Following the above transaction, the total beneficial holding of Shares of Mark Barge is 733 Shares, representing approximately 0.001% of the Company's issued ordinary share capital.

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