Director/PDMR Shareholding

Ricardo PLC

Director / PDMR Shareholdings

11 May 2016

London

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

Ricardo PLC (the "Company") announces that on 11 May 2016 it received notification from the trustee (the "Trustee") of the Company's SIP that on 9 May 2016 it purchased 14 ordinary shares of 25 pence each in the Company ("Shares") in the market at a price of £8.4969 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 4,045 Shares, representing approximately 0.008% 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.