Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST 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 (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation:

Data Lloyd N.V. and its Group of Companies

4. Full name of shareholder(s) (if different from 3.):

Registered Holder:

Delta Lloyd Levensverzekering N.V.

1,800,000*

*denotes direct interest

Delta Lloyd L European Participation Fund Sicav

1,877,339

Delta Lloyd Europees Deelnemingen Fonds N.V.

2,880,000

5. Date of the transaction and date on which the threshold is crossed or reached:

11th December 2012

6. Date on which issuer notified:

12th December 2012

7. Threshold(s) that is/are crossed or reached:

13% to 12% Change at Combined Indirect Interest Level

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

6,804,073

6,804,073

1,800,000

1,800,000

4,757,339

3.46%

9.15%

Ordinary Shares

GB0007370074

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/ConversionPeriod

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exerciseprice

Expirationdate

Exercise/Conversionperiod

Number of votingrights instrumentrefers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

6,557,339

12.61%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

 The voting rights held in the 2 investment funds are managed and controlled by Delta Lloyd Asset Management N.V with the following chain of controlled undertakings:

Delta Lloyd Asset Management N.V.:

Delta lloyd Levensverzekering N.V.'s chain of control is as follows:

Proxy Voting:

10. Name of the proxy holder:

See Section 4

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:

Figures are based on a total number of voting rights of 51,977,605, as per the company's Total Voting Rights Announcement of 30 November 2012

14. Contact name:

Stephanie Pirlot, Delta Lloyd Asset Management

15. Contact telephone number:

+31 (0)20 594 3827