Form 8.5 (EPT/RI) - Ricardo plc

Group 1 - The exempt principal trader involved is Investec Bank plc, which is acting as a Joint Advisor and Joint Broker to Ricardo plc [1][3] - The dealings took place on 22 July 2025, with a total of 18,300 ordinary shares purchased at prices ranging from 424 to 426 [3] - There were no cash-settled or stock-settled derivative transactions reported, indicating a focus solely on ordinary share dealings [4][5] Group 2 - No indemnity or other dealing arrangements were disclosed, suggesting no additional agreements influencing the trading activities [9] - There are no agreements or understandings related to options or derivatives affecting voting rights or future acquisitions/disposals of relevant securities [10] - The disclosure was made on 23 July 2025, with contact information provided for further inquiries [10]