Increased Shareholding in Ricardo plc

Science Group has further increased its shareholding in Ricardo plc (“Ricardo”) to 8,824,994 shares, equivalent to approximately 14.18% of the voting rights. Science Group may or may not increase its shareholding in Ricardo.

The strategic investment in Ricardo represents a substantial transaction under rule 12 of the AIM Rules for Companies (“AIM Rules”) and the following disclosure is made in accordance with Schedule Four of the AIM Rules. Ricardo reported profit before tax for the year ended 30 June 2024 of £4.3 million and gross assets at 31 December 2024 of £457.7 million.