Barclays Regulatory News (BARC)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

ULTRA ELECTRONICS HOLDINGS PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

13 May 2022

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing (if any)

Class of relevant security:

5p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

1,784,335

2.49%

26,366

0.04%

(2)

Cash-settled derivatives:

5,000

0.01%

1,427,763

1.99%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,789,335

2.49%

1,454,129

2.03%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

5p ordinary

Purchase

24

31.8800 GBP

5p ordinary

Purchase

81

31.9871 GBP

5p ordinary

Purchase

105

31.9800 GBP

5p ordinary

Purchase

564

31.9384 GBP

5p ordinary

Purchase

1,552

31.9418 GBP

5p ordinary

Purchase

2,188

31.9426 GBP

5p ordinary

Purchase

2,824

31.9403 GBP

5p ordinary

Purchase

5,013

31.9455 GBP

5p ordinary

Purchase

5,179

31.8317 GBP

5p ordinary

Purchase

7,146

31.9765 GBP

5p ordinary

Sale

24

31.8800 GBP

5p ordinary

Sale

82

31.9800 GBP

5p ordinary

Sale

84

32.0150 GBP

5p ordinary

Sale

218

31.9620 GBP

5p ordinary

Sale

327

32.0000 GBP

5p ordinary

Sale

464

31.9985 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

5p ordinary

 SWAP

Long

64

32.0400 GBP

5p ordinary

 SWAP

Long

354

31.9560 GBP

5p ordinary

 SWAP

Long

430

32.0085 GBP

5p ordinary

 SWAP

Short

401

32.0000 GBP

5p ordinary

 SWAP

Short

564

31.9383 GBP

5p ordinary

 SWAP

Short

1,157

31.8637 GBP

5p ordinary

 SWAP

Short

2,531

31.9026 GBP

5p ordinary

 SWAP

Short

4,225

31.8025 GBP

5p ordinary

 SWAP

Short

5,774

31.9977 GBP

5p ordinary

 SWAP

Short

10,000

31.9595 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the person making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

16 May 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213