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:

01 July 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:

3,369,797

4.69%

27,938

0.04%

(2)

Cash-settled derivatives:

3,000

0.00%

3,305,651

4.60%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,372,797

4.70%

3,333,589

4.64%

(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

2

34.6900 GBP

5p ordinary

Purchase

117

34.6700 GBP

5p ordinary

Purchase

173

34.5753 GBP

5p ordinary

Purchase

200

34.6264 GBP

5p ordinary

Purchase

235

34.6181 GBP

5p ordinary

Purchase

300

34.6602 GBP

5p ordinary

Purchase

373

34.6200 GBP

5p ordinary

Purchase

671

34.6099 GBP

5p ordinary

Purchase

775

34.6541 GBP

5p ordinary

Purchase

1,570

34.6212 GBP

5p ordinary

Purchase

2,774

34.6693 GBP

5p ordinary

Purchase

10,600

34.6800 GBP

5p ordinary

Purchase

18,420

34.6195 GBP

5p ordinary

Purchase

18,577

34.6241 GBP

5p ordinary

Purchase

21,332

34.6430 GBP

5p ordinary

Purchase

66,178

34.6164 GBP

5p ordinary

Sale

138

34.6400 GBP

5p ordinary

Sale

164

34.5740 GBP

5p ordinary

Sale

300

34.6597 GBP

5p ordinary

Sale

775

34.6541 GBP

5p ordinary

Sale

952

34.6600 GBP

5p ordinary

Sale

3,172

34.6278 GBP

5p ordinary

Sale

4,037

34.6000 GBP

5p ordinary

Sale

10,076

34.6992 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

103

34.6261 GBP

5p ordinary

 SWAP

Long

300

34.6597 GBP

5p ordinary

 SWAP

Long

672

34.5956 GBP

5p ordinary

 SWAP

Long

3,522

34.6427 GBP

5p ordinary

 SWAP

Long

3,993

34.6000 GBP

5p ordinary

 SWAP

Short

2

34.6900 GBP

5p ordinary

 SWAP

Short

21

34.7000 GBP

5p ordinary

 SWAP

Short

117

34.6700 GBP

5p ordinary

 SWAP

Short

200

34.6264 GBP

5p ordinary

 SWAP

Short

300

34.6602 GBP

5p ordinary

 SWAP

Short

339

34.6287 GBP

5p ordinary

 CFD

Short

775

34.6541 GBP

5p ordinary

 SWAP

Short

2,201

34.6832 GBP

5p ordinary

 SWAP

Short

3,859

34.6017 GBP

5p ordinary

 SWAP

Short

9,076

34.6381 GBP

5p ordinary

 SWAP

Short

10,000

34.6228 GBP

5p ordinary

 SWAP

Short

10,000

34.6428 GBP

5p ordinary

 SWAP

Short

10,000

34.6530 GBP

5p ordinary

 SWAP

Short

10,000

34.6828 GBP

5p ordinary

 SWAP

Short

14,459

34.6432 GBP

5p ordinary

 SWAP

Short

60,000

34.6028 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:

4 Jul 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213