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:

10 June 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:

2,154,163

3.00%

18,090

0.03%

(2)

Cash-settled derivatives:

0

0.00%

2,090,453

2.91%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,154,163

3.00%

2,108,543

2.94%

(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

115

32.4800 GBP

5p ordinary

Purchase

133

32.4600 GBP

5p ordinary

Purchase

200

32.4652 GBP

5p ordinary

Purchase

1,091

32.3196 GBP

5p ordinary

Purchase

1,255

32.3611 GBP

5p ordinary

Purchase

1,763

32.2052 GBP

5p ordinary

Purchase

2,494

32.2994 GBP

5p ordinary

Purchase

3,101

32.2929 GBP

5p ordinary

Purchase

3,665

32.3099 GBP

5p ordinary

Purchase

4,880

32.3971 GBP

5p ordinary

Purchase

10,171

32.4379 GBP

5p ordinary

Purchase

10,506

32.3596 GBP

5p ordinary

Purchase

36,516

32.3976 GBP

5p ordinary

Purchase

74,612

32.3600 GBP

5p ordinary

Sale

29

32.2800 GBP

5p ordinary

Sale

31

32.0600 GBP

5p ordinary

Sale

381

32.2512 GBP

5p ordinary

Sale

652

32.2257 GBP

5p ordinary

Sale

846

32.3600 GBP

5p ordinary

Sale

914

32.2788 GBP

5p ordinary

Sale

1,500

32.4092 GBP

5p ordinary

Sale

3,000

32.4768 GBP

5p ordinary

Sale

12,297

32.3133 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

117

32.2541 GBP

5p ordinary

 SWAP

Long

1,500

32.4092 GBP

5p ordinary

 SWAP

Long

2,397

32.2576 GBP

5p ordinary

 SWAP

Long

4,615

32.2883 GBP

5p ordinary

 SWAP

Long

7,232

32.3321 GBP

5p ordinary

 SWAP

Short

200

32.4652 GBP

5p ordinary

 SWAP

Short

402

32.0026 GBP

5p ordinary

 SWAP

Short

574

32.3531 GBP

5p ordinary

 CFD

Short

657

32.3629 GBP

5p ordinary

 SWAP

Short

1,478

32.0907 GBP

5p ordinary

 SWAP

Short

3,196

32.3641 GBP

5p ordinary

 SWAP

Short

10,000

32.2022 GBP

5p ordinary

 SWAP

Short

10,000

32.2982 GBP

5p ordinary

 SWAP

Short

10,000

32.4026 GBP

5p ordinary

 SWAP

Short

10,000

32.5009 GBP

5p ordinary

 SWAP

Short

10,000

32.5017 GBP

5p ordinary

 SWAP

Short

10,171

32.4379 GBP

5p ordinary

 SWAP

Short

78,455

32.3600 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:

13 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213