ULE.L Regulatory News (ULE)

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:

29 Jul 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:

3,333,483

4.59%

42,527

0.06%

(2)

Cash-settled derivatives:

and/or controlled:

3,000

0.00%

3,283,236

4.52%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

3,336,483

4.59%

3,325,763

4.58%

(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 EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

5p ordinary

Purchase

134

34.9547 GBP

5p ordinary

Purchase

200

34.9500 GBP

5p ordinary

Purchase

211

34.9700 GBP

5p ordinary

Purchase

213

34.9688 GBP

5p ordinary

Purchase

217

34.9702 GBP

5p ordinary

Purchase

238

34.9868 GBP

5p ordinary

Purchase

409

34.9640 GBP

5p ordinary

Purchase

484

34.9755 GBP

5p ordinary

Purchase

580

34.9400 GBP

5p ordinary

Purchase

770

34.9621 GBP

5p ordinary

Purchase

910

34.9678 GBP

5p ordinary

Purchase

944

34.9889 GBP

5p ordinary

Purchase

1,623

34.9600 GBP

5p ordinary

Purchase

1,700

34.9802 GBP

5p ordinary

Purchase

2,956

34.9817 GBP

5p ordinary

Purchase

3,000

34.9824 GBP

5p ordinary

Purchase

4,724

34.9402 GBP

5p ordinary

Purchase

6,689

34.9800 GBP

5p ordinary

Purchase

9,098

34.9676 GBP

5p ordinary

Purchase

18,121

34.9770 GBP

5p ordinary

Purchase

87,858

35.0000 GBP

5p ordinary

Purchase

132,396

34.9976 GBP

5p ordinary

Sale

18

34.9562 GBP

5p ordinary

Sale

766

34.9486 GBP

5p ordinary

Sale

776

34.9563 GBP

5p ordinary

Sale

815

34.9600 GBP

5p ordinary

Sale

944

34.9889 GBP

5p ordinary

Sale

1,068

34.9400 GBP

5p ordinary

Sale

1,153

34.9682 GBP

5p ordinary

Sale

1,334

34.9621 GBP

5p ordinary

Sale

1,507

34.9432 GBP

5p ordinary

Sale

2,028

34.9700 GBP

5p ordinary

Sale

2,634

34.9652 GBP

5p ordinary

Sale

2,668

34.9847 GBP

5p ordinary

Sale

3,065

35.0000 GBP

5p ordinary

Sale

3,250

34.9459 GBP

5p ordinary

Sale

6,689

34.9800 GBP

5p ordinary

Sale

185,718

34.9996 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

2

34.9800 GBP

5p ordinary

SWAP

Long

6

35.0000 GBP

5p ordinary

SWAP

Long

81

34.9835 GBP

5p ordinary

SWAP

Long

2,668

34.9847 GBP

5p ordinary

SWAP

Long

2,900

34.9459 GBP

5p ordinary

SWAP

Short

210

34.9678 GBP

5p ordinary

SWAP

Short

257

34.9663 GBP

5p ordinary

SWAP

Short

263

34.9562 GBP

5p ordinary

SWAP

Short

297

34.9400 GBP

5p ordinary

SWAP

Short

350

34.9554 GBP

5p ordinary

SWAP

Short

439

34.9600 GBP

5p ordinary

CFD

Short

944

34.9889 GBP

5p ordinary

SWAP

Short

1,700

34.9802 GBP

5p ordinary

CFD

Short

2,115

34.9431 GBP

5p ordinary

SWAP

Short

2,222

34.9827 GBP

5p ordinary

SWAP

Short

2,340

34.9752 GBP

5p ordinary

SWAP

Short

3,000

34.9824 GBP

5p ordinary

SWAP

Short

5,368

34.9746 GBP

5p ordinary

SWAP

Short

12,131

34.9790 GBP

5p ordinary

SWAP

Short

12,355

34.9777 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 exempt principal trader 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:

01 Aug 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213