Director Announcement

Embargoed until 0900 12 May 2017

Ultra Electronics Holdings plc

("Ultra" or "the Group") 

RAKESH SHARMA APPOINTED AS NON-EXECUTIVE DIRECTOR OF PAYPOINT PLC

Ultra announces that Rakesh Sharma, Ultra's Chief Executive, will join the Board of Paypoint plc as an Independent Non-Executive Director, Chairman of the Remuneration Committee and member of the Audit and Nomination Committees with effect from 12 May 2017.

There are no other disclosures required in relation to LR9.6.14.

- Ends -

Enquiries:

Ultra Electronics Holdings PLC

www.ultra-electronics.com

Rakesh Sharma, Chief Executive +44 20 8813 4300

Susan McErlain, Corporate Affairs Director +44 7836 522 722

MHP Communications

James White +44 20 3128 8756

Further information about Ultra:

Ultra Electronics is an internationally successful defence, security, transport and energy company with a long, consistent track record of development and growth. The Group manages a portfolio of specialist capabilities generating innovative solutions to customer needs. Ultra applies electronic and software technologies in demanding and critical environments ranging from military applications, through safety-critical devices in aircraft, to nuclear controls and sensor measurement. These capabilities have seen the Group's highly differentiated products contributing to a large number of platforms and programmes.

Ultra has world-leading positions in many of its specialist capabilities and, as an independent, non-threatening partner, is able to support all of the main prime contractors in its sectors. As a result of such positioning, Ultra's systems, equipment or services are often mission or safety-critical to the successful operation of the platform to which they contribute. In turn, this mission-criticality secures Ultra's positions for the long term which underpins the superior financial performance of the Group.

Ultra offers support to its customers through the design, delivery and support phases of a programme. Ultra businesses have a high degree of operational autonomy where the local management teams are empowered to devise and implement competitive strategies that reflect their expertise in their specific niches. The Group has a small head office and executive team that provide to the individual businesses the same agile, responsive support that they provide to customers as well as formulating Ultra's overarching, corporate strategy

Across the Group's three divisions, Ultra operates in the following eight market segments: