Form 8.3 - ULTRA ELECTRONICS HOLDINGS PLC

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:

22 March 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:

1,566,432

2.19%

19,080

0.03%

(2)

Cash-settled derivatives:

4,000

0.01%

1,195,520

1.67%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,570,432

2.20%

1,214,600

1.70%

(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

1

33.2200 GBP

5p ordinary

Purchase

92

33.4000 GBP

5p ordinary

Purchase

96

33.2600 GBP

5p ordinary

Purchase

102

33.5200 GBP

5p ordinary

Purchase

124

33.2000 GBP

5p ordinary

Purchase

133

33.1789 GBP

5p ordinary

Purchase

178

31.9600 GBP

5p ordinary

Purchase

193

33.4296 GBP

5p ordinary

Purchase

284

33.5000 GBP

5p ordinary

Purchase

285

33.5400 GBP

5p ordinary

Purchase

420

32.8787 GBP

5p ordinary

Purchase

496

32.4278 GBP

5p ordinary

Purchase

585

33.4200 GBP

5p ordinary

Purchase

627

33.2002 GBP

5p ordinary

Purchase

632

32.8866 GBP

5p ordinary

Purchase

979

32.7885 GBP

5p ordinary

Purchase

1,035

31.9112 GBP

5p ordinary

Purchase

1,052

32.7108 GBP

5p ordinary

Purchase

11,676

33.4859 GBP

5p ordinary

Purchase

18,611

33.2392 GBP

5p ordinary

Purchase

64,170

33.6128 GBP

5p ordinary

Sale

1

33.2200 GBP

5p ordinary

Sale

81

33.5039 GBP

5p ordinary

Sale

120

32.9773 GBP

5p ordinary

Sale

136

33.2611 GBP

5p ordinary

Sale

230

33.2000 GBP

5p ordinary

Sale

262

33.1800 GBP

5p ordinary

Sale

285

33.5400 GBP

5p ordinary

Sale

427

33.4148 GBP

5p ordinary

Sale

454

33.5000 GBP

5p ordinary

Sale

484

32.9296 GBP

5p ordinary

Sale

522

33.2296 GBP

5p ordinary

Sale

523

33.5200 GBP

5p ordinary

Sale

552

33.2214 GBP

5p ordinary

Sale

945

33.0194 GBP

5p ordinary

Sale

2,646

31.8985 GBP

5p ordinary

Sale

4,103

33.4809 GBP

5p ordinary

Sale

12,342

33.1779 GBP

5p ordinary

Sale

15,059

33.5620 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

134

33.4200 GBP

5p ordinary

 SWAP

Long

215

31.9855 GBP

5p ordinary

 SWAP

Long

2,646

31.8986 GBP

5p ordinary

 SWAP

Long

5,074

33.3035 GBP

5p ordinary

 SWAP

Long

8,344

33.1051 GBP

5p ordinary

 SWAP

Short

634

33.4200 GBP

5p ordinary

 CFD

Short

812

31.9707 GBP

5p ordinary

 SWAP

Short

979

32.7884 GBP

5p ordinary

 CFD

Short

1,035

31.9112 GBP

5p ordinary

 SWAP

Short

1,161

33.1701 GBP

5p ordinary

 SWAP

Short

2,465

33.3049 GBP

5p ordinary

 SWAP

Short

7,999

33.0968 GBP

5p ordinary

 SWAP

Short

9,190

33.3333 GBP

5p ordinary

 SWAP

Short

64,170

33.6128 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:

23 Mar 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213