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:

07 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:

1,956,438

2.73%

14,500

0.02%

(2)

Cash-settled derivatives:

0

0.00%

1,905,045

2.65%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,956,438

2.73%

1,919,545

2.67%

(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

73

32.8200 GBP

5p ordinary

Purchase

183

32.8000 GBP

5p ordinary

Purchase

203

32.6400 GBP

5p ordinary

Purchase

224

32.6000 GBP

5p ordinary

Purchase

241

32.6092 GBP

5p ordinary

Purchase

454

32.7228 GBP

5p ordinary

Purchase

581

32.6641 GBP

5p ordinary

Purchase

1,134

32.7997 GBP

5p ordinary

Purchase

1,163

32.6023 GBP

5p ordinary

Purchase

1,546

32.6280 GBP

5p ordinary

Purchase

2,655

32.7356 GBP

5p ordinary

Purchase

2,800

32.6898 GBP

5p ordinary

Purchase

3,769

32.6856 GBP

5p ordinary

Purchase

8,208

32.6735 GBP

5p ordinary

Purchase

8,299

32.6575 GBP

5p ordinary

Purchase

10,690

32.6555 GBP

5p ordinary

Purchase

14,640

32.6154 GBP

5p ordinary

Purchase

23,044

32.4800 GBP

5p ordinary

Purchase

61,055

32.6978 GBP

5p ordinary

Sale

2

32.5300 GBP

5p ordinary

Sale

4

32.5350 GBP

5p ordinary

Sale

246

32.6351 GBP

5p ordinary

Sale

651

32.6200 GBP

5p ordinary

Sale

1,140

32.6506 GBP

5p ordinary

Sale

3,000

32.7964 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

6

32.5266 GBP

5p ordinary

 SWAP

Long

100

32.5197 GBP

5p ordinary

 SWAP

Long

146

32.7141 GBP

5p ordinary

 SWAP

Long

1,791

32.6395 GBP

5p ordinary

 SWAP

Short

454

32.7228 GBP

5p ordinary

 CFD

Short

672

32.5362 GBP

5p ordinary

 SWAP

Short

1,546

32.6280 GBP

5p ordinary

 SWAP

Short

1,647

32.7703 GBP

5p ordinary

 SWAP

Short

2,800

32.6898 GBP

5p ordinary

 SWAP

Short

3,149

32.5887 GBP

5p ordinary

 SWAP

Short

5,040

32.6633 GBP

5p ordinary

 SWAP

Short

10,000

32.5026 GBP

5p ordinary

 SWAP

Short

10,000

32.6018 GBP

5p ordinary

 SWAP

Short

10,000

32.6986 GBP

5p ordinary

 SWAP

Short

10,000

32.6990 GBP

5p ordinary

 SWAP

Short

10,000

32.7025 GBP

5p ordinary

 SWAP

Short

10,000

32.7026 GBP

5p ordinary

 SWAP

Short

10,000

32.8026 GBP

5p ordinary

 SWAP

Short

10,000

32.8997 GBP

5p ordinary

 SWAP

Short

20,000

32.6026 GBP

5p ordinary

 SWAP

Short

21,726

32.4800 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:

8 Jun 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213