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:

24 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:

1,709,556

2.39%

18,451

0.03%

(2)

Cash-settled derivatives:

4,000

0.01%

1,336,783

1.87%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,713,556

2.40%

1,355,234

1.90%

(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

17

33.2800 GBP

5p ordinary

Purchase

19

33.2300 GBP

5p ordinary

Purchase

72

33.1900 GBP

5p ordinary

Purchase

84

33.2825 GBP

5p ordinary

Purchase

164

33.2831 GBP

5p ordinary

Purchase

211

33.2600 GBP

5p ordinary

Purchase

261

33.2400 GBP

5p ordinary

Purchase

360

33.2690 GBP

5p ordinary

Purchase

435

33.2566 GBP

5p ordinary

Purchase

526

33.2700 GBP

5p ordinary

Purchase

711

33.2952 GBP

5p ordinary

Purchase

894

33.2586 GBP

5p ordinary

Purchase

1,524

33.2781 GBP

5p ordinary

Purchase

1,755

33.2447 GBP

5p ordinary

Purchase

2,190

33.3000 GBP

5p ordinary

Purchase

3,821

33.2519 GBP

5p ordinary

Purchase

4,366

33.2490 GBP

5p ordinary

Purchase

5,883

33.2157 GBP

5p ordinary

Purchase

12,728

33.2910 GBP

5p ordinary

Purchase

32,843

33.2228 GBP

5p ordinary

Sale

17

33.2809 GBP

5p ordinary

Sale

17

33.2800 GBP

5p ordinary

Sale

39

33.2600 GBP

5p ordinary

Sale

67

33.2805 GBP

5p ordinary

Sale

110

33.2500 GBP

5p ordinary

Sale

188

33.2075 GBP

5p ordinary

Sale

392

33.2550 GBP

5p ordinary

Sale

431

33.2400 GBP

5p ordinary

Sale

543

33.2706 GBP

5p ordinary

Sale

797

33.2000 GBP

5p ordinary

Sale

4,063

33.2316 GBP

5p ordinary

Sale

4,715

33.2148 GBP

5p ordinary

Sale

6,957

33.2019 GBP

5p ordinary

Sale

14,882

33.2401 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

188

33.2059 GBP

5p ordinary

 SWAP

Long

4,359

33.2322 GBP

5p ordinary

 SWAP

Long

4,715

33.2148 GBP

5p ordinary

 SWAP

Short

95

33.3000 GBP

5p ordinary

 SWAP

Short

172

33.2710 GBP

5p ordinary

 SWAP

Short

180

33.2403 GBP

5p ordinary

 SWAP

Short

183

33.2388 GBP

5p ordinary

 SWAP

Short

205

33.2676 GBP

5p ordinary

 SWAP

Short

230

33.2706 GBP

5p ordinary

 CFD

Short

283

33.2644 GBP

5p ordinary

 SWAP

Short

371

33.2496 GBP

5p ordinary

 SWAP

Short

541

33.2626 GBP

5p ordinary

 CFD

Short

711

33.2952 GBP

5p ordinary

 SWAP

Short

8,256

33.2273 GBP

5p ordinary

 SWAP

Short

10,300

33.2102 GBP

5p ordinary

 SWAP

Short

19,702

33.2375 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:

25 Mar 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213