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:

23 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:

1,703,832

2.39%

16,288

0.02%

(2)

Cash-settled derivatives:

4,000

0.01%

1,336,901

1.87%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

1,707,832

2.39%

1,353,189

1.89%

(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

3

33.3100 GBP

5p ordinary

Purchase

88

33.3300 GBP

5p ordinary

Purchase

91

33.3000 GBP

5p ordinary

Purchase

93

33.3700 GBP

5p ordinary

Purchase

102

33.3594 GBP

5p ordinary

Purchase

129

33.3237 GBP

5p ordinary

Purchase

248

33.2879 GBP

5p ordinary

Purchase

334

33.3365 GBP

5p ordinary

Purchase

380

33.3476 GBP

5p ordinary

Purchase

459

33.3200 GBP

5p ordinary

Purchase

479

33.3400 GBP

5p ordinary

Purchase

630

33.3302 GBP

5p ordinary

Purchase

695

33.3254 GBP

5p ordinary

Purchase

850

33.3169 GBP

5p ordinary

Purchase

1,000

33.2400 GBP

5p ordinary

Purchase

1,342

33.3104 GBP

5p ordinary

Purchase

1,468

33.3523 GBP

5p ordinary

Purchase

1,477

33.3653 GBP

5p ordinary

Purchase

1,522

33.3266 GBP

5p ordinary

Purchase

1,752

33.2987 GBP

5p ordinary

Purchase

5,980

33.3333 GBP

5p ordinary

Purchase

7,691

33.3488 GBP

5p ordinary

Purchase

21,408

33.3348 GBP

5p ordinary

Purchase

23,503

33.3449 GBP

5p ordinary

Purchase

23,632

33.3250 GBP

5p ordinary

Purchase

32,087

33.3637 GBP

5p ordinary

Sale

51

33.3462 GBP

5p ordinary

Sale

91

33.3000 GBP

5p ordinary

Sale

93

33.3700 GBP

5p ordinary

Sale

152

33.3600 GBP

5p ordinary

Sale

159

33.2782 GBP

5p ordinary

Sale

169

33.3608 GBP

5p ordinary

Sale

205

33.3485 GBP

5p ordinary

Sale

210

33.3269 GBP

5p ordinary

Sale

309

33.3400 GBP

5p ordinary

Sale

319

33.3200 GBP

5p ordinary

Sale

390

33.2907 GBP

5p ordinary

Sale

689

33.3385 GBP

5p ordinary

Sale

777

33.3341 GBP

5p ordinary

Sale

802

33.3154 GBP

5p ordinary

Sale

890

33.3021 GBP

5p ordinary

Sale

913

33.3800 GBP

5p ordinary

Sale

948

33.3300 GBP

5p ordinary

Sale

953

33.3242 GBP

5p ordinary

Sale

1,760

33.3320 GBP

5p ordinary

Sale

1,774

33.3326 GBP

5p ordinary

Sale

1,939

33.3366 GBP

5p ordinary

Sale

2,213

33.3313 GBP

5p ordinary

Sale

3,910

33.3369 GBP

5p ordinary

Sale

5,081

33.3791 GBP

5p ordinary

Sale

11,454

33.3275 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

5,801

33.3219 GBP

5p ordinary

 SWAP

Long

7,092

33.3257 GBP

5p ordinary

 SWAP

Long

8,804

33.3315 GBP

5p ordinary

 SWAP

Short

37

33.3427 GBP

5p ordinary

 SWAP

Short

98

33.4000 GBP

5p ordinary

 SWAP

Short

105

33.3200 GBP

5p ordinary

 SWAP

Short

145

33.2924 GBP

5p ordinary

 SWAP

Short

228

33.2936 GBP

5p ordinary

 SWAP

Short

630

33.3007 GBP

5p ordinary

 CFD

Short

695

33.3254 GBP

5p ordinary

 CFD

Short

1,578

33.2916 GBP

5p ordinary

 SWAP

Short

5,098

33.3405 GBP

5p ordinary

 SWAP

Short

6,689

33.3137 GBP

5p ordinary

 SWAP

Short

7,691

33.3488 GBP

5p ordinary

 SWAP

Short

11,862

33.3434 GBP

5p ordinary

 SWAP

Short

23,503

33.3449 GBP

5p ordinary

 SWAP

Short

23,632

33.3250 GBP

5p ordinary

 SWAP

Short

32,087

33.3637 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:

24 Mar 2022

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213