Partnership with Jupitor Corporation

Embargoed until 0700 31 August 2017

Ultra Electronics Holdings plc

("Ultra" or "the Group")

Ultra Electronics expands partnership with Jupitor Corporation to support future Japanese aerospace requirements

Ultra Electronics announced today that it has expanded its relationship with Jupitor Corporation of Tokyo, Japan, to support the introduction of its latest technologies on major Japanese aerospace programmes.

Jupitor has a long and successful history of supplying the latest aerospace technology to the benefit of its Japanese and regional customers and, with its excellent connections in Japanese industry, provides Ultra with the best possible regional partner to support its aerospace business.

The enhanced partnership allows world-leading Ultra technology to be offered on the latest Japanese aerospace platforms. In addition, Ultra's ability to offer ITAR-free technology supports continued development within the industry.

The announcement was made during Ultra's participation in Prime Minister Theresa May's three-day visit to Japan.

Rakesh Sharma, Chief Executive of Ultra commented: "I am very pleased that Ultra's partnership with Jupitor has been expanded to encompass the latest aerospace technologies. Japan is an important market for Ultra and our aerospace technology is particularly well suited to the future civil and military aircraft platforms currently under development in Japan. Through our relationship with Jupitor we are making use of some of the best local knowledge and experience within the industry.

Toshiyasu Asano, President of Jupitor Corporation commented: "It is Jupitor's mission to benefit Japan industry through the introduction of cutting-edge technologies which satisfy our customers' needs. Introducing Ultra's expertise and experience in state-of-the-art aerospace products to our customers in Japan is core to this mission and we are therefore delighted to build upon our long-standing relationship.

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Enquiries:

Rakesh Sharma, Chief Executive +44 (0) 20 8813 4307

Susan McErlain, Corporate Affairs Director +44 (0) 7836 522 722

Chris Binsley, Corporate Marketing Director +44 (0) 20 8813 4301

James White, MHP Communications +44 (0) 20 3128 8756

www.ultra-electronics.com

Further information about Ultra:

Ultra Electronics is an internationally successful defence, security, transport and energy company with a long 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, nonthreatening 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:

· Aerospace

· Communications

· C2ISR

· Infrastructure

· Land

· Maritime

· Nuclear

· Underwater Warfare