Prior year restatement in new divisional structure

Embargoed until 0700 31 July 2015

Ultra Electronics Holdings plc

("Ultra" or "the Group")

Prior year restatement in new divisional structure

As announced on the 24 June 2015 the Group's business reporting lines have been changed and the divisions renamed: Aerospace & Infrastructure; Communications & Security and Maritime & Land. The Group will report against these Divisions from the 2015 Interim Results.

Ahead of the interim results announcement on Monday 3 August 2015, issued below are the prior year H1 results restated in the new divisional structure.

* refers to 'underlying operating profit' defined as operating profit before amortisation of intangibles arising on acquisitions, impairment of goodwill and adjustments to deferred consideration net of acquisition related costs.

† During 2014 the Command & Control business moved from the Group's Information & Power Systems division into the Tactical & Sonar Systems division and the MSI and AMI businesses moved from the Aircraft & Vehicle Systems division into the Information & Power Systems division and Tactical & Sonar Systems divisions respectively. The H1 2014 segmental analysis has been restated to reflect these changes

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Enquiries:

Ultra Electronics Holdings PLC

www.ultra-electronics.com +44 20 8813 4300

Rakesh Sharma, Chief Executive

Mary Waldner, Group Finance Director

Susan McErlain, Corporate Affairs Director +44 7836 522 722

MHP Communications

James White +44 20 3128 8756

Further information about Ultra:

Ultra Electronics is an internationally successful defence, security, transport and energy company with a long, consistent 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, non-threatening 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