RNS Number:9894H
Ultra Electronics Holdings PLC
26 February 2003

                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY

ULTRA ELECTRONICS HOLDINGS PLC

2)  NAME OF DIRECTOR

D. CASTER     F. HOPE
A. HAMMENT    D. JEFFCOAT

3)  Please state whether notification indicates that it is in respect of
    holding of the shareholder named in 2 above or in respect of a
    non-beneficial interest or in the case of an individual holder
    if it is a holding of that person's spouse or children under the
    age of 18 or in respect of an non-beneficial interest

IN RESPECT OF 2 ABOVE

4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them. (If notified)

ULTRA ELECTRONICS HOLDINGS PLC
EMPLOYEE BENEFIT TRUST

5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

N/A

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

SELF FUNDED PURCHASE THROUGH ALL EMPLOYEE SHARE OWNERSHIP PLAN

7)  Number of shares/amount of
    stock acquired

4 SHARES EACH
EXCEPT D. JEFFCOAT  3 SHARES

8)   ( %)
    of issued Class

LESS THAN 0.1%

9)  Number of shares/amount
    of stock disposed

N/A

10)  ( N/A %)
    of issued Class



11) Class of security

5P ORDINARY SHARES

12) Price per share

#4.58

13) Date of transaction

25/02/03

14) Date company informed

25/02/03

15) Total holding following this notification

D. CASTER   1,273,003     F. HOPE      23,866
A. HAMMENT     64,507     D. JEFFCOAT  14,053

16) Total percentage holding of issued class following this notification

D. CASTER