RNS Number:8221J
Ultra Electronics Holdings PLC
9 April 2003


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

ULTRA ELECTRONICS HOLDINGS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

FIDELITY INVESTMENTS

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

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.

SEE BELOW

5)   Number of shares/amount of stock acquired.



6)   ( N/A %) of issued Class

7)   Number of shares/amount of stock disposed



8)   ( N/A %) of issued Class

9)   Class of security

5P ORDINARY SHARES

10)  Date of transaction

08/04/03

11)  Date company informed

8/04/03

12)  Total holding following this notification

2,717,435
               
13)  Total percentage holding of issued class following this notification

4.11%

14)  Any additional information



15)  Name of contact and telephone number for queries

DAVID JEFFCOAT
020 8813 4302

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ......... 09/04/2003 ...............



SCHEDULE A

                                                       AMENDMENT NO.3


SECURITY:   ULTRA ELECTRONICS HLDGS PLC

                                        MANAGEMENT
                        SHARES HELD     COMPANY        NOMINEES/REGISTERED NAME
(ORDINARY                     
  SHARES)
                            500,000     FMRCO     HSBC
                              5,400     FMTC      BROWN BROTHERS HARRIMAN
                             10,500     FMTC      STATE STREET NOMINEES LTD
                              4,700     FMTC      STATE STREET BANK & TRUST
                            363,605     FISL      CLYDESDALE BANK (HEAD OFFICE)
                                                    NOMINEES LIMITED
                            270,800     FPM       BANKERS TRUST
                            160,600     FPM       HSBC
                             90,000     FPM       CHASE NOMINEES LTD
                            147,500     FIL       CLYDESDALE BANK (HEAD OFFICE) 
                                                    NOMINEES LIMITED
                              1,875     FIL       HSBC CLIENT HOLDINGS NOMINEES
                                                    (UK) LIMITED
                            252,000     FIL       BANK OF NEW YORK LONDON
                            253,050     FIL       CHASE MANHATTAN BANK LONDON
                             62,960     FIL       NORTHERN TRUST
                             22,500     FIL       STATE STREET BANK & TRUST
                            498,945     FIL       JP MORGAN
                             73,000     FIL       DEUTSCHE BANK

TOTAL ORDINARY SHARES     2,717,435

CURRENT OWNERSHIP
   PERCENTAGE                4.15%

SHARES IN ISSUE:       66,039,930 OR AT 31/12/02  THEREFORE 4.11%

CHANGE IN HOLDINGS SINCE LAST FILING:  +181,264 ORDINARY SHARES
          


                      This information is provided by RNS
            The company news service from the London Stock Exchange


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