RNS Number:4248K
Ultra Electronics Holdings PLC
28 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

     25/04/03


11)  Date company informed

     28/04/03


12)  Total holding following this notification

     2,465,591

               
13)  Total percentage holding of issued class following this notification

     3.73%


14)  Any additional information



15)  Name of contact and telephone number for queries

     DAVID JEFFCOAT
     0208 813 4302


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


     Date of Notification    28/04/2003


Schedule A
 

Security: Ultra Electronics Hldgs Plc
  
                                       MANAGEMENT 
        SHARES HELD                     COMPANY            NOMINEE/REGISTERED NAME

(Ordinary Shares)          
            221,024                         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

            102,717                          FPM           Chase Nominees Ltd

            147,500                          FIL           Clydesdale Bank (Head Office) Nominees Limited

              1,875                          FIL           HSBC Client Holdings Nominee (UK) Limited

            252,000                          FIL           Bank of New York London

            253,050                          FIL           Chase Manhattan Bank London

             67,476                          FIL           Northern Trust

             22,500                          FIL           State Street Bank & Trust

            498,945                          FIL           JP Morgan

             82,899                          FIL           Deutsche Bank

Total Ordinary Shares                    2,465,591
 
Current ownership percentage:                3.76%

Shares in issue:                        66,039,930 as at 31/12/02 : 3.73%

Change in holdings since last filing:   (251,844) ordinary shares


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

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