RNS Number:0598L
Ultra Electronics Holdings PLC
13 May 2003


                       DEALINGS BY DIRECTORS


1)  NAME OF COMPANY
ULTRA ELECTRONICS HOLDINGS PLC


2)  NAME OF DIRECTOR
DOUGLAS CASTER


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)
DOUGLAS CASTER


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
LTIP AWARD


7)  Number of shares/amount of
    stock acquired
27,743


8)   (< 0.1%)
    of issued Class


9)  Number of shares/amount
    of stock disposed
27,743


10)  (