RNS Number:2179Q
Ultra Electronics Holdings PLC
26 September 2003


                           SCHEDULE 10
 
             NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)   NAME OF COMPANY

     ULTRA ELECTRONICS HOLDINGS PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     DEUTSCHE BANK AG

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)   Percentage of issued Class

     -

7)   Number of shares/amount of stock disposed

     -

8)   Percentage of issued Class

     -

9)   Class of security

     5p ORDINARY SHARES

10)  Date of transaction

     -

11)  Date company informed

     25 SEP 2003

12)  Total holding following this notification

     6,808,620
               
13)  Total percentage holding of issued class following this notification

     10.27%

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      26 SEPTEMBER 2003




SCHEDULE

                         ULTRA ELECTRONICS HOLDINGS PLC
                             ORDINARY #0.05 SHARES

Held as Principal                                              No of Shares

Deutsche Bank AG London                                             146,838
Deutsche Bank AG Frankfurt                                            7,174

Held in Customer Portfolios
Morgan Nominees                                                   1,691,947
Morgan Nominees Account D131                                      1,418,335
Morgan Nominees Account SL                                          168,703
Bank of New York Nominees                                           111,728
Chase Nominees                                                      297,377
Clydesdale Bank Custodian Nominees                                  101,000
HSBC Global Custody Noms (UK) Ltd                                    40,000
Nortrust Nominees                                                   168,859
State Street Nominees                                             2,557,343
Vidacos Nominees                                                     99,316

TOTAL                                                             6,808,620


NOTE: The shares comprised under this notification may, from time to time, be
the subject of a stock lending agreement resulting in a change in registration 
but not in DBAG's interest in the shares.



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

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