RNS Number:7591Q
Ultra Electronics Holdings PLC
10 October 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

      09/10/03

12)  Total holding following this notification

      7,299,232
               
13)  Total percentage holding of issued class following this notification

      11.01%

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 10/10/2003

SCHEDULE

                         ULTRA ELECTRONICS HOLDINGS PLC
                             ORDINARY #0.05 SHARES

Held as Principal                                              No of Shares

Deutsche Bank AG London                                             196,010
Deutsche Bank AG Frankfurt                                            7,174

Held in Customer Portfolios
Morgan Nominees                                                     551,000
Bank of New York Nominees                                           111,728
Chase Nominees                                                      357,800
HSBC Global Custody Noms (UK) Ltd                                    40,000
Nortrust Nominees                                                   174,000
State Street Nominees                                             5,753,120
Vidacos Nominees                                                    108,400

TOTAL                                                             7,299,232


8 October 2003





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