RNS Number:4136U
Ultra Electronics Holdings PLC
20 January 2004

                           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 REPSECT 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

      19/01/04

12)  Total holding following this notification

      10,917,681
               
13)  Total percentage holding of issued class following this notification

       16.45%

14)  Any additional information



15)  Name of contact and telephone number for queries

      DAVID JEFFCOAT - 0208 8134302

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

     Date of Notification 20/01/2004

SCHEDULE

                            ULTRA ELECTRONICS HOLDINGS PLC
                                 ORDINARY #0.05 SHARES

Held Principal                                             No Of Shares

Deutsche Bank AG London                                       512,735
Deutsche Bank AG Frankfurt                                      7,174

Held in Customer Porfolios   
Morgan Nominees                                               372,836
Bank of New York Nominees                                     116,177
Chase Nominees                                              1,293,982
HSBC Global Custody Noms (UK) Ltd                             199,000
Nortrust Nominees                                           1,007,112
State Street Nominees                                       7,241,565
Vidacos Nominees                                              167,100

TOTAL                                                      10,917,681








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