RNS Number:0889U
Ultra Electronics Holdings PLC
9 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 A.G.

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

      09/01/2003

12)  Total holding following this notification

      9,042,563
               
13)  Total percentage holding of issued class following this notification

      13.63%

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 ...09/01/2004....



SCHEDULE         

                          ULTRA ELECTRONICS HOLDINGS PLC
                              ORDINARY #0.05 SHARES

Held as Principal                                      No of Shares

Deutsche Bank AG London                                  461,018
Deutsche Bank AG Frankfurt                                 7,174

Held in Customer Portfolios                    
Morgan Nominees                                          284,136
Bank of New York Nominees                                116,177
Chase Nominees                                         1,155,882
HSBC Global Custody Noms (UK) Ltd                        170,000
Nortrust Nominees                                        394,111
State Street Nominees                                  6,345,665
Vidacos Nominees                                         108,400

TOTAL                                                  9,042,563



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


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