For Immediate Release                                                                                                                 6 November 2019

Ultra Electronics Holdings plc

("Ultra" or "the Group")

Q3 2019 Update

Ultra Electronics Holdings plc today updates the market on its performance over the nine months to 30 September 2019.

As anticipated, there has been good order book development since our Interim results and the Group continues to trade in line with expectations.

The ongoing strategic evolution is progressing and there remains good long term opportunities and growth potential for Ultra. Our major markets are growing and our strong technology base is positioning us well on existing and potential future programs.

Capital Markets day

Ultra will host a Capital Markets Day in London on 23 January 2020 to provide a further insight on the Focus; Fix; Grow initiatives and an update on corporate strategy and growth ambitions. For details please contact investor.relations@ultra-electronics.com.

2019 results

Preliminary results for the year ending 31 December 2019 will be released on 10 March 2020.

Enquiries:

About Ultra:

Ultra is a specialist international application-engineered defence solutions provider. The Group operates predominantly in defence and other highly regulated markets with particular expertise in the maritime, and Intelligence & Communication domains. Ultra is a sub-system and systems provider, focused on providing mission specific, bespoke solutions for its customers.