AGM Statement

For Immediate Release                                                                                                                 3 May 2019

Ultra Electronics Holdings plc

("Ultra" or "the Group")

AGM Statement

Ultra Electronics Holdings plc, will be holding its Annual General Meeting in London at 10:00am today.  At the meeting Tony Rice, Non-Executive Chairman, will make the following statement:

"We are pleased to report that, as anticipated, the Group is seeing further positive developments in our order book and continues to trade in line with expectations. The Group's new "Focus, Fix, Grow" initiative and move to average working capital throughout the year is producing positive early results. The Board remains confident that 2019 will be a year of good underlying progress."

Ultra will report its Interim results for the six months ending 30 June 2019 on 6 August 2019.

Enquiries:

About Ultra:

Ultra is a specialist international electrical and electronics engineering company. The Group operates predominantly in defence and other highly regulated markets with particular expertise in the maritime, and C3 (command, communication, and control including cyber) domains. Ultra is a Tier 3 equipment/sub-system and Tier 2 systems provider, focused on providing mission specific, bespoke solutions for its customers.