On 28 April 2014 Ultra announced that it had agreed to acquire Forensic Technology WAI Inc

(“Forensic Technology”) for an initial cash consideration of CAD $94m, with additional

payments of up to $6m being made subject to earnings growth over the next two years. The

transaction was subject to US regulatory approval process.

Ultra now reports that it has received US regulatory approval for the acquisition and that the

transaction has been closed.

Enquiries:

Rakesh Sharma , Chief Executive 020 8813 4307

Mary Waldner, Group Finance Director

Susan Ellis, Corporate Affairs Adviser 07836 522 722

James White, MHP Communications 020 3128 8756

www.ultra-electronics.com

Further information about Ultra:

Ultra Electronics is an internationally successful defence, security, transport and energy company with

a long, consistent track record of development and growth. Ultra businesses constantly innovate to

create solutions to customer requirements that are different from and better than those of the Group’s

competitors. The Group has a broad range of distinct market or technology niches within its twenty nine

businesses. The diversity of niches enables Ultra to contribute to a large number of platforms and

programmes and provides resilience to the Group’s financial performance.

Ultra has world-leading positions in many of its niches and, as an independent, non-threatening partner,

is able to support all of the main prime contractors with specialist capabilities and solutions. As a result

of such positioning, Ultra’s systems, equipment or services are often mission-critical to the successful

operation of the platform to which they contribute. In turn, this mission-criticality secures Ultra’s

positions for the long term which underpin the superior financial performance of the Group.

Ultra offers support to its customers through the design, delivery and support phases of a programme.

Ultra businesses have a high degree of operational autonomy where the local management teams are

empowered to devise and implement competitive strategies that reflect their expertise in their specific

niches. The Group has a small head office and executive team that provide to the individual businesses

the same agile, responsive support that they provide to customers as well as formulating Ultra’s

overarching, corporate strategy.

Across the Group’s three divisions, the major market sectors in which Ultra operates are:

Defence: Ultra supplies advanced electronic and electrical systems and equipment to coalition defence

forces around the world. The Group innovates to provide specialist capabilities that are superior to

those available to the enemy. By focusing on delivering comparative military advantage, Ultra can gain

market share and exploit the headroom for growth that is available in defence budgets worldwide.

Security and cyber: Ultra provides highly differentiated systems and capabilities to the broad security,

intelligence and cyber market. Driven by the actions of rogue states, terrorist groups and organised

crime, governments worldwide are focusing expenditure preferentially on addressing these threats.

Ultra has highly specialised capabilities in secure communications, networks and high grade

cryptographic equipment, key management systems and surveillance and intelligence gathering

systems.

Transport: Ultra provides specialist software, systems and equipment for use in mass passenger

transport systems. This includes high integrity real-time controls for civil aircraft, advanced IT solutions

for modern airports and trackside power equipment for transit rail systems. Demand in all areas is

driven by rising populations in affluent and developing regions of the world.

Energy: Countries around the world are addressing the strategic need to have secure access to

increasing amounts of low carbon energy. Ultra has a range of safety critical sensors and controls used

in existing and new build nuclear reactors. The Group has innovative portable energy sources powered

by readily available propane gas. Ultra also has specialist sensors, derived from defence applications,

which are highly effective in the underwater environment at hydrocarbon mapping.