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Ultraframe PLC (UTF)

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Monday 25 June, 2001

Ultraframe PLC

Holding in Company

Ultraframe PLC
22 June 2001


LETTER TO:  ULTRAFRAME PLC


Further to our letter of 6 June, 2001, and in accordance with Sections 198-202
of the Companies Act 1985, we write on behalf of Deutsche Bank AG, to inform you
that, on the basis that the relevant issued share capital of your company is
93,238,174 ordinary shares, Deutsche Bank AG and its subsidiary companies have a
notifiable interest in the shares of 13.01%. The total interest is in 12,137,918
shares registered in the names and in the amounts as set out in the attached
Schedule.

Companies within the Group acting as Fund Managers hold some of the shares on
behalf of a number of clients whose portfolios are managed on a discretionary
basis.

Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany, of which
Deutsche Bank AG London is a branch.

LETTER FROM:  Deutsche Bank AG.


SCHEDULE                

                              ULTRAFRAME PLC
                            ORDINARY 25P SHARES

Held as Principal                                No of Shares
Morgan Grenfell & Company Limited                  42,223
Deutsche Bank AG London                             7,233

Held in Customer Portfolios
British Overseas Bank A/c 6951                    322,000
BT Globenet Nominees                               46,648
Clydesdale Bank Custodian Nominees                 43,700
Deutsche Bank International Ltd                    43,303
Morgan Nominees                                 4,689,876
Morgan Nominees CHY                               153,100
Morgan Nominees D131                            2,778,488
Morgan Nominees DGR                               280,500
Morgan Nominees SAM                                50,776
MSS Nominees                                    1,588,249
Nortrust Nominees                                 100,750
RBSTB Nominees                                  1,878,881
State Street Nominees                             112,191

Total                                          12,137,918