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Ultraframe PLC (UTF)

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Wednesday 28 November, 2001

Ultraframe PLC

Holding in Company

Ultraframe PLC
28 November 2001


To:  Ultraframe Plc
Date:  27 November 2001


Further to our letter of 24 October, 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
97,386,889 ordinary shares, Deutsche Bank AG and its subsidiary companies have a
notifiable interest in the shares of 15.07%.  The total interest is in 
14,679,804 shares registered in the names and in the amounts as set out in the 
schedule below.

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.

From:  Deutsche Bank AG 

SCHEDULE

                             ULTRAFRAME PLC
                          ORDINARY £0.25 SHARES

Held as Principal                                            No of Shares

Deutsche Bank AG London                                             1,090
Morgan Grenfell & Co Limited                                      381,213

Held in Customer Portfolios
Morgan Nominees                                                 5,679,595
Morgan Nominees CHY                                               149,100
Morgan Nominees D131                                            2,772,020
Morgan Nominees DGR                                               280,500
Morgan Nominees MER                                                34,700
Morgan Nominees SAM                                                50,776
Bank of New York Nominees                                         322,000
Chase Nominees                                                  1,565,231
Clydesdale Bank Custodian Nominees                                 43,700
CSFB Depositary                                                    54,000
Deutsche Bank International Ltd                                    43,303
HSBC Global Custody Noms (UK) Ltd                                 425,449
Nortrust Nominees                                                 488,100
RBSTB Nominees                                                  2,276,836
State Street Nominees                                             112,191

Total                                                          14,679,804