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Ultraframe PLC (UTF)

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Wednesday 27 March, 2002

Ultraframe PLC

Holding(s) in Company

Ultraframe PLC
27 March 2002

LETTER TO:  ULTRAFRAME PLC
            26 March 2002

Further to our letter of 27 November, 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 13.99%.  The total interest is in
13,627,984 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 London

SCHEDULE

                                    ULTRAFRAME PLC
                                ORDINARY £0.25 SHARES


Held as Principal                                                   No of Shares

Morgan Grenfell & Co Limited                                             304,958

Held in Customer Portfolios

Morgan Nominees                                                        5,901,764

Morgan Nominees CHY                                                      149,100

Morgan Nominees D131                                                   2,745,227

Morgan Nominees DGR                                                      280,500

Morgan Nominees MER                                                       34,700

Morgan Nominees NG                                                        13,704

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                                        411,249

Nortrust Nominees                                                        488,100

RBSTB Nominees                                                         1,107,481

State Street Nominees                                                    112,191

Total                                                                 13,627,984

                      This information is provided by RNS
            The company news service from the London Stock Exchange