ULS Technology : 20-Jan-2020 – Directors’ Dealing

ULS Technology Plc

Directors' Dealings & Holdings in Company

ULS Technology plc (LSE:ULS, "Company" or "ULS") received notification on 20 January 2020 from Kestrel Partners LLP ("Kestrel") that on 17 January 2020 it acquired, on behalf of its discretionary clients, 7,000 ordinary shares of 0.4p each ("Shares") in the Company at a price of £0.63 per share. The notification also included the matters set out below.

Mr Scott, a non-executive director of ULS, is a partner of, and holds a beneficial interest in Kestrel. Mr Scott is also a shareholder in one of Kestrel's clients ("Kestrel Opportunities") and is therefore deemed to have a beneficial interest in Kestrel Opportunities' entire legal holding in ULS.

Following this transaction, Kestrel Opportunities holds (and consequently Mr Scott is deemed to have a beneficial interest in) 10,557,149 Shares in the Company, and other clients of Kestrel, in which Mr Scott has no beneficial interest hold 5,546,375 Shares in the Company.

On a combined basis, Kestrel indirectly holds voting rights over 16,103,524 Shares in the Company, which represents 24.97% per cent of the Company's issued share capital.

Kestrel's interest in the Shares in the Company is held through the following nominees:

Holding type	Nominee	No. of shares	% of issued share capital
Indirect	Bank of New York Nominees Ltd	10,557,149	16.37%
Indirect	JIM Nominees Limited	1,271,799	1.97%
Indirect	Bank of New York Nominees Ltd	4,124,336	6.40%
Indirect	Bank of New York Nominees Ltd	150,240	0.23%
For further information contact:
ULS Technology plc	[phone]

John Williams, Finance Director

Steve Goodall, Chief Executive Officer

Numis Securities Limited (NOMAD and Broker)

[phone]

Stuart Skinner

Paul Gillam

ANNEX

Template for notification and public disclosure of transactions by persons discharging

managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely
	associated
a)	Name	Kestrel Partners LLP ('Kestrel')
2	Reason for the notification

a)	Position/status		PCA - Oliver Rupert Andrew Scott (non-executive director of ULS
			Technology plc and Partner in Kestrel)
b)	Initial notification		Initial
	/Amendment
3	Details of the issuer,	emission allowance market participant, auction platform,
	auctioneer or auction monitor
a)	Name		ULS Technology plc
b)	LEI		213800TDUOUSIQT2OT29
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
	each type of transaction; (iii) each date; and (iv) each place where transactions have
	been conducted
a)	Description of the		0.4p Ordinary Shares
	financial instrument,
	type of instrument
	Identification code		ISIN: GB00BNG8T458
b)	Nature of the		Purchase
	transaction
c)	Price(s) and		Purchase:
	volume(s)
			Price(s)	Volume(s)
			GBP 0.63	7,000 Shares
d)	Aggregated
	information		Bought 7,000 Shares in total at £0.63 per share (total price £4,410.00).
	- Aggregated
	volume
	- Price
e)	Date of the	17/01/2020
	transaction
f)	Place of the		London Stock Exchange
	transaction