Published Wednesday, 05 February 2014
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It means the New Zealand man, who arrived at Ravenhill in summer 2012, will remain in the province until at least the summer of 2015.
"My focus over the next year and a half will be to finish the job that I have started and to bring some silverware back to Ravenhill," Anscombe said, after Wednesday's announcement.
"I have enjoyed my time at Ravenhill so far.
"We have made good progress, we have a great squad and some excellent young players coming through, so I am pleased to be committing for a further year."
Anscombe guided Ulster to the final of the Pro12 and the quarter finals of the Heineken Cup in his first season in charge of the club.
This year his team have enjoyed a record six wins out of six in the pool stages of the cup including memorable victories over Montpellier and Leicester Tigers.
Anscombe continued: "I said when I started at Ulster that I believed that this would be a three-year project. We are half way through that now. We have a home Heineken Cup quarter-final and we are competing for a play-off place in the Pro12 once again."
Ulster's Director of Rugby, David Humphreys, said there has been "huge progress on and off the pitch" over the past 18 months.
Mr Humphreys went on: "Through his coaching, knowledge of the game and experience, Mark Anscombe has taken team performance to a new level and we are delighted he has committed to the Province for a further 12 months.
"The redevelopment of Ravenhill is almost complete, we are in a home Heineken Cup quarter-final, and our representation in the Ireland squad is growing.
"It is an exciting time to be part of Ulster Rugby."
© UTV News