Yes, Ubuntu also has security bugs. But this one can be used in the last steps of attacking. There are some requirements for this code to work. Attacker need to find a vulnerability in a process and run a shellcode and if that executable has CAP_SYS_ADMIN capability, then using this bug it can get root privileges.
To run this exploit download source from http://www.exploit-db.com/download/15944 and do the following steps: