Alvis plc

BAE SYSTEMS PLC
11 March 2004

                                                              11 March 2004



                                   Alvis plc

BAE SYSTEMS has noted the announcement this morning by General Dynamics of a
cash offer for Alvis plc and confirms that it is reviewing its options in
relation to its 28.95% shareholding.

A further announcement will be made in due course, if appropriate.



Ends



Issued by:

BAE SYSTEMS

London


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