Director/PDMR Shareholding

RNS Number : 1383J

BAE SYSTEMS PLC

24 March 2010

BAE SYSTEMS plc

NOTIFICATION OF TRANSACTIONS OF PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES OR THEIR CONNECTED PERSONS

Notifications made in accordance with DTR 3.1.4R(1)(a) of the Disclosure Rules and Transparency Rules:

(i) The Company was yesterday notified by the trustee of the BAE Systems ESOP Trust, IFG Trust (Jersey) Limited, that the following PDMRs purchased ordinary shares of 2.5p each in BAE Systems plc at a consideration of 388.8 pence per share ("Investment Shares") under the BAE Systems Share Matching Plan on 23 March 2010. The transaction took place on the London Stock Exchange and the shares are held in the name of IFG Trust (Jersey) Limited. The same PDMRs were concurrently awarded a contingent interest in ordinary shares of 2.5p each in BAE Systems plc at nil consideration ("Award Shares") also under the BAE Systems Share Matching Plan. The number of shares acquired were as follows:

Name of PDMR	Number of Investment Shares acquired (beneficial interest)	Number of Award Shares acquired (contingent interest)
Philip Bramwell	30,900	104,745
Andrew Davies	23,592	79,972
Alan Garwood	15,433	52,315
Guy Griffiths	13,274	44,996
Mike Heffron	20,423	69,230
Linda Hudson	28,433	96,383
Alastair Imrie	15,537	52,667
Ian King	127,352	431,701
Charlotte Lambkin	9,472	32,108
Bob Murphy	19,360	65,627
George Rose	38,173	129,400
Nigel Whitehead	34,639	117,420

(ii) The Company yesterday granted options under the BAE Systems Performance Share Plan to the following PDMRs as set out below:

Name of PDMR	Number of shares granted under option
Philip Bramwell	178,240
Andrew Davies	131,134
Alan Garwood	161,689
Guy Griffiths	157,445
Mike Heffron*	173,169
Linda Hudson*	383,966
Alastair Imrie	175,694
Ian King	578,703
Charlotte Lambkin	109,278
Bob Murphy*	168,947
George Rose	400,270
Nigel Whitehead	185,879

The above options granted on 23 March 2010 are over ordinary shares of 2.5p each in BAE Systems plc at nil consideration. The options are exercisable in three tranches between 23.03.13 and 23.03.17 subject to the attainment of performance conditions.

* A conditional award of shares was granted on 23 March 2010 over ordinary shares of 2.5p each BAE Systems plc at nil consideration as set out above. The award vests in three tranches between 23.03.13 and 23.03.15 subject to the attainment of performance conditions.

(iii) The Company was notified today that the following PDMRs exercised options over ordinary shares of 2.5 pence each in BAE Systems plc under the BAE Systems Performance Share Plan at nil consideration on 24 March 2010. Some of the shares were subsequently disposed of on 24 March 2010 as indicated below. These transactions took place on the London Stock Exchange.

Name of PDMR	No. of shares under option exercised	No. of shares sold	Price per share at which sold
Andrew Davies	8,998	4,393	381.16 pence
Mike Heffron*	7,073	2,277	381 pence
Ian King	49,313	24,068	381.16 pence
Bob Murphy*	14,941	5,357	381 pence
George Rose	63,133	63,133	381.16 pence
Nigel Whitehead	50,505	44,041	381.16 pence