Director/PDMR Shareholding

BAE SYSTEMS PLC
26 July 2005

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



Notification made in accordance with Disclosure rule 3.1.4R(1)(b) of the
Disclosure Rules.

The Company was notified on 25 July 2005 by the trustee of the BAE Systems Share
Incentive Plan, Hill Samuel ESOP Trustees Limited, that on 21 July 2005 the
trustee transferred 13,536 ordinary shares of 2.5 pence each in BAE Systems plc
for nil consideration from Lloyds TSB Registrars Corporate Nominee Limited
AESOP1 (allocated shares) to Lloyds TSB Registrars Corporate Nominee Limited
AESOP2 (unallocated shares). The transfer was made following the forfeiture of
shares, under the Rules of the BAE Systems Share Incentive Plan, from
participants who have left the BAE Systems group.

Each of the following individuals, as Persons Discharging Managerial
Responsibilities and potential participants in the BAE Systems Share Incentive
Plan, are deemed, along with certain other group employees, to have an interest
in the aggregate balance of 55,684 shares now held by Lloyds TSB Registrars
Corporate Nominee Ltd AESOP2 (unallocated shares):

  • Chris Geoghegan
  • Michael Lester
  • Steve Mogford
  • George Rose
  • Mike Turner
  • Alastair Imrie
  • Ian King
  • Mike Rouse
  • Alison Wood.



26 July 2005




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