Director Shareholding

BAE SYSTEMS PLC 16 July 2001 DEALINGS BY DIRECTORS 1) NAME OF COMPANY BAE SYSTEMS PLC 2) NAME OF DIRECTOR SIR CHARLES MASEFIELD 3) Please state whether notification indicates that it is in respect of holding of the shareholder named in 2 above or in respect of a non-beneficial interest or in the case of an individual holder if it is a holding of that person's spouse or children under the age of 18 or in respect of an non-beneficial interest DIRECTOR NAMED IN 2 ABOVE 4) Name of the registered holder(s) and, if more than one holder, the number of shares held by each of them. (If notified) SIR CHARLES MASEFIELD 5) Please state whether notification relates to a person(s) connected with the Director named in 2 above and identify the connected person(s) N/A 6) Please state the nature of the transaction. For PEP transactions please indicate whether general/single co PEP and if discretionary/non discretionary SHARES PURCHASED IN RELATION TO THE REINVESTMENT OF DIVIDEND IN DIVIDEND REINVESTMENT PLAN 7) Number of shares/amount of stock acquired 237 8) ( %) of issued Class NOT SIGNIFICANT 9) Number of shares/amount of stock disposed N/A 10) ( N/A %) of issued Class 11) Class of security ORDINARY SHARES OF 2.5P EACH 12) Price per share 365.05 PENCE 13) Date of transaction 13 JULY 2001 14) Date company informed 16 JULY 2001 15) Total holding following this notification 38,771 ORDINARY SHARES 16) Total percentage holding of issued class following this notification NOT SIGNIFICANT IF A DIRECTOR HAS BEEN GRANTED OPTIONS BY THE COMPANY PLEASE COMPLETE THE FOLLOWING BOXES 17) Date of grant N/A 18) Period during which or date on which exercisable N/A 19) Total amount paid (if any) for grant of the option N/A 20) Description of shares or debentures involved: class, number. N/A 21) Exercise price (if fixed at time of grant) or indication that price is to be fixed at time of exercise N/A 22) Total number of shares or debentures over which options held following this notification SEE 23 BELOW 23) Any additional information THE DIRECTOR ALSO CURRENTLY HOLDS CONTINGENT AWARDS OVER 15,327 ORDINARY SHARES UNDER THE RESTRICTED SHARE PLAN; CONTINGENT AWARDS/OPTIONS OVER 101,213 SHARES UNDER THE PERFORMANCE SHARE PLAN; OPTIONS OVER 450,779 SHARES UNDER THE SAYE AND EXECUTIVE SHARE OPTION SCHEMES; AND 1,354 UNITS OF CAPITAL AMORTISING LOAN STOCK. 24) Name of contact and telephone number for queries ANN-LOUISE HOLDING (01252) 383185 25) Name and signature of authorised company official responsible for making this notification Date of Notification 16 JULY 2001

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BAE Systems (BA.)
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