Director Shareholding

BAE SYSTEMS PLC
5 October 2001

BAE SYSTEMS plc

Notification of interests of directors and connected persons (non-beneficial
interest)

On 4 October 2001 Michael Lester ceased to have a non-beneficial interest in
6,100,000 ordinary shares of 2.5p each in BAE SYSTEMS plc following the
disposal of those shares at 320.5776 pence per share.

Date company informed: 4 October 2001



5 October 2001

ends