Dividend

BAE Systems PLC
23 April 2001

HALF YEAR INTEREST
SECURITY TITLE
*7.75P(Net) Cum Conv Red Prf Shs
MNEMONIC CODE         *BA.A
SEDOL CODE            *127-169
DIVIDEND AMOUNT       *3.875p
PROVISIONAL EX DATE   *01-06-01
RECORD DATE           *01-06-01
PAYMENT DATE          *02-07-01
NOTES *