Foreign-held Ordinary Shares

BAE SYSTEMS PLC
19 March 2002


BAE SYSTEMS - Level of Foreign-held Shares

The percentage of BAE SYSTEMS plc's issued ordinary share capital that is
registered as Foreign-held currently stands at 48.09% representing a total of
1,467,968,752 ordinary shares. The maximum percentage permitted under the
Company's Articles of Association is 49.5%, which currently represents
1,510,894,084 ordinary shares.

19 March 2002


Enquiries:

Press & Media:          Hugh Colver (tel: [phone])

Investor Relations:     Andrew Wrathall (tel: [phone])

Company Secretarial:    David Parkes (tel: [phone])



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