Holding(s) in Company

BAE SYSTEMS PLC
14 February 2002



                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

     1. Name of company



        BAE SYSTEMS plc


        2) Name of shareholder having a major interest

        CGNU plc and its subsidiary, Morley Fund Management Limited

        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

        Shareholder 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

        N/A - cessation of notifiable interest

        5) Number of shares/amount of stock acquired

        N/A

        6) Percentage of issued class

        N/A

        7) Number of shares/amount of stock disposed

        785,000

        8) Percentage of issued class

        0.025%

        9) Class of security

        Ordinary shares of 2.5p each

        10) Date of transaction

        12 February 2002

        11) Date company informed

        14 February 2002

        12) Total holding following this notification

        N/A - less than 3%


        13) Total percentage holding of issued class following this notification

        Less than 3%

        14) Any additional information

        The shareholder named in (2) above ceased to have a notifiable interest
        in the ordinary share capital of BAE SYSTEMS plc on 12 February 2002.

        15) Name of contact and telephone number for queries

        Ann-Louise Holding

        [phone]

        16) Name and signature of authorised company official responsible for
        making this notification
        14 February 02
        Date of notification ....................20.....






                      This information is provided by RNS
            The company news service from the London Stock Exchange