Holding(s) in Company

BAE SYSTEMS PLC
25 June 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
BAE SYSTEMS plc

2. Name of shareholder having a major interest
Legal & General Investment 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
HSBC Global Custody Nominee (UK) Ltd A/C 775180 - 5,574

HSBC Global Custody Nominee (UK) Ltd A/C 775229 - 471,399

HSBC Global Custody Nominee (UK) Ltd A/C 886603 - 7,095,000

HSBC Global Custody Nominee (UK) Ltd A/C 775245 - 13,898,029

HSBC Global Custody Nominee (UK) Ltd A/C 361602 - 40,000

HSBC Global Custody Nominee (UK) Ltd A/C 754612 - 460,468

HSBC Global Custody Nominee (UK) Ltd A/C 766793 - 85,288

HSBC Global Custody Nominee (UK) Ltd A/C 252605 - 2,666,057

HSBC Global Custody Nominee (UK) Ltd A/C 360509 - 2,342,038

HSBC Global Custody Nominee (UK) Ltd A/C 357206 - 65,401,662

HSBC Global Custody Nominee (UK) Ltd A/C 866197 - 250,739

HSBC Global Custody Nominee (UK) Ltd A/C 130007 - 115,170

HSBC Global Custody Nominee (UK) Ltd A/C 904332 - 259,000


5. Number of shares / amount of stock acquired
Transfer into management of 1,906,235 ordinary shares

6. Percentage of issued class
0.06%

7. Number of shares / amount of stock disposed
N/A

8. Percentage of issued class
N/A

9. Class of security
Ordinary shares of 2.5 pence each

10. Date of transaction
10 June 2002



11. Date company informed
25 June 2002

12. Total holding following this notification
93,090,424

13. Total percentage holding of issued class following this notification
3.04%

14. Any additional information
Notification received under s198 CA85

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
Ann-Louise Holding, Assistant Company Secretary

Date of notification
25 June 2002

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