Holding(s) in Company

BAE SYSTEMS PLC
20 November 2002

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company
BAE SYSTEMS plc

2. Name of shareholder having a major interest
The Capital Group Companies, Inc. on behalf of its affiliates, including Capital 
International Inc., Capital International S.A., Capital International Limited, 
and Capital Guardian Trust Company

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
Capital Guardian Trust Company:

State Street Nominees Ltd - 12,732,916

Bank of New York Nominees Ltd - 2,265,780

Chase Nominees Ltd - 41,191,807

BT Globenet Nominees Ltd - 952,291

Midland Bank plc - 14,336,201

Bankers Trust - 4,408,233

Barclays Bank - 2,126,386

Citibank London - 1,483,157

Nortrust Nominees - 11,908,300

Royal Bank of Scotland - 43,700

MSS Nominees Ltd - 144,550

State Street Bank & Trust Co - 71,600

Citibank NA - 69,881

HSBC Bank plc - 23,000

ROY Nominees Ltd - 70,700

Mellon Nominees (UK) Ltd - 1,224,509

Capital International Limited:

State Street Nominees Ltd - 312,600

Bank of New York Nominees - 8,521,876

Northern Trust - 426,100

Chase Nominees Ltd - 8,395,444

Midland Bank plc - 261,600

Bankers Trust - 4,333,600

Barclays Bank - 517,479

Citibank London - 243,400

Morgan Guaranty - 314,300

Nortrust Nominees - 4,251,799

Royal Bank of Scotland - 52,400

State Street Bank & Trust Co - 640,200

Lloyds Bank - 130,700

Citibank NA - 129,200

Deutsche Bank AG - 1,497,800

HSBC Bank plc - 1,861,700

Mellon Bank N.A. - 447,703

KAS UK - 11,700

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 224,022

Clydesdale Bank plc - 102,100

Capital International S.A.:

State Street Nominees Ltd - 52,000

Bank of New York Nominees - 130,147

Chase Nominees Ltd - 1,084,929

Credit Suisse London Branch - 177,800

Midland Bank plc - 613,400

Barclays Bank - 279,700

Citibank London - 70,000

Nortrust Nominees - 45,100

Morgan Stanley - 110,100

Royal Bank of Scotland - 1,355,294

MSS Nominees Ltd - 90,600

JP Morgan - 1,413,000

State Street Bank & Trust Co - 70,000

National Westminster Bank - 307,100

Lloyds Bank - 41,100

Vidacos Nominees Ltd - 485,705

RBSTB Nominees Ltd - 56,700

Citibank NA - 67,400

Deutsche Bank AG - 523,992

HSBC Bank plc - 304,600

Capital International, Inc:

Nortrust Nominees - 120,499

HSBC Bank pl;c - 23,400


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
N/A

8. Percentage of issued class
N/A

9. Class of security
Ordinary shares of 2.5 pence each

10. Date of transaction
Not disclosed. Figures given as at 15 November 2002

11. Date company informed
19 November 2002

12. Total holding following this notification
133,424,300 ordinary shares

13. Total percentage holding of issued class following this notification
4.36%

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
20 November 2002

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document or material and does not accept any liability for error or omission.
The FSA is not liable for any damages (including, without limitation, damages
for loss of business or loss of profits) arising in contract, tort or otherwise
from the use of or inability to use this document, or any material contained in
it, or from any action or decision taken as a result of using this document or
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