Holding(s) in Company

BAE SYSTEMS PLC
14 October 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 - 9,878,100
Bank of New York Nominees Ltd - 1,768,718
Chase Nominees Ltd - 31,154,407
BT Globenet Nominees Ltd - 675,291
Midland Bank plc - 9,346,772
Bankers Trust - 3,218,233
Barclays Bank - 1,473,286
Citibank London - 787,757
Nortrust Nominees - 7,008,100
Royal Bank of Scotland - 31,500
MSS Nominees Ltd - 99,550
State Street Bank & Trust Co - 53,000
Citibank NA - 37,481
HSBC Bank plc - 26,800
ROY Nominees Ltd - 50,000
Mellon Nominees (UK) Ltd - 804,409

Capital International Limited:

State Street Nominees Ltd - 307,300
Bank of New York Nominees - 5,383,620
Northern Trust - 134,800
Chase Nominees Ltd - 3,955,360
Midland Bank plc - 254,300
Bankers Trust - 2,146,000
Barclays Bank - 465,479
Citibank London - 285,400
Morgan Guaranty - 242,100
Nortrust Nominees - 2,124,533
Morgan Stanley - 110,100
Royal Bank of Scotland - 52,400
State Street Bank & Trust Co - 337,300
Lloyds Bank - 130,700
Citibank NA - 129,200
Deutsche Bank AG - 546,200
HSBC Bank plc - 764,000
Mellon Bank N.A. - 404,003
Mellon Nominees (UK) Ltd - 263,000
Bank One London - 201,322
Clydesdale Bank plc - 88,200

Capital International S.A.:

State Street Nominees Ltd - 52,000
Bank of New York Nominees - 288,547
Chase Nominees Ltd - 1,028,629
Credit Suisse London Branch - 177,800
Midland Bank plc - 611,700
Barclays Bank - 279,700
Citibank London - 70,000
Nortrust Nominees - 45,100
Royal Bank of Scotland - 1,753,194
MSS Nominees Ltd - 18,000
JP Morgan - 1,413,000
State Street Bank & Trust Co - 70,000
National Westminster Bank - 307,100
Lloyds Bank - 31,500
Vidacos Nominees Ltd - 485,705
RBSTB Nominees Ltd - 56,700
Citibank NA - 67,400
Deutsche Bank AG - 476,592
HSBC Bank plc - 304,600

Capital International, Inc:

Nortrust Nominees - 120,499


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 10 October 2002


11. Date company informed

14 October 2002


12. Total holding following this notification

92,396,487 ordinary shares


13. Total percentage holding of issued class following this notification

3.02%


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

14 October 2002



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