Holding(s) in Company

BAE SYSTEMS PLC
09 January 2003

                                  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 Research and Management
Company, 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:

Mellon Nominees (UK) Ltd - 2,168,809

MSS Nominees Ltd - 265,150

State Street Bank & Trust Co - 122,400

Citibank NA - 137,081

Royal Bank of Scotland - 94,600

ROY Nominees Ltd - 129,700

Midland Bank plc - 32,310,415

HSBC Bank plc - 29,800

Nortrust Nominees - 22,763,908

Citibank London - 2,905,557

Bankers Trust - 8,327,733

BT Globenet Nominees Ltd - 1,799,491

Chase Nominees Ltd - 79,414,416

Bank of New York Nominees Ltd - 4,314,080

State Street Nominees Ltd - 26,813,451

Barclays Bank - 3,982,186



Capital International Limited:

Bank One London - 1,210,322

Lloyds Bank - 362,000

Citibank NA - 361,800

Deutsche Bank AG - 4,273,107

HSBC Bank plc - 4,316,200

Mellon Bank N.A. - 723,403

Northern Trust AVFC - 257,600

State Street Bank & Trust Co - 1,870,700

Mellon Nominees (UK) Ltd - 263,000

Bankers Trust - 10,291,200

KAS UK - 151,600

MSS Nominees Ltd - 747,900

Royal Bank of Scotland - 179,100

Nortrust Nominees - 13,855,214

Morgan Guaranty - 1,616,700

Barclays Bank - 700,879

Midland Bank plc - 569,100

Chase Nominees Ltd - 21,015,631

Northern Trust - 856,700

Bank of New York Nominees - 20,116,618

State Street Nominees Ltd - 2,123,200

Clydesdale Bank plc - 550,900

Citibank London - 483,900

Capital International S.A.:

State Street Bank & Trust Co - 377,900

National Westminster Bank - 512,600

Lloyds Bank - 277,200

Vidacos Nominees Ltd - 573,105

RBSTB Nominees Ltd - 122,400

Citibank NA - 67,400

JP Morgan - 4,607,500

HSBC Bank plc - 1,199,700

Barclays Bank - 1,332,500

Deutsche Bank AG - 1,207,492

MSS Nominees Ltd - 126,800

Royal Bank of Scotland - 4,594,094

Morgan Stanley - 197,900

Nortrust Nominees - 152,200

Citibank London - 246,900

Midland Bank plc - 2,078,600

Credit Suisse London Branch - 285,500

Chase Nominees Ltd - 6,487,829

Bank of New York Nominees - 393,347

State Street Nominees Ltd - 110,200

Brown Bros - 106,000

Capital International, Inc:

Deutsche Bank Mannheim - 49,900

HSBC Bank plc - 142,700

Chase Manhattan Nominee Ltd - 24,500

Deutsche Bank AG - 56,400

Citibank NA - 379,300

RBSTB Nominees Ltd - 90,200

Citibank - 53,000

State Street Bank & Trust Co - 474,100

Royal Bank of Scotland - 342,800

Nortrust Nominees - 1,910,999

Bankers Trust - 37,000

Midland Bank plc - 306,700

Chase Nominees Ltd - 4,011,000

Bank of New York Nominees - 811,200

State Street Nominees Ltd - 4,521,900

Citibank London - 140,600

Capital Research and Management Company:

Chase Nominees Limited - 26,773,214


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 7 January 2003

11. Date company informed

9 January 2003

12. Total holding following this notification

337,658,231 ordinary shares

13. Total percentage holding of issued class following this notification

11.11%

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

9 January 2003

The FSA does not give any express or implied warranty as to the accuracy of this
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
any such material.


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