Holding(s) in Company

BAE SYSTEMS PLC
12 December 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 - 18,139,351

Bank of New York Nominees Ltd - 3,049,180

Chase Nominees Ltd - 55,160,416

BT Globenet Nominees Ltd - 1,301,991

Midland Bank plc - 25,029,315

Bankers Trust - 6,013,533

Barclays Bank - 2,873,386

Citibank London - 2,017,357

Nortrust Nominees - 15,768,008

Royal Bank of Scotland - 68,300

MSS Nominees Ltd - 195,150

State Street Bank & Trust Co - 71,600

Citibank NA - 97,781

HSBC Bank plc - 23,000

ROY Nominees Ltd - 97,300

Mellon Nominees (UK) Ltd - 1,491,709

Capital International Limited:

State Street Nominees Ltd - 312,600

Bank of New York Nominees - 11,292,476

Northern Trust - 656,100

Chase Nominees Ltd - 12,562,244

Midland Bank plc - 261,600

Bankers Trust - 7,578,700

Barclays Bank - 517,479

Citibank London - 243,400

Morgan Guaranty - 1,085,400

Nortrust Nominees - 6,602,402

Royal Bank of Scotland - 52,400

State Street Bank & Trust Co - 881,500

Lloyds Bank - 130,700

Citibank NA - 129,200

Deutsche Bank AG - 2,490,007

HSBC Bank plc - 2,800,300

Mellon Bank N.A. - 451,603

KAS UK - 11,700

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 509,622

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 - 2,702,929

Credit Suisse London Branch - 177,800

Midland Bank plc - 1,024,200

Barclays Bank - 715,100

Citibank London - 70,000

Brown Bros - 47,200

Nortrust Nominees - 45,100

Morgan Stanley - 110,100

Royal Bank of Scotland - 1,494,594

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 - 376,100

Capital International, Inc:

State Street Nominees Ltd - 712,500

Chase Nominees Ltd - 55,900

Midland Bank plc - 116,900

Nortrust Nominees - 120,499

Royal Bank of Scotland - 153,000

RBSTB Nominees Ltd - 41,500

HSBC Bank plc - 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 10 December 2002

11. Date company informed

12 December 2002

12. Total holding following this notification

191,556,476 ordinary shares

13. Total percentage holding of issued class following this notification

6.26%

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

12 December 2002

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.


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