Holding(s) in Company

BAE SYSTEMS PLC
19 February 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 - 2,698,609
MSS Nominees Ltd - 363,150
RBSTB Nominees Ltd - 15,300
Citibank NA - 151,581
Deutsche Bank AG - 10,700
ROY Nominees Ltd - 218,400
Royal Bank of Scotland - 107,300
HSBC Bank plc - 32,300
State Street Nominees Ltd - 27,868,824
Citibank London - 3,233,057
Barclays Bank - 4,421,486
Bankers Trust - 9,221,433
Deutsche Bank Mannheim - 6,700
Midland Bank plc - 35,133,352
BT Globenet Nominees Ltd - 2,138,091
Chase Nominees Ltd - 90,335,653
Bank of New York Nominees Ltd - 5,082,080
Nortrust Nominees - 25,953,308
State Street Bank & Trust Co - 144,700



Capital International Limited:
Mellon Nominees (UK) Ltd - 263,000
State Street Bank & Trust Co - 2,255,500
Citibank NA - 447,200
HSBC Bank plc - 4,733,000
Mellon Bank N.A. - 776,003
MSS Nominees Ltd - 1,050,000
KAS UK - 190,900
Lloyds Bank - 451,400
Bank One London - 1,488,722
Clydesdale Bank plc - 748,100
Northern Trust AVFC - 294,300
Northern Trust - 3,551,025
Deutsche Bank AG - 5,275,807
Royal Bank of Scotland - 233,200
Bank of New York Nominees - 24,139,991
Chase Nominees Ltd - 22,597,131
Midland Bank plc - 711,600
Bankers Trust - 10,554,500
Barclays Bank - 758,579
Citibank London - 570,100
Morgan Guaranty - 1,667,600
Nortrust Nominees - 15,786,438
State Street Nominees Ltd - 2,946,500



Capital International S.A.:
State Street Bank & Trust Co - 439,300
National Westminster Bank - 540,900
Lloyds Bank - 348,600
Vidacos Nominees Ltd - 633,505
RBSTB Nominees Ltd - 176,000
Citibank NA - 67,400
HSBC Bank plc - 1,499,000
JP Morgan - 6,608,600
Chase Nominees Limited - 8,112,129
Deutsche Bank AG - 1,364,692
Credit Suisse London Branch - 324,200
Midland Bank plc - 1,795,300
Bank of New York Nominees - 532,247
MSS Nominees Ltd - 147,800
Barclays Bank - 1,590,600
Citibank London - 297,000
Brown Bros - 141,300
Nortrust Nominees - 191,900
Morgan Stanley - 223,200
Royal Bank of Scotland - 6,990,794
State Street Nominees Ltd - 124,900



Capital International, Inc:
Citibank - 73,200
HSBC Bank plc - 176,900
Chase Manhattan Nominee Ltd - 33,900
Deutsche Bank AG - 86,700
State Street Nominees Ltd - 6,175,000
RBSTB Nominees Ltd - 116,700
State Street Bank & Trust Co - 758,500
Royal Bank of Scotland - 455,400
Nortrust Nominees - 2,638,999
Citibank London - 257,000
Bankers Trust - 49,800
Deutsche Bank Mannheim - 57,100
Midland Bank plc - 401,300
Chase Nominees Ltd - 5,883,600
Bank of New York Nominees - 1,210,200
Citibank NA - 588,000

Capital Research and Management Company:
Chase Nominees Limited - 38,174,532


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 17 February 2003

11. Date company informed
19 February 2003

12. Total holding following this notification
397,912,818 ordinary shares

13. Total percentage holding of issued class following this notification
13.095%

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
19 February 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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