Holding(s) in Company

BAE SYSTEMS PLC
27 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 Guardian Trust Company,
Capital International Limited, Capital International S.A., Capital International Inc., and Capital
Research and Management 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 - 25,933,124

Bank of New York Nominees Ltd - 4,450,280

Chase Nominees Ltd - 81,848,316

BT Globenet Nominees Ltd - 1,855,491

Midland Bank plc - 34,633,142

Bankers Trust - 8,553,333

Barclays Bank - 4,115,086

Citibank London - 2,990,557

Nortrust Nominees - 23,540,908

Royal Bank of Scotland - 99,700

MSS Nominees Ltd - 275,150

State Street Bank & Trust Co - 132,500

Citibank NA - 142,081

HSBC Bank plc - 32,300

ROY Nominees Ltd - 134,700

Mellon Nominees (UK) Ltd - 2,341,509

Capital International Limited:

State Street Nominees Ltd - 2,432,200

Bank of New York Nominees - 21,163,991

Northern Trust - 856,700

Chase Nominees Ltd - 21,959,931

Midland Bank plc - 603,600

Bankers Trust - 10,360,000

Barclays Bank - 758,579

Citibank London - 546,300

Morgan Guaranty - 1,644,200

Nortrust Nominees - 15,060,514

Royal Bank of Scotland - 217,500

MSS Nominees Ltd - 898,200

State Street Bank & Trust Co - 2,065,600

Lloyds Bank - 405,500

Citibank NA - 419,800

Deutsche Bank AG - 4,301,707

HSBC Bank plc - 4,490,000

Mellon Bank N.A. - 723,403

Northern Trust AVFC - 257,600

KAS UK - 176,000

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 1,229,022

Clydesdale Bank plc - 620,900

Capital International S.A.:

State Street Nominees Ltd - 124,900

Bank of New York Nominees - 393,347

Chase Nominees Ltd - 7,059,729

Credit Suisse London Branch - 285,500

Midland Bank plc - 2,185,900

Barclays Bank - 1,436,800

Citibank London - 273,800

Brown Bros - 120,700

Nortrust Nominees - 170,500

Morgan Stanley - 223,200

Royal Bank of Scotland - 4,620,594

MSS Nominees Ltd - 126,800

JP Morgan - 5,406,600

State Street Bank & Trust Co - 407,100

National Westminster Bank - 532,200

Lloyds Bank - 326,900

Vidacos Nominees Ltd - 573,105

RBSTB Nominees Ltd - 142,600

Citibank NA - 67,400

Deutsche Bank AG - 1,252,992

HSBC Bank plc - 1,391,000

Capital International, Inc:

State Street Nominees Ltd - 4,695,200

Bank of New York Nominees - 811,200

Chase Nominees Ltd - 3,981,300

Midland Bank plc - 310,500

Deutsche Bank Mannheim - 49,900

Bankers Trust - 37,000

Citibank London - 140,600

Nortrust Nominees - 2,136,199

Royal Bank of Scotland - 400,600

State Street Bank & Trust Co - 474,100

Citibank - 53,000

RBSTB Nominees Ltd - 91,600

Citibank NA - 379,300

Deutsche Bank AG - 56,400

Chase Manhattan Nominee Ltd - 24,500

HSBC Bank plc - 165,200

Capital Research and Management Company:

Chase Nominees Limited - 37,674,532


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 22 January 2003

11. Date company informed
24 January 2003

12. Total holding following this notification
361,135,222 ordinary shares

13. Total percentage holding of issued class following this notification
11.88%

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
27 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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