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 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:

Barclays Bank - 4,159,586

Mellon Nominees (UK) Ltd - 2,361,409

ROY Nominees Ltd - 134,700

HSBC Bank plc - 32,300

Citibank NA - 142,081

State Street Bank & Trust Co - 132,500

MSS Nominees Ltd - 275,150

Royal Bank of Scotland - 99,700

Citibank London - 3,008,857

Bankers Trust - 8,647,633

Midland Bank plc - 34,943,742

BT Globenet Nominees Ltd - 1,867,991

Chase Nominees Ltd - 82,768,416

Bank of New York Nominees Ltd - 4,502,680

State Street Nominees Ltd - 26,195,524

Nortrust Nominees - 23,783,408



Capital International Limited:

Nortrust Nominees - 15,219,114

Bank One London - 1,268,322

Mellon Nominees (UK) Ltd - 263,000

KAS UK - 178,800

Northern Trust AVFC - 263,300

Mellon Bank N.A. - 729,103

HSBC Bank plc - 4,495,700

Deutsche Bank AG - 4,381,507

Citibank NA - 425,500

Lloyds Bank - 416,800

State Street Bank & Trust Co - 2,080,800

State Street Nominees Ltd - 2,506,400

Royal Bank of Scotland - 220,300

Morgan Guaranty - 1,647,000

Citibank London - 551,900

Barclays Bank - 758,579

Bankers Trust - 10,388,900

Midland Bank plc - 624,900

Chase Nominees Ltd - 22,080,531

Northern Trust - 864,000

Bank of New York Nominees - 21,407,891

Clydesdale Bank plc - 643,300

MSS Nominees Ltd - 923,900



Capital International S.A.:

Morgan Stanley - 223,200

HSBC Bank plc - 1,409,900

Deutsche Bank AG - 1,314,592

Citibank NA - 67,400

RBSTB Nominees Ltd - 142,600

Vidacos Nominees Ltd - 633,505

Lloyds Bank - 329,700

National Westminster Bank - 532,200

State Street Bank & Trust Co - 413,800

JP Morgan - 5,461,100

Royal Bank of Scotland - 4,836,894

Nortrust Nominees - 176,100

Brown Bros - 126,300

Citibank London - 276,800

Barclays Bank - 1,458,600

Midland Bank plc - 2,224,100

Credit Suisse London Branch - 295,600

Chase Nominees Ltd - 7,224,529

Bank of New York Nominees - 417,947

State Street Nominees Ltd - 124,900

MSS Nominees Ltd - 137,300



Capital International, Inc:

State Street Bank & Trust Co - 508,700

HSBC Bank plc - 165,200

Bank of New York Nominees - 857,800

Chase Manhattan Nominee Ltd - 24,500

Deutsche Bank AG - 62,800

Citibank NA - 394,100

RBSTB Nominees Ltd - 97,200

Citibank - 58,600

Royal Bank of Scotland - 408,300

Nortrust Nominees - 2,201,999

Citibank London - 146,600

Bankers Trust - 37,000

Deutsche Bank Mannheim - 49,900

Chase Nominees Ltd - 4,237,500

State Street Nominees Ltd - 4,906,800

Midland Bank plc - 326,400



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 23 January 2003

11. Date company informed
27 January 2003

12. Total holding following this notification
365,380,222 ordinary shares

13. Total percentage holding of issued class following this notification
12.02%

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
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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