Holding(s) in Company

BAE SYSTEMS PLC
30 June 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 - 24,299,124

Bank of New York Nominees Ltd - 4,293,542

Chase Nominees Ltd - 81,979,453

BT Globenet Nominees Ltd - 1,805,191

Midland Bank plc - 31,319,333

Deutsche Bank Mannheim - 7,600

Bankers Trust - 8,258,233

Barclays Bank - 3,688,386

Citibank London - 2,977,738

Nortrust Nominees - 22,049,708

Royal Bank of Scotland - 105,200

MSS Nominees Ltd - 339,150

State Street Bank & Trust Co - 142,800

RBSTB Nominees Ltd - 12,100

Deutsche Bank AG - 10,700

HSBC Bank plc - 37,100

ROY Nominees Limited - 192,800

Mellon Nominees (UK) Limited - 2,650,109

Capital International Limited:

State Street Nominees Ltd - 2,639,900

Bank of New York Nominees - 18,334,415

Northern Trust - 1,486,525

Chase Nominees Ltd - 12,683,656

Midland Bank plc - 691,200

Bankers Trust - 5,590,800

Barclays Bank - 758,579

Citibank London - 953,300

Morgan Guaranty - 840,600

Nortrust Nominees - 11,244,238

Royal Bank of Scotland - 233,200

MSS Nominees Ltd - 912,400

State Street Bank & Trust Co - 1,505,600

Lloyds Bank - 442,300

Deutsche Bank AG - 3,030,507

HSBC Bank plc - 2,093,200

Mellon Bank N.A. - 776,403

Northern Trust AVFC - 294,300

KAS UK - 190,900

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 1,117,922

Clydesdale Bank plc - 659,600

Capital International S.A.:

State Street Nominees Ltd - 124,900

Bank of New York Nominees - 470,947

Chase Nominees Ltd - 6,642,029

Credit Suisse London Branch - 286,300

Midland Bank plc - 1,444,400

Barclays Bank - 1,719,800

Citibank London - 297,000

Brown Bros - 107,900

Nortrust Nominees - 187,100

Morgan Stanley - 214,000

Royal Bank of Scotland - 5,800,894

MSS Nominees Ltd - 144,600

JP Morgan - 6,608,600

State Street Bank & Trust Co - 439,300

National Westminster Bank - 540,900

Lloyds Bank - 348,600

Vidacos Nominees Ltd - 472,005

RBSTB Nominees Ltd - 176,000

Citibank NA - 67,400

Deutsche Bank AG - 1,238,092

HSBC Bank plc - 1,449,500

Capital International, Inc:

State Street Nominees Ltd - 4,929,500

Bank of New York Nominees - 1,031,600

Chase Nominees Ltd - 4,787,900

Midland Bank plc - 309,100

Deutsche Bank Mannheim - 57,100

Bankers Trust - 33,900

Citibank London - 130,600

Nortrust Nominees - 2,145,499

Royal Bank of Scotland - 328,800

State Street Bank & Trust Co - 615,300

RBSTB Nominees Ltd - 61,700

Citibank NA - 478,900

Deutsche Bank AG - 63,200

Chase Manhattan Nominee Ltd - 29,600

HSBC Bank plc - 176,900

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 26 June 2003

11. Date company informed
30 June 2003

12. Total holding following this notification
333,045,210 ordinary shares

13. Total percentage holding of issued class following this notification
10.89%

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
30 June 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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