Holding(s) in Company

BAE SYSTEMS PLC
02 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 - 27,774,824

Bank of New York Nominees Ltd - 5,141,580

Chase Nominees Ltd - 90,544,853

BT Globenet Nominees Ltd - 2,111,691

Midland Bank plc - 34,760,633

Deutsche Bank Mannheim - 7,600

Bankers Trust - 9,316,133

Barclays Bank - 4,493,786

Citibank London - 3,384,738

Nortrust Nominees - 24,891,708

Royal Bank of Scotland - 107,400

MSS Nominees Ltd - 410,550

State Street Bank & Trust Co - 145,000

RBSTB Nominees Ltd - 16,500

Deutsche Bank AG - 12,900

HSBC Bank plc - 37,100

ROY Nominees Limited - 237,300

Mellon Nominees (UK) Limited - 2,934,009

Capital International Limited:

State Street Nominees Ltd - 2,949,400

Bank of New York Nominees - 25,275,115

Northern Trust - 3,160,525

Chase Nominees Ltd - 22,808,756

Midland Bank plc - 711,600

Bankers Trust - 9,695,700

Barclays Bank - 758,579

Citibank London - 953,300

Morgan Guaranty - 1,567,200

Nortrust Nominees - 15,494,738

Royal Bank of Scotland - 233,200

MSS Nominees Ltd - 1,050,000

State Street Bank & Trust Co - 2,139,400

Lloyds Bank - 451,400

Deutsche Bank AG - 5,109,907

HSBC Bank plc - 3,924,100

Mellon Bank N.A. - 795,103

Northern Trust AVFC - 294,300

KAS UK - 190,900

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 1,458,822

Clydesdale Bank plc - 748,100

Capital International S.A.:

State Street Nominees Ltd - 124,900

Bank of New York Nominees - 532,247

Chase Nominees Ltd - 7,565,029

Credit Suisse London Branch - 324,200

Midland Bank plc - 1,798,200

Barclays Bank - 2,147,600

Citibank London - 297,000

Brown Bros - 141,300

Nortrust Nominees - 191,900

Morgan Stanley - 223,200

Royal Bank of Scotland - 6,506,694

MSS Nominees Ltd - 147,800

JP Morgan - 6,608,600

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

Deutsche Bank AG - 1,364,692

HSBC Bank plc - 1,499,000

Capital International, Inc:

State Street Nominees Ltd - 6,202,500

Bank of New York Nominees - 1,243,000

Chase Nominees Ltd - 5,865,200

Midland Bank plc - 404,200

Deutsche Bank Mannheim - 57,100

Bankers Trust - 49,800

Citibank London - 170,400

Nortrust Nominees - 2,638,999

Royal Bank of Scotland - 455,400

State Street Bank & Trust Co - 806,400

RBSTB Nominees Ltd - 83,700

Citibank NA - 588,000

Deutsche Bank AG - 86,700

Chase Manhattan Nominee Ltd - 33,900

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 28 May 2003

11. Date company informed
30 May 2003

12. Total holding following this notification
395,076,248 ordinary shares

13. Total percentage holding of issued class following this notification
12.911%

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
2 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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