Holding(s) in Company

BAE SYSTEMS PLC
18 July 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 - 19,736,304

Bank of New York Nominees Ltd - 3,314,442

Chase Nominees Ltd - 68,922,482

BT Globenet Nominees Ltd - 1,319,991

Midland Bank plc - 26,283,233

Bankers Trust - 6,665,233

Barclays Bank - 3,029,086

Citibank London - 2,450,838

Nortrust Nominees - 18,081,008

Royal Bank of Scotland - 105,200

MSS Nominees Ltd - 230,550

State Street Bank & Trust Co - 125,500

RBSTB Nominees Ltd - 2,300

Deutsche Bank AG - 500

HSBC Bank plc - 31,500

ROY Nominees Limited - 99,900

Mellon Nominees (UK) Limited - 2,214,309

Capital International Limited:

State Street Nominees Ltd - 2,183,100

Bank of New York Nominees - 14,241,315

Northern Trust - 1,095,025

Chase Nominees Ltd - 10,914,056

Midland Bank plc - 669,200

Bankers Trust - 4,129,700

Barclays Bank - 758,579

Citibank London - 857,300

Morgan Guaranty - 675,400

Nortrust Nominees - 9,311,238

Royal Bank of Scotland - 233,200

MSS Nominees Ltd - 715,500

State Street Bank & Trust Co - 985,000

Lloyds Bank - 426,300

Deutsche Bank AG - 1,759,307

HSBC Bank plc - 1,541,700

Mellon Bank N.A. - 754,503

Northern Trust AVFC - 294,300

KAS UK - 147,100

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 908,522

Clydesdale Bank plc - 503,000

Capital International S.A.:

State Street Nominees Ltd - 124,900

Bank of New York Nominees - 386,147

Chase Nominees Ltd - 5,081,829

Credit Suisse London Branch - 231,600

Midland Bank plc - 852,200

Barclays Bank - 828,000

Citibank London - 297,000

Brown Bros - 50,500

Nortrust Nominees - 137,900

Morgan Stanley - 197,000

Royal Bank of Scotland - 4,633,094

MSS Nominees Ltd - 124,800

JP Morgan - 6,608,600

State Street Bank & Trust Co - 439,300

National Westminster Bank - 540,900

Lloyds Bank - 348,600

Vidacos Nominees Ltd - 379,405

RBSTB Nominees Ltd - 176,000

Citibank NA - 67,400

Deutsche Bank AG - 1,085,492

HSBC Bank plc - 1,366,700

Capital International, Inc:

State Street Nominees Ltd - 2,921,100

Bank of New York Nominees - 639,800

Chase Nominees Ltd - 3,187,900

Midland Bank plc - 152,100

Deutsche Bank Mannheim - 57,100

Bankers Trust - 14,800

Citibank London - 73,200

Nortrust Nominees - 1,501,299

Royal Bank of Scotland - 128,400

State Street Bank & Trust Co - 335,600

RBSTB Nominees Ltd - 26,900

Citibank NA - 304,500

Deutsche Bank AG - 29,600

Chase Manhattan Nominee Ltd - 16,700

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 15 July 2003

11. Date company informed
17 July 2003

12. Total holding following this notification
277,676,519 ordinary shares

13. Total percentage holding of issued class following this notification
9.077%

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
18 July 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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