Holding(s) in Company

BAE SYSTEMS PLC
01 September 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 - 17,348,494

Bank of New York Nominees Ltd - 2,836,342

Chase Nominees Ltd - 58,552,800

BT Globenet Nominees Ltd - 1,071,291

Midland Bank plc - 21,111,521

Bankers Trust - 5,741,333

Barclays Bank - 2,825,186

Citibank London - 2,106,438

Nortrust Nominees - 14,840,207

Royal Bank of Scotland - 96,100

MSS Nominees Ltd - 204,350

State Street Bank & Trust Co - 97,200

HSBC Bank plc - 24,700

Mellon Bank N.A. - 300,000

ROY Nominees Limited - 86,900

Mellon Nominees (UK) Limited - 1,960,409

Capital International Limited:

State Street Nominees Ltd - 1,300,500

Bank of New York Nominees - 11,308,291

Northern Trust - 677,020

Chase Nominees Ltd - 7,964,653

Midland Bank plc - 580,400

Bankers Trust - 2,605,800

Barclays Bank - 493,479

Citibank London - 738,200

Morgan Guaranty - 409,400

Nortrust Nominees - 6,266,919

Royal Bank of Scotland - 187,000

MSS Nominees Ltd - 376,900

State Street Bank & Trust Co - 639,400

Lloyds Bank - 306,200

Deutsche Bank AG - 1,113,500

HSBC Bank plc - 1,012,300

Mellon Bank N.A. - 739,403

Northern Trust AVFC - 294,300

KAS UK - 120,100

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 458,722

Clydesdale Bank plc - 305,800

Capital International S.A.:

State Street Nominees Ltd - 77,400

Bank of New York Nominees - 336,547

Chase Nominees Ltd - 2,672,929

Credit Suisse London Branch - 205,600

Midland Bank plc - 636,000

Barclays Bank - 557,300

Citibank London - 183,300

Brown Bros - 34,700

Nortrust Nominees - 109,700

Morgan Stanley - 132,700

Royal Bank of Scotland - 3,749,094

MSS Nominees Ltd - 109,000

JP Morgan - 4,402,900

State Street Bank & Trust Co - 301,200

National Westminster Bank - 479,800

Lloyds Bank - 234,800

Vidacos Nominees Ltd - 334,005

RBSTB Nominees Ltd - 146,900

Citibank NA - 67,400

Deutsche Bank AG - 896,392

HSBC Bank plc - 860,900

Capital International, Inc:

State Street Nominees Ltd - 2,501,300

Bank of New York Nominees - 581,700

Chase Nominees Ltd - 2,881,300

Midland Bank plc - 109,100

Deutsche Bank Mannheim - 53,200

Bankers Trust - 14,800

Citibank London - 67,100

Nortrust Nominees - 781,799

Royal Bank of Scotland - 83,800

State Street Bank & Trust Co - 308,900

RBSTB Nominees Ltd - 17,000

Citibank NA - 286,500

Deutsche Bank AG - 28,700

Chase Manhattan Nominee Ltd - 16,300

HSBC Bank plc - 102,900

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 August 2003

11. Date company informed
1 September 2003

12. Total holding following this notification
229,902,056 shares

13. Total percentage holding of issued class following this notification
7.513%

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
1 September 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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange