Holding(s) in Company

BAE SYSTEMS PLC
03 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 - 23,997,824

Bank of New York Nominees Ltd - 4,232,242

Chase Nominees Ltd - 81,249,653

BT Globenet Nominees Ltd - 1,776,291

Midland Bank plc - 31,050,233

Deutsche Bank Mannheim - 7,600

Bankers Trust - 8,165,633

Barclays Bank - 3,424,386

Citibank London - 2,946,338

Nortrust Nominees - 21,822,308

Royal Bank of Scotland - 105,200

MSS Nominees Ltd - 331,750

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 - 188,400

Mellon Nominees (UK) Limited - 2,623,709

Capital International Limited:

State Street Nominees Ltd - 2,611,000

Bank of New York Nominees - 18,125,615

Northern Trust - 1,463,725

Chase Nominees Ltd - 12,585,956

Midland Bank plc - 689,000

Bankers Trust - 5,391,000

Barclays Bank - 758,579

Citibank London - 953,300

Morgan Guaranty - 831,000

Nortrust Nominees - 11,087,138

Royal Bank of Scotland - 233,200

MSS Nominees Ltd - 900,900

State Street Bank & Trust Co - 1,481,700

Lloyds Bank - 442,300

Deutsche Bank AG - 2,954,407

HSBC Bank plc - 2,060,100

Mellon Bank N.A. - 774,203

Northern Trust AVFC - 294,300

KAS UK - 188,400

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 1,107,622

Clydesdale Bank plc - 652,500

Capital International S.A.:

State Street Nominees Ltd - 124,900

Bank of New York Nominees - 466,047

Chase Nominees Ltd - 6,544,229

Credit Suisse London Branch - 283,100

Midland Bank plc - 1,408,900

Barclays Bank - 1,486,900

Citibank London - 297,000

Brown Bros - 104,600

Nortrust Nominees - 184,900

Morgan Stanley - 211,800

Royal Bank of Scotland - 5,733,094

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 - 466,605

RBSTB Nominees Ltd - 176,000

Citibank NA - 67,400

Deutsche Bank AG - 1,228,592

HSBC Bank plc - 1,444,700

Capital International, Inc:

State Street Nominees Ltd - 4,808,300

Bank of New York Nominees - 1,011,100

Chase Nominees Ltd - 4,766,500

Midland Bank plc - 299,400

Deutsche Bank Mannheim - 57,100

Bankers Trust - 31,700

Citibank London - 126,200

Nortrust Nominees - 2,108,699

Royal Bank of Scotland - 317,100

State Street Bank & Trust Co - 599,800

RBSTB Nominees Ltd - 59,500

Citibank NA - 468,100

Deutsche Bank AG - 61,000

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 30 June 2003

11. Date company informed

2 July 2003

12. Total holding following this notification

329,379,510 ordinary shares

13. Total percentage holding of issued class following this notification

10.767%

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

3 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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