Holding(s) in Company

BAE SYSTEMS PLC
05 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 - 17,234,294

Bank of New York Nominees Ltd - 2,826,142

Chase Nominees Ltd - 57,641,700

BT Globenet Nominees Ltd - 1,065,691

Midland Bank plc - 21,019,521

Bankers Trust - 5,701,733

Barclays Bank - 2,821,366

Citibank London - 2,091,738

Nortrust Nominees - 14,517,407

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 - 1,945,409

Capital International Limited:

State Street Nominees Ltd - 1,061,700

Bank of New York Nominees - 10,745,191

Northern Trust - 434,120

Chase Nominees Ltd - 6,987,578

Midland Bank plc - 528,400

Bankers Trust - 2,488,900

Barclays Bank - 458,845

Citibank London - 675,300

Morgan Guaranty - 265,900

Nortrust Nominees - 5,305,539

Royal Bank of Scotland - 154,000

MSS Nominees Ltd - 264,700

State Street Bank & Trust Co - 503,800

Lloyds Bank - 243,900

Deutsche Bank AG - 985,500

HSBC Bank plc - 709,200

Mellon Bank N.A. - 739,403

Northern Trust AVFC - 294,300

KAS UK - 99,200

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 330,522

Clydesdale Bank plc - 246,700

Capital International S.A.:

State Street Nominees Ltd - 77,400

Bank of New York Nominees - 232,547

Chase Nominees Ltd - 2,056,120

Credit Suisse London Branch - 145,900

Midland Bank plc - 552,400

Barclays Bank - 535,500

Citibank London - 145,600

Brown Bros - 34,700

Nortrust Nominees - 92,400

Morgan Stanley - 113,700

Royal Bank of Scotland - 2,802,894

MSS Nominees Ltd - 75,000

JP Morgan - 3,826,900

State Street Bank & Trust Co - 215,600

National Westminster Bank - 402,100

Lloyds Bank - 214,200

Vidacos Nominees Ltd - 240,905

RBSTB Nominees Ltd - 146,900

Citibank NA - 67,400

Deutsche Bank AG - 680,810

HSBC Bank plc - 776,706

Capital International, Inc:

State Street Nominees Ltd - 2,487,200

Bank of New York Nominees - 581,700

Chase Nominees Ltd - 2,867,000

Midland Bank plc - 109,100

Deutsche Bank Mannheim - 53,200

Bankers Trust - 14,800

Citibank London - 67,100

Nortrust Nominees - 731,499

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 - 85,100

Capital Research and Management Company:

Chase Nominees Limited - 19,074,532


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 3 September 2003

11. Date company informed
5 September 2003

12. Total holding following this notification
201,708,062 shares

13. Total percentage holding of issued class following this notification
6.592%

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
5 September 2003

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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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