Holding(s) in Company

BAE SYSTEMS PLC
10 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 - 16,672,494

Bank of New York Nominees Ltd - 2,730,050

Chase Nominees Ltd - 56,081,900

BT Globenet Nominees Ltd - 1,036,091

Midland Bank plc - 13,606,394

Bankers Trust - 5,516,433

Barclays Bank - 2,742,666

Citibank London - 2,021,138

Nortrust Nominees - 13,963,907

Royal Bank of Scotland - 93,700

MSS Nominees Ltd - 198,250

State Street Bank & Trust Co - 90,400

HSBC Bank plc - 22,900

Mellon Bank N.A. - 300,000

ROY Nominees Limited - 84,200

Mellon Nominees (UK) Limited - 1,886,009

Capital International Limited:

State Street Nominees Ltd - 1,013,700

Bank of New York Nominees - 10,343,291

Northern Trust - 402,520

Chase Nominees Ltd - 6,757,878

Midland Bank plc - 515,400

Bankers Trust - 2,322,000

Barclays Bank - 448,945

Citibank London - 657,500

Morgan Guaranty - 249,000

Nortrust Nominees - 5,091,139

Royal Bank of Scotland - 147,000

MSS Nominees Ltd - 244,800

State Street Bank & Trust Co - 481,600

Lloyds Bank - 237,800

Deutsche Bank AG - 934,300

HSBC Bank plc - 664,700

Mellon Bank N.A. - 719,503

Northern Trust AVFC - 294,300

KAS UK - 95,500

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 308,722

Clydesdale Bank plc - 235,000

Capital International S.A.:

State Street Nominees Ltd - 75,000

Bank of New York Nominees - 232,547

Chase Nominees Ltd - 2,006,820

Credit Suisse London Branch - 145,900

Midland Bank plc - 529,200

Barclays Bank - 504,300

Citibank London - 139,800

Brown Bros - 32,300

Nortrust Nominees - 88,500

Morgan Stanley - 109,000

Royal Bank of Scotland - 2,763,094

MSS Nominees Ltd - 75,000

JP Morgan - 3,711,100

State Street Bank & Trust Co - 209,500

National Westminster Bank - 394,500

Lloyds Bank - 206,800

Vidacos Nominees Ltd - 177,005

RBSTB Nominees Ltd - 142,800

Citibank NA - 67,400

Deutsche Bank AG - 668,210

HSBC Bank plc - 749,006

Capital International, Inc:

State Street Nominees Ltd - 2,410,700

Bank of New York Nominees - 599,882

Chase Nominees Ltd - 2,802,000

Midland Bank plc - 103,400

Deutsche Bank Mannheim - 51,400

Bankers Trust - 14,800

Citibank London - 64,900

Nortrust Nominees - 705,099

Royal Bank of Scotland - 78,100

State Street Bank & Trust Co - 303,200

RBSTB Nominees Ltd - 15,200

Citibank NA - 282,200

Deutsche Bank AG - 28,700

Chase Manhattan Nominee Ltd - 16,300

HSBC Bank plc - 81,900

Capital Research and Management Company:

Chase Nominees Limited - 13,147,748


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 8 September 2003

11. Date company informed
10 September 2003

12. Total holding following this notification
183,198,441 shares

13. Total percentage holding of issued class following this notification
5.987%

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
10 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