Holding(s) in Company

BAE SYSTEMS PLC
14 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
BRANDES INVESTMENT PARTNERS, LLC

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
NOT DISCLOSED OTHER THAN THAT THE REGISTERED HOLDERS ARE APPROXIMATELY 520 
CUSTODIAN BANKS


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 4 JULY 2003





11. Date company informed
14 JULY 2003

12. Total holding following this notification
177,472,104 ORDINARY SHARES

39,555,106 AMERICAN DESPOSITARY RECEIPTS (representing 158,220,424 underlying 
ordinary shares)

13. Total percentage holding of issued class following this notification
11%

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
14 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.





                                  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 - 21,906,804

Bank of New York Nominees Ltd - 3,802,342

Chase Nominees Ltd - 75,422,982

BT Globenet Nominees Ltd - 1,562,991

Midland Bank plc - 28,748,333

Deutsche Bank Mannheim - 7,600

Bankers Trust - 7,444,333

Barclays Bank - 3,233,186

Citibank London - 2,707,538

Nortrust Nominees - 20,022,708

Royal Bank of Scotland - 105,200

MSS Nominees Ltd - 283,350

State Street Bank & Trust Co - 138,400

RBSTB Nominees Ltd - 7,700

Deutsche Bank AG - 6,300

HSBC Bank plc - 37,100

ROY Nominees Limited - 153,700

Mellon Nominees (UK) Limited - 2,427,809

Capital International Limited:

State Street Nominees Ltd - 2,404,800

Bank of New York Nominees - 16,277,415

Northern Trust - 1,285,925

Chase Nominees Ltd - 11,835,256

Midland Bank plc - 678,000

Bankers Trust - 4,783,700

Barclays Bank - 758,579

Citibank London - 926,700

Morgan Guaranty - 756,300

Nortrust Nominees - 10,317,938

Royal Bank of Scotland - 233,200

MSS Nominees Ltd - 811,900

State Street Bank & Trust Co - 1,301,700

Lloyds Bank - 435,500

Deutsche Bank AG - 2,378,407

HSBC Bank plc - 1,808,600

Mellon Bank N.A. - 763,203

Northern Trust AVFC - 294,300

KAS UK - 168,400

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 1,027,222

Clydesdale Bank plc - 591,500

Capital International S.A.:

State Street Nominees Ltd - 124,900

Bank of New York Nominees - 427,147

Chase Nominees Ltd - 5,878,929

Credit Suisse London Branch - 257,200

Midland Bank plc - 1,140,000

Barclays Bank - 1,170,500

Citibank London - 297,000

Brown Bros - 77,700

Nortrust Nominees - 178,300

Morgan Stanley - 205,300

Royal Bank of Scotland - 5,206,194

MSS Nominees Ltd - 136,000

JP Morgan - 6,608,600

State Street Bank & Trust Co - 439,300

National Westminster Bank - 540,900

Lloyds Bank - 348,600

Vidacos Nominees Ltd - 424,405

RBSTB Nominees Ltd - 176,000

Citibank NA - 67,400

Deutsche Bank AG - 1,156,092

HSBC Bank plc - 1,406,800

Capital International, Inc:

State Street Nominees Ltd - 3,895,000

Bank of New York Nominees - 834,500

Chase Nominees Ltd - 4,007,500

Midland Bank plc - 228,300

Deutsche Bank Mannheim - 57,100

Bankers Trust 14,800

Citibank London - 99,500

Nortrust Nominees - 1,818,299

Royal Bank of Scotland - 226,500

State Street Bank & Trust Co - 477,100

RBSTB Nominees Ltd - 42,800

Citibank NA - 388,500

Deutsche Bank AG - 44,700

Chase Manhattan Nominee Ltd - 25,100

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 10 July 2003

11. Date company informed
14 July 2003

12. Total holding following this notification
304,898,319 ordinary shares

13. Total percentage holding of issued class following this notification
9.967%

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
14 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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