Holding(s) in Company

BAE SYSTEMS PLC
19 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 - 14,289,294

Bank of New York Nominees Ltd - 2,372,542

Chase Nominees Ltd - 47,302,800

BT Globenet Nominees Ltd - 911,791

Midland Bank plc - 11,713,194

Bankers Trust - 4,690,233

Barclays Bank - 2,329,466

Citibank London - 1,708,338

Nortrust Nominees - 11,642,507

Royal Bank of Scotland - 85,600

MSS Nominees Ltd - 171,050

State Street Bank & Trust Co - 62,300

HSBC Bank plc - 16,900

Mellon Bank N.A. - 300,000

ROY Nominees Limited - 71,000

Mellon Nominees (UK) Limited - 1,637,409

Capital International Limited:

State Street Nominees Ltd - 817,800

Bank of New York Nominees - 8,677,991

Northern Trust - 270,303

Chase Nominees Ltd - 5,725,678

Midland Bank plc - 456,700

Bankers Trust - 1,619,400

Barclays Bank - 379,045

Citibank London - 578,200

Morgan Guaranty - 180,700

Nortrust Nominees - 4,177,719

Royal Bank of Scotland - 116,000

MSS Nominees Ltd - 164,400

State Street Bank & Trust Co - 381,900

Lloyds Bank - 210,600

Deutsche Bank AG - 669,300

HSBC Bank plc - 472,500

Mellon Bank N.A. - 638,703

Northern Trust AVFC - 294,300

KAS UK - 77,400

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 216,722

Clydesdale Bank plc - 178,700

Capital International S.A.:

State Street Nominees Ltd - 65,500

Bank of New York Nominees - 232,547

Chase Nominees Ltd - 1,804,220

Credit Suisse London Branch - 145,900

Midland Bank plc - 433,200

Barclays Bank - 371,900

Citibank London - 115,100

Brown Bros - 23,000

Nortrust Nominees - 69,600

Morgan Stanley - 87,400

Royal Bank of Scotland - 2,596,694

MSS Nominees Ltd - 75,000

JP Morgan - 3,221,400

State Street Bank & Trust Co - 183,800

National Westminster Bank - 362,900

Lloyds Bank - 178,700

Vidacos Nominees Ltd - 177,005

RBSTB Nominees Ltd - 128,200

Citibank NA - 67,400

Deutsche Bank AG - 616,310

HSBC Bank plc - 630,506

Capital International, Inc:

State Street Nominees Ltd - 2,092,300

Bank of New York Nominees - 546,882

Chase Nominees Ltd - 2,518,000

Midland Bank plc - 77,700

Deutsche Bank Mannheim - 47,500

Bankers Trust - 14,800

Citibank London - 56,100

Nortrust Nominees - 554,800

Royal Bank of Scotland - 52,300

State Street Bank & Trust Co - 279,500

RBSTB Nominees Ltd - 10,900

Citibank NA - 268,500

Deutsche Bank AG - 28,700

Chase Manhattan Nominee Ltd - 16,300

HSBC Bank plc - 65,700

Capital Research and Management Company:

Chase Nominees Limited - 6,971,800


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 17 September 2003

11. Date company informed
19 September 2003

12. Total holding following this notification
151,059,549 shares

13. Total percentage holding of issued class following this notification
4.937%

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
19 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.


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