Holding(s) in Company

BAE SYSTEMS PLC
25 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 - 13,260,694

Bank of New York Nominees Ltd - 2,105,342

Chase Nominees Ltd - 43,838,100

BT Globenet Nominees Ltd - 854,691

Midland Bank plc - 10,916,394

Bankers Trust - 4,332,633

Barclays Bank - 1,784,966

Citibank London - 1,697,438

Nortrust Nominees - 10,640,607

Royal Bank of Scotland - 81,600

MSS Nominees Ltd - 159,350

State Street Bank & Trust Co - 49,200

HSBC Bank plc - 13,400

Mellon Bank N.A. - 300,000

ROY Nominees Limited - 66,100

Mellon Nominees (UK) Limited - 1,530,209

Capital International Limited:

State Street Nominees Ltd - 732,300

Bank of New York Nominees - 7,942,691

Northern Trust - 228,203

Chase Nominees Ltd - 5,281,378

Midland Bank plc - 431,500

Bankers Trust - 1,314,400

Barclays Bank - 349,145

Citibank London - 544,100

Morgan Guaranty - 152,100

Nortrust Nominees - 3,784,019

Royal Bank of Scotland - 102,600

MSS Nominees Ltd - 129,600

State Street Bank & Trust Co - 339,200

Lloyds Bank - 199,000

Deutsche Bank AG - 553,800

HSBC Bank plc - 390,900

Mellon Bank N.A. - 604,103

Northern Trust AVFC - 294,300

KAS UK - 70,600

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 179,122

Clydesdale Bank plc - 157,100

Capital International S.A.:

State Street Nominees Ltd - 60,600

Bank of New York Nominees - 232,547

Chase Nominees Ltd - 1,716,820

Credit Suisse London Branch - 145,900

Midland Bank plc - 392,300

Barclays Bank - 315,900

Citibank London - 103,500

Brown Bros - 18,100

Nortrust Nominees - 62,300

Morgan Stanley - 78,500

Royal Bank of Scotland - 2,523,194

MSS Nominees Ltd - 75,000

JP Morgan - 3,009,900

State Street Bank & Trust Co - 171,500

National Westminster Bank - 347,800

Lloyds Bank - 165,900

Vidacos Nominees Ltd - 177,005

RBSTB Nominees Ltd - 119,300

Citibank NA - 67,400

Deutsche Bank AG - 590,910

HSBC Bank plc - 575,706

Capital International, Inc:

State Street Nominees Ltd - 1,960,300

Bank of New York Nominees - 523,482

Chase Nominees Ltd - 2,391,500

Midland Bank plc - 66,800

Deutsche Bank Mannheim - 45,700

Bankers Trust - 14,800

Citibank London - 51,600

Nortrust Nominees - 286,900

Royal Bank of Scotland - 41,300

State Street Bank & Trust Co - 268,800

RBSTB Nominees Ltd - 7,300

Citibank NA - 261,700

Deutsche Bank AG - 28,700

Chase Manhattan Nominee Ltd - 16,300

HSBC Bank plc - 60,000

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 23 September 2003

11. Date company informed
25 September 2003

12. Total holding following this notification
139,620,949 shares

13. Total percentage holding of issued class following this notification
4.563%

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
25 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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