Holding(s) in Company

BAE SYSTEMS PLC
15 October 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 - 11,860,094

Bank of New York Nominees Ltd - 1,891,942

Chase Nominees Ltd - 39,403,146

BT Globenet Nominees Ltd - 790,991

Midland Bank plc - 9,705,194

Bankers Trust - 3,610,487

Barclays Bank - 1,728,266

Citibank London - 75,238

Nortrust Nominees - 8,760,376

Royal Bank of Scotland - 78,200

MSS Nominees Ltd - 59,100

State Street Bank & Trust Co - 32,800

HSBC Bank plc - 13,400

Mellon Bank N.A. - 300,000

ROY Nominees Limited - 59,400

Mellon Nominees (UK) Limited - 1,386,309

Capital International Limited:

State Street Nominees Ltd - 617,800

Bank of New York Nominees - 6,924,291

Northern Trust - 150,703

Chase Nominees Ltd - 4,658,278

Midland Bank plc - 397,100

Bankers Trust - 910,600

Barclays Bank - 308,745

Citibank London - 497,800

Morgan Guaranty - 126,100

Nortrust Nominees - 3,235,319

Royal Bank of Scotland - 85,000

MSS Nominees Ltd - 83,700

State Street Bank & Trust Co - 281,800

Lloyds Bank - 120,700

Deutsche Bank AG - 402,900

HSBC Bank plc - 265,700

Mellon Bank N.A. - 557,603

Northern Trust AVFC - 294,300

KAS UK - 61,400

Mellon Nominees (UK) Ltd - 263,000

Bank One London - 128,022

Clydesdale Bank plc - 128,400

Capital International S.A.:

State Street Nominees Ltd - 53,900

Bank of New York Nominees - 232,547

Chase Nominees Ltd - 1,601,120

Credit Suisse London Branch - 145,900

Midland Bank plc - 337,400

Barclays Bank - 241,300

Citibank London - 88,700

Brown Bros - 11,400

Nortrust Nominees - 52,700

Morgan Stanley - 66,100

Royal Bank of Scotland - 2,427,894

MSS Nominees Ltd - 75,000

JP Morgan - 2,730,400

State Street Bank & Trust Co - 155,900

National Westminster Bank - 327,300

Lloyds Bank - 146,600

RBSTB Nominees Ltd - 95,900

Citibank NA - 38,400

Deutsche Bank AG - 558,810

HSBC Bank plc - 505,406

Capital International, Inc:

State Street Nominees Ltd - 1,795,800

Bank of New York Nominees - 494,982

Chase Nominees Ltd - 2,284,400

Midland Bank plc - 52,100

Deutsche Bank Mannheim - 45,700

Bankers Trust - 14,800

Citibank London - 46,500

Nortrust Nominees - 222,600

Royal Bank of Scotland - 26,400

State Street Bank & Trust Co - 239,600

RBSTB Nominees Ltd - 7,300

Citibank NA - 255,000

Deutsche Bank AG - 28,700

Chase Manhattan Nominee Ltd - 16,300

HSBC Bank plc - 51,500

Capital Research and Management Company:

Chase Nominees Limited - 6,471,800


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 13 October 2003

11. Date company informed

15 October 2003

12. Total holding following this notification

122,200,363 shares

13. Total percentage holding of issued class following this notification

3.993%

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

15 October 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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