Holding(s) in Company

BAE SYSTEMS PLC 08 October 2004 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Name of company BAE SYSTEMS plc 2. Name of shareholder having a major interest FMR Corp and its direct and indirect subsidiaries, and Fidelity International Limited and its direct and indirect subsidiaries 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 Bank of Bermuda - 528,947 Bank of New York Brussels - 666,293 Bank of New York London - 6,962,100 Bankers Trust - 200,200 Brown Brothers Harriman - 726,800 Brown Borthers Harriman Ltd LUX - 1,424,900 Chase Manhattan Bank AG Frankfurt - 447,300 Chase Manhattan Bank London - 1,367,900 Chase Nominees Ltd - 1,580,220 Citibank - 156,600 Deutsche Bank AG, London - 840,400 Daxia Privatbank (Schweiz) - 24,400 HSBC Bank Plc - 910,230 HSBC Client Holdings Nominee (UK) Limited - 145,596 ING Luxembourg - 66,905 JP Morgan - 12,992,812 Master Trust Bank of Japan - 182,200 Mellon Bank - 196,000 Mellon Nominees Ltd - 238,500 National Australia Bank - 228,400 Nomura Trust and Banking - 90,800 Northern Trust - 1,995,200 Nortrust Nominees Ltd - 200,000 Societe Generale - 109,700 State Street Bank & Trust - 2,018,560 State Street Hong Kong - 59,800 State Street Munich - 53,200 Bank of New York Brussels - 242,103 Bermuda Far East - 82,200 Chase Manhattan Bank - 4,162,000 Chase Nominees Ltd - 1,658,838 JP Morgan - 535,727 Chase Nominees Limited - 17,270,620 HSBC - 73,410 JP Morgan Chase - 5,925,589 State Street Bank & Trust Company - 2,174,900 State Street Nominees - 98,200 Bank of New York - 1,180,000 BT Globenet Nominees Limited - 965,798 Chase Nominees Ltd - 895,200 Goldman Sachs and Co - 123,400 JP Morgan - 585,800 JP Morgan Chase - 104,000 Lloyds Bank Nominees Limited - 1,342,900 Bank (Stock Exchange Branch) Nominees Limited - 6,800 Mellon Bank - 62,500 Mellon Bank N.A. - 980,000 Mellon Trust - 1,996,000 Morgan Stanley - 344,400 MSCO - 224,700 MSS Nominees Limited - 723,900 Northern Trust - 2,144,224 Royal Trust - 71,600 State Street Bank & Trust - 5,596,591 State Street Nominees Ltd - 5,358,600 Bankers Trust - 1,694,100 Citibank - 116,700 Northern Trust - 695,000 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 7 October 2004 11. Date company informed 8 October 2004 12. Total holding following this notification 91,259,763 shares 13. Total percentage holding of issued class following this notification 3.0% 14. Any additional information Notification received under s198 CA85 15. Name of contact and telephone number for queries Ann-Louise Holding (01252) 373232 16. Name and signature of authorised company official responsible for making this notification Ann-Louise Holding, Assistant Company Secretary Date of notification 8 October 2004 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 DBDGCGGGGSI

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BAE Systems (BA.)
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