Holding(s) in Company

BAE SYSTEMS PLC
23 May 2006



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


BAE SYSTEMS plc



2. Name of shareholder having a major interest


Barclays PLC via the following legal entities: Barclays Global Investors Ltd;
Barclays Life Assurance Co Ltd; Barclays Private Bank Ltd; Barclays Global
Investors Japan Ltd; Barclays Global Investors Australia Ltd; Barclays Global
Investors Canada Ltd; Barclays Global Fund Advisors; Barclays Capital Securities
Ltd; Barclays Investors, N.A.; Barclays Bank Trust Company Ltd; Barclays Private
Bank and Trust Ltd; Barclays Global Investors Japan Trust; Barclays Private Bank
and Trust Ltd; and Barclays Capital Inc.



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 Ireland - 54,264

Bank of New York - 228,116

Barclays Capital Nominees Ltd - 2,753,083

Barclays Capital Nominees Ltd - 909,287

Barclays Capital Nominees Ltd - 16,612

Barclays Capital Securities Ltd - 272

Barclays Global Investors Canada - 233,339

Barclays Trust Co & Others - 54,867

Barclays Trust Co as Exec/ADM - 2,881

Barclays Trust Co DMC69 - 23,429

Barclays Trust Co E99 - 3,857

Barclays Trust Co R69 - 169,540

BNP Paribas - 79,463

Chase Nominees Ltd - 1,591,950

Chase Nominees Ltd - 9,854,887

Chase Nominees Ltd - 119,789

Chase Nominees Ltd - 1,026,038

CIBC Mellon Global Securities - 53,360

Clydesdale Nominees HGB0125 - 6,080

Clydesdale Nominees HGB0125 - 1,594

Clydesdale Nominees HGB0125 - 15,308

Clydesdale Nominees HGB0125 - 1,226

Clydesdale Nominees HGB0125 - 1,410

Clydesdale Nominees HGB0125 - 2,758

Clydesdale Nominees HGB0125 - 484

Clydesdale Nominees HGB0125 - 2,325

Clydesdale Nominees HGB0125 - 1,345

Clydesdale Nominees HGB0125 - 4,408

Clydesdale Nominees HGB0125 - 4,010

Clydesdale Nominees HGB0125 - 1,661

Clydesdale Nominees HGB0125 - 3,108

Clydesdale Nominees HGB0125 - 1,638

Clydesdale Nominees HGB0125 - 5,029

Clydesdale Nominees HGB0125 - 5,187

Clydesdale Nominees HGB0125 - 6,709

Clydesdale Nominees HGB0125 - 3,213

Clydesdale Nominees HGB0125 - 1,089

Clydesdale Nominees HGB0125 - 4,687

Clydesdale Nominees HGB0125 - 1,824

Clydesdale Nominees HGB0125 - 1,539

Clydesdale Nominees HGB0125 - 24,424

Clydesdale Nominees HGB0125 - 2,725

Clydesdale Nominees HGB0125 - 7,612

Clydesdale Nominees HGB0125 - 2,705

Clydesdale Nominees HGB0125 - 1,530

Clydesdale Nominees HGB0125 - 15,648

Clydesdale Nominees HGB0125 - 1,764

Clydesdale Nominees HGB0125 - 3,604

Clydesdale Nominees HGB0125 - 7,684

Clydesdale Nominees HGB0125 - 2,902

Clydesdale Nominees HGB0125 - 1,971

Clydesdale Nominees HGB0125 - 1,748

Clydesdale Nominees HGB0125 - 3,562

Clydesdale Nominees HGB0125 - 2,274

Clydesdale Nominees HGB0125 - 1,771

Clydesdale Nominees HGB0125 - 2,420

Clydesdale Nominees HGB0125 - 1,465

Clydesdale Nominees HGB0125 - 10,327

Clydesdale Nominees HGB0125 - 2,216

Clydesdale Nominees HGB0125 - 2,702

Clydesdale Nominees HGB0125 - 2,556

Clydesdale Nominees HGB0125 - 2,011

Clydesdale Nominees HGB0125 - 2,376

Clydesdale Nominees HGB0125 - 9,003

Clydesdale Nominees HGB0125 - 2,283

Clydesdale Nominees HGB0125 - 4,524

Clydesdale Nominees HGB0125 - 2,756

Clydesdale Nominees HGB0125 - 6,205

Clydesdale Nominees HGB0125 - 3,045

Clydesdale Nominees HGB0125 - 2,113

Clydesdale Nominees HGB0125 - 1,640

Clydesdale Nominees HGB0125 - 1,782

Clydesdale Nominees HGB0125 - 23,501

Clydesdale Nominees HGB0125 - 3,659

Clydesdale Nominees HGB0125 - 20,404

Clydesdale Nominees HGB0125 - 1,262

Clydesdale Nominees HGB0125 - 2,518

Clydesdale Nominees HGB0125 - 995

Clydesdale Nominees HGB0125 - 1,274

Clydesdale Nominees HGB0125 - 1,683

Clydesdale Nominees HGB0125 - 1,888

Clydesdale Nominees HGB0125 - 2,525

Clydesdale Nominees HGB0125 - 2,000

Clydesdale Nominees HGB0125 - 15,424

Clydesdale Nominees HGB0125 - 1,605

Clydesdale Nominees HGB0125 - 2,070

Clydesdale Nominees HGB0125 - 1,107

Clydesdale Nominees HGB0125 - 1,679

Clydesdale Nominees HGB0125 - 4,059

Clydesdale Nominees HGB0125 - 3,250

Clydesdale Nominees HGB0125 - 12,186

Clydesdale Nominees HGB0125 - 2,368

Clydesdale Nominees HGB0125 - 4,229

Clydesdale Nominees HGB0125 - 9,547

Clydesdale Nominees HGB0125 - 4,000

Clydesdale Nominees HGB0125 - 1,875

Clydesdale Nominees HGB0125 - 1,700

Investors Bank and Trust Co. - 300,476

Investors Bank and Trust Co. - 8,190,382

Investors Bank and Trust Co. - 721,522

Investors Bank and Trust Co. - 991,858

Investors Bank and Trust Co. - 92,030

Investors Bank and Trust Co. - 3,362,463

Investors Bank and Trust Co. - 85,091

Investors Bank and Trust Co. - 125,785

Investors Bank and Trust Co. - 1,092,753

Investors Bank and Trust Co. - 30,953

Investors Bank and Trust Co. - 565,435

Investors Bank and Trust Co. - 763,872

Investors Bank and Trust Co. - 366,944

Investors Bank and Trust Co. - 51,266

Investors Bank and Trust Co. - 2,592,872

Investors Bank and Trust Co. - 16,621,246

Investors Bank and Trust Co. - 66,183

Investors Bank and Trust Co. - 84,159

Investors Bank and Trust Co. - 768,875

JP Morgan (BGI Custody) - 838,719

JP Morgan (BGI Custody) - 192,302

JP Morgan (BGI Custody) - 413,800

JP Morgan (BGI Custody) - 1,786,781

JP Morgan (BGI Custody) - 408,082

JP Morgan (BGI Custody) - 103,399

JP Morgan (BGI Custody) - 219,576

JP Morgan (BGI Custody) - 28,680,158

JP Morgan (BGI Custody) - 54,064

JP Morgan (BGI Custody) - 147,347

JPMorgan Chase Bank - 334,712

JPMorgan Chase Bank - 465,177

JPMorgan Chase Bank - 1,768,163

JPMorgan Chase Bank - 30,978

JPMorgan Chase Bank - 26,085

JPMorgan Chase Bank - 3,723

JPMorgan Chase Bank - 197,206

JPMorgan Chase Bank -  165,498

JPMorgan Chase Bank - 349,182

JPMorgan Chase Bank - 104,143

JPMorgan Chase Bank - 458,011

JPMorgan Chase Bank - 298,111

JPMorgan Chase Bank - 92,222

JPMorgan Chase Bank - 439,604

JPMorgan Chase Bank - 16,515

JPMorgan Chase Bank - 33,386

JPMorgan Chase Bank - 3,138

JPMorgan Chase Bank - 17,121

Mellon Trust US Custodian - 127,312

Mellon Trust US Custodian - 238,068

Mellon Trust of New England - 127,480

Mitsui Asset - 51,442

Northern Trust Bank - BGI SEPA - 37,858

Northern Trust Bank - BGI SEPA - 148,848

Northern Trust Bank - BGI SEPA - 189,655

Reflex Nominees Limited - 6,066

Reflex Nominees Limited - 1,328

State Street Bank & Trust - W1 - 133,720

State Street Bank and Trust Co - 124,300

State Street Boston - 1,676,387

State Street Trust of Canada - 120,182

The Northern Trust Company - U - 85,751

Trust & Custody Services Bank - 1,919

Trust & Custody Services Bank - 32,093

Zeban Nominees Limited - 1,766,364






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.  Notifiable interest in the ordinary share capital of 
BAE SYSTEMS plc given as at 18 May 2006





11. Date company informed


23 May 2006



12. Total holding following this notification


96,909,963



13. Total percentage holding of issued class following this notification


3.01%



14. Any additional information


Notification received under s198 CA85



15. Name of authorised company official responsible for making this notification


Ann-Louise Holding, Assistant Company Secretary    (01252 373232)



16.  Date of notification


23 May 2006




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