Holding(s) in Company

BAE SYSTEMS PLC 23 October 2006 NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Name of company BAE SYSTEMS plc 2. Name of shareholder having a major interest Barclays PLC, through the following legal entities: Barclays Global Investors Canada Ltd; Barclays Private Bank Ltd; Barclays Capital Inc; Barclays Private Bank and Trust Ltd; Barclays Global Investors Ltd; Barclays Bank Trust Company Ltd; Barclays Investors Japan Trust & Banking; Barclays Global Investors, N.A; Barclays Private Bank and Trust Ltd; Barclays Global Fund Advisors; Barclays Global Investors Japan Ltd; Barclays Global Investors Australia Ltd; Barclays Life Assurance Co Ltd; and Barclays Capital Securities Ltd. 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 64,551 Bank of New York 230,968 Barclays Capital Nominees Limited 501,317 Barclays Capital Nominees Limited 49,417,575 Barclays Trust Co as Exec/Adm 1,475 BNP Paribas 271,909 Barclays Capital Securities Ltd 272 Barclays Global Investors Canada 240,488 Barclays Trust Co & Others 52,388 Barclays Trust Co DMC69 23,429 Barclays Trust Co E99 1,158 Barclays Trust Co R69 168,980 Chase Nominees Ltd 1,622,673 Chase Nominees Ltd 16,544,995 Chase Nominees Ltd 1,394,944 CIBC Mellon Global Securities 204,605 Clydesdale Nominees HGB0125 6,080 Clydesdale Nominees HGB0125 15,308 Clydesdale Nominees HGB0125 2,325 Clydesdale Nominees HGB0125 981 Clydesdale Nominees HGB0125 4,408 Clydesdale Nominees HGB0125 4,010 Clydesdale Nominees HGB0125 1,661 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 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 17,753 Clydesdale Nominees HGB0125 1,764 Clydesdale Nominees HGB0125 2,902 Clydesdale Nominees HGB0125 1,748 Clydesdale Nominees HGB0125 2,281 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 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 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 1,605 Clydesdale Nominees HGB0125 2,070 Clydesdale Nominees HGB0125 3,250 Clydesdale Nominees HGB0125 4,229 Clydesdale Nominees HGB0125 9,547 Clydesdale Nominees HGB0125 2,185 Clydesdale Nominees HGB0125 529 Clydesdale Nominees HGB0 325 1,875 Clydesdale Nominees HGB0 325 1,700 Investors Bank and Trust Co 37,856,046 Investors Bank and Trust Co 10,848,076 JP Morgan (BGI Custody) 793,579 JP Morgan (BGI Custody) 192,302 JP Morgan (BGI Custody) 2,496,885 JP Morgan (BGI Custody) 428,415 JP Morgan (BGI Custody) 300,811 JP Morgan (BGI Custody) 511,823 JP Morgan (BGI Custody) 24,822,010 JP Morgan (BGI Custody) 54,904 JP Morgan (BGI Custody) 250,860 JP Morgan Chase Bank 106,911 JP Morgan Chase Bank 2,032,215 JP Morgan Chase Bank 270,966 JP Morgan Chase Bank 3,814,579 Mellon Trust of New England 274,885 Master Trust Bank 42,349 Mellon Trust - US Custodian 594,274 Mitsui Asset 56,080 Northern Trust Bank - BGI Sepa 1,227,300 Reflex Nominees Limited 4,009 State Street Bank & Trust - WI 508,183 State Street Boston 2,019,570 State Street Trust of Canada 473,404 The Northern Trust Company - U 332,080 Trust & Custody Services Bank 34,095 Zeban Nominees Limited 1,413,232 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 October 2006 11. Date company informed 20 October 2006 12. Total holding following this notification 162,782,442 ordinary shares 13. Total percentage holding of issued class following this notification 5.03% 14. Any additional information Notification received under s198 CA85 15. Name and contact details of authorised company official responsible for making this notification Ann-Louise Holding, Assistant Company Secretary (tel: 01252 373232) 16. Date of notification 23 October 2006 This information is provided by RNS The company news service from the London Stock Exchange

Companies

BAE Systems (BA.)
UK 100