Holding(s) in Company

BAE SYSTEMS PLC
24 January 2005

                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

BAE SYSTEMS plc


2. Name of shareholder having a major interest

BRANDES INVESTMENT PARTNERS, L.P.


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

NOT DISCLOSED OTHER THAN THAT THE REGISTERED HOLDERS ARE APPROXIMATELY 435 
CUSTODIAN BANKS


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 14 JANUARY 2005


11. Date company informed

24 JANUARY 2005


12. Total holding following this notification

228,384,497 ORDINARY SHARES

41,945,344 AMERICAN DESPOSITARY RECEIPTS (representing 167,781,376 underlying 
ordinary shares)


13. Total percentage holding of issued class following this notification

13.0%


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

24 JANUARY 2005


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