Holding(s) in Company

BAE SYSTEMS PLC
10 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 INVESNT 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 436 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 31 DECEMBER 2004





11. Date company informed
10 JANUARY 2005

12. Total holding following this notification
227,054,977 ORDINARY SHARES

41,678,847 AMERICAN DESPOSITARY RECEIPTS (representing 166,715,388 underlying 
ordinary shares)

13. Total percentage holding of issued class following this notification
12.9%

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
10 JANUARY 2005

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