Holding(s) in Company

BAE SYSTEMS PLC
21 October 2005



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company


BAE SYSTEMS plc



2. Name of shareholder having a major interest


DEUTSCHE BANK AG AND ITS SUBSIDIARY COMPANIES



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


DEUTSCHE BANK AG AND ITS SUBSIDIARY COMPANIES.  No further disclosure given




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.  SHAREHOLDING GIVEN AS AT 20 OCTOBER 2005



11. Date company informed


20 OCTOBER 2005



12. Total holding following this notification


164,492,170 ordinary shares





13. Total percentage holding of issued class following this notification


5.12%



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


21 OCTOBER 2005




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