Interest Payment

BAE SYSTEMS PLC
17 September 2001

YEARLY INTEREST & PART REDEMPTION PAYMENT
SECURITY TITLE
*7.45% Uns Cap Amort Ln Stk 2000/03
MNEMONIC CODE        *BA.B
SEDOL CODE           *877-420
AMOUNT               *7.45%(gross) annual interest and 24.04%(net) annual part  
                      redemption.
PROVISIONAL EX DATE  *29-11-01
RECORD DATE          *02-11-01
PAYMENT DATE         *29-11-01
NOTES *