Pref. shares conversion

BAE SYSTEMS PLC
29 April 2005


BAE SYSTEMS plc

7.75p (net) Cumulative Convertible Redeemable Preference Shares of 25p each



Copies of the following document:

Preference shareholder circular - reminder of conversion rights

have been submitted to the UK Listing Authority and will shortly be available
for publication at the UK Listing Authority's Document Viewing Facility which is
situated at:

Financial Services Authority

25 The North Colonnade

Canary Wharf

London E14 5HS

Tel: [phone]


29 April 2005



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