Result of AGM/Directors hldgs

BAE SYSTEMS PLC
4 May 2001



Notification of poll results and notification of interests of directors and
connected persons

1.  Notification of poll results

All resolutions proposed at the Company's Annual General Meeting held on 3 May
2001 were duly approved by the shareholders.

2.  Notification of interests of directors and connected persons

Grants of options under the BAE SYSTEMS Share Option Plan 2001 were made today,
4 May 2001, at an option price of 342 pence per share, to the following
executive directors:

Name of director           Number of options under   Total number of ordinary
                           ordinary shares of 2.5p   shares of 2.5p each over
                           each                      which options are held
                                                     following this notification

Richard Evans               362,573                  428,213
Michael Lester              284,795                  511,728
Charles Masefield           252,047                  450,779
Steven Mogford              211,696                  471,940
George Rose                 254,386                  596,037
Michael Turner              271,345                  494,255
John Weston                 304,094                  738,776

No consideration was paid for the grant of the option.  The options are
exercisable from 4 May 2004 to 3 May 2011.