EPT Disclosure BAA PLC

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
                       WITH RECOGNISED INTERMEDIARY STATUS
                      DEALING IN A CLIENT-SERVING CAPACITY
                       (Rule 38.5(a) of the Takeover Code)

1.   KEY INFORMATION

Name   of   exempt  principal BARCLAYS CAPITAL SECURITIES LIMITED
trader
Company dealt in              BAA PLC
Class of relevant security    2.94% CONVERTIBLE BONDS 04/04/2008
to which the dealings being
disclosed relate (Note 1)
Date of dealing               25 MAY 2006


2.   DEALINGS (Note 2)

(a)  Purchases and sales

Total number of          Highest price paid      Lowest price paid (Note
securities purchased     (Note 3)                3)




Total number of          Highest price received  Lowest price received
securities sold          (Note 3)                (Note 3)

1,500,000                1.1025                  1.1025


(b)  Derivatives transactions (other than options)

Product       Long/short       Number of securities   Price per unit
name,         (Note 4)         (Note 5)               (Note 3)
e.g. CFD



(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying


Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option   (GBP)     European etc.            per unit
                varying etc.      relates (Note 5)                                      (Note 3)


(ii) Exercising

Product name, e.g.  call Number of securities    Exercise  price per  unit
option                                           (Note 3)



3.   OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.






Date of disclosure                         26 MAY 2006
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
Name   of   offeree/offeror  with   which  BAA PLC
connected
Nature of connection (Note 6)              ADVISOR


Notes

The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at
 www.thetakeoverpanel.org.uk