Rule 8.3 - BAE SYSTEMS PLC

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              BAE SYSTEMS PLC
Class of relevant security    ORD GBP 0.025
to which the dealings being
disclosed relate (Note 2)
Date of dealing               03 APRIL 2006

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                               Long                       Short

                         Number       (%)           Number       (%)

(1) Relevant             110,605,045     (3.43%)     170,016    (0.01%)
securities
(2) Derivatives              435,016     (0.01%)   2,570,406    (0.08%)
(other than
options)
(3) Options and                    0     (0.00%)   4,472,272    (0.14%)
agreements to
purchase/sell

Total                    111,040,061     (3.45%)   7,212,694    (0.22%)


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number                    Number
                                     (%)                       (%)
(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


(c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

(a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase      500                  4.2519
Purchase      700                  4.2519
Purchase      940                  4.2413
Purchase      680                  4.2519
Purchase      695                  4.2443
Purchase      700                  4.2519
Purchase      1,000                4.2519
Purchase      870                  4.2468
Purchase      685                  4.2493
Purchase      1,696                4.2075
Purchase      1,433                4.2075
Purchase      44,862               4.2493
Purchase      11,441               4.2449
Purchase      1,433                4.2388
Purchase      2,578                4.2375
Sale          136                  4.2486
Sale          52                   4.2431
Sale          6,767                4.2542
Sale          1,250                4.2482
Sale          744                  4.2457
Sale          1,531                4.2431
Sale          1,500                4.2492
Sale          6,892                4.2432
Sale          3,750                4.2506
Sale          157                  4.2486
Sale          10,893               4.2375
Sale          66,453               4.2401
Sale          60,000               4.2428
Sale          186,041              4.2375


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name,      (Note 6)      (Note 7)              Unit (GBP)
e.g. CFD
CFD        Long          66,453                4.2401
CFD        Long          60,000                4.2428
CFD        Short         44,862                4.2493


(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             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)
Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)



4.   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.





Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         4 APRIL 2006
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk