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               21 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)




(1) Relevant             119,939,044   (3.72%)       306,131    (0.01%)
securities
(2) Derivatives              475,782   (0.01%)     2,172,957    (0.07%)
(other than
options)
(3) Options and                    0   (0.00%)     4,472,272    (0.14%)
agreements to
purchase/sell

Total                    120,414,826   (3.74%)     6,951,360    (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


(e)  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      1,400                4.2732
Purchase      455                  4.2921
Purchase      799                  4.3218
Purchase      450                  4.2932
Purchase      675                  4.2902
Purchase      765                  4.3113
Purchase      9,933                4.2819
Purchase      12,500               4.2942
Purchase      7,793                4.2809
Purchase      917                  4.2351
Purchase      4,634                4.2351
Purchase      8,332                4.2994
Purchase      19,132               4.2994
Purchase      27,849               4.2994
Sale          700                  4.2811
Sale          992                  4.3098
Sale          965                  4.2762
Sale          4,400                4.2693
Sale          9,933                4.2694
Sale          45,571               4.3085
Sale          6,704                4.3050
Sale          12,730               4.2800


(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          4,400                 4.2693
CFD        Long          45,571                4.3085
CFD        Long          9,933                 4.2694
CFD        Short         9,933                 4.2819
CFD        Short         12,500                4.2942
CFD        Short         7,793                 4.2809
CFD        Short         1,889                 4.2625
CFD        Short         4,212                 4.3125


(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                         24 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