British Airways PLC
15 November 2001
LETTER TO: BRITISH AIRWAYS PLC
13 November 2001
Set out below are amended notifications of disclosable interests under the U.K.
Companies Act 1985. Please note that while this information details the
disclosable interests of more than one entity, the disclosure constitutes
separate notifications of interest which have been combined solely for purposes
of clarity and efficiency. It is not intended to indicate that any of these
entities act as a group or in concert with respect to these interests.
These disclosures are made in the interest of conformity with the Companies Act.
The Interest detailed herein was acquired solely for investment purposes. For
disclosure purposes, holdings should be represented as FMR Corp. and its direct
and indirect subsidiaries, and Fidelity International Limited (FIL) and its
direct and indirect subsidiaries, both being non-beneficial holders.
NOTIFICATIONS UNDER SECTIONS 198 TO 202 -- UK COMPANIES ACT
1. Company in which shares are held: British Airways
2. Notifiable Interest: Ordinary Shares
A FMR Corp
82 Devonshire Street
Boston, MA 02109
Parent holding company of Fidelity Management & Research Company
(FMRCO) investment manager for US mutual funds. (See Schedule A for
listing of Registered Shareholders and their holdings.)
B Fidelity International Limited (FIL)
P.O. BOX HM 670
Hamilton HMCX, Bermuda
Parent holding company for various direct and indirect subsidiaries,
including Fidelity Investment Services Ltd (FISL), investment
managers for various non-US investment companies and institutional
clients. (See Schedule A for listing of Registered Shareholders and
their holdings).
3. The notifiable interests also comprise the notifiable interest of
Mr Edward C Johnson 3d
82 Devonshire Street
Boston, MA 02109
A principal shareholder of FMR Corp. and Fidelity
International Limited.
4. The notifiable interests include interest held on behalf of authorized
unit trust schemes in the U.K. notwithstanding the exemption from
reporting pursuant to Section 209 (1) (h) of the Companies Act 1985.
5. These notifications of disclosable interests constitute separate
notifications of interest in the shares and are combined solely for
the purposes of clarity. Nothing herein should be taken to indicate
that FMR Corp. and its direct and indirect subsidiaries,
Fidelity International Limited and its direct and indirect subsidiaries
or Mr Edward C Johnson 3d act as a group or in concert in respect of
the disclosed interests, or that they are required to submit these
notifications on a joint basis.
6. The disclosable interests arise under section 208(4) (b) of the Act,
namely where a person, not being the registered holder, is entitled
to exercise a right conferred by the holding of the shares or to
control the exercise of such rights, or under section 203 of the Act
respectively.
From: Fidelity Investments
SCHEDULE A
SECURITY: British Airways Plc
SHARES HELD MANAGEMENT NOMINEE/REGISTERED
COMPANY NAME
(Ordinary Shares)
12,560,300 FMRCO HBSC
2,118,300 FMRCO Chase Nominees Limited
94,600 FMRCO State Street Nominees Limited
4,768,009 FISL Chase Nominees Limited
327,922 FIL Chase Nominees Limited
18,728,133 FIL HBSC
TOTAL ORDINARY SHARES: 38,597,264
The following shares are based on the assumed conversion of 7,500 ADR's(10
shares per ADR)
75,000 FMRCo HBSC
Total Ordinary Shares
and ADR's 38,672,264
CURRENT OWNERSHIP PERCENTAGE: 3.57%
SHARES IN ISSUE: 1,082,742,082
CHANGE IN HOLDINGS SINCE
LAST FILING: (4,905,700) ordinary shares
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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