British Airways PLC
5 February 2002
LETTER TO BRITISH AIRWAYS PLC
DATED 4 FEBRUARY, 2002
Notification concerning interests in shares.
1 Wellington Management Company, LLP ('WMC'), the undersigned, acts as
discretionary investment manager to various separate accounts (the
'Accounts') that hold beneficial interests in British Airways plc (the
'Company'). Please note that while the information given below details the
disclosable interests of more than one entity, the notification is not
extended to indicate that any of these entities act as a group or in concert
with respect to these interests. The interests detailed in paragraph 4 below
were acquired for the Accounts in our capacity as discretionary investment
manager to, and solely for the benefit of, the Accounts and the interests
were acquired solely for investment purposes.
2 WMC hereby gives notice to the Company pursuant to the provisions of
Sections 198(1) and 208(4)(B) of the Companies Act 1985 (the 'Act'), of the
event referred to in paragraph 4 below.
3 This notice is given in fulfillment of, and for the express purpose of
discharging the obligations imposed on us by, the said Sections and arising
out of the circumstances referred to in paragraph 4 below.
4 WMC is aware that it currently holds, in the aggregate, with respect to the
Accounts, an interest, within the meaning of Sections 203 and 208 of the
Act, in 32,044,873 ordinary shares, 3,600,540 ADRs, and 3,495 Cedears. On a
converted basis, this represents the equivalent of 68,061,923 ordinary
shares, or 6.29% of the shares outstanding in the capital of the Company.
This represents an increase of 1.04% since our notification dated
11 January, 2002.
The aforementioned shares are registered in the name of the Accounts or their
custodians or nominees according to their respective holdings.
Our interest in the aforementioned shares is such an investment as is mentioned
in Section 205(5) of the Act.
LETTER FROM WELLINGTON MANAGEMENT COMPANY, LLP
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