Holding(s) in Company

British Airways PLC
13 March 2002


LETTER TO BRITISH AIRWAYS PLC - 12 MARCH 2002

S.198 Companies Act - Disclosure of Share Interests

We are acting on behalf of Franklin Resources, Inc. and its affiliates, which
includes Franklin Mutual Advisers, LLC and Templeton Worldwide, Inc. and its
affiliates. Franklin Resources, Inc. and its affiliates perform investment
management and advisory services for clients on a global basis.

We wish to advise you of interests in the share capital of your Company under
management of Franklin Resources, Inc. and its affiliates on behalf of clients,
as detailed in the schedule below.

FROM FRANKLIN RESOURCES INC.

 
                                  SCHEDULE
     
                               British Air plc

                             Outstanding Shares       1,082,749,000

 
Registered Holder               No. of Shares           % of Class

Chase Nominees Ltd               34,981,074              3.2308%
 
HSBC Bank                           442,110              0.0408%
 
CEDE & Company                    6,486,950              0.5991%

Royal Trust Corp of Canada        4,313,294              0.3984%

Bankers Trust Company               479,412              0.0443%

State Street Nominees Limited     7,316,259              0.6757%
 
Bank of New York Nominees         1,346,669              0.1244%
 
Citibank Nominees Ltd.                    0              0.0000%

Bank of New York                     30,708              0.0028%
 
Deutsche Bank AG                    435,400              0.0402%
 
Merrill Lynch                     1,322,680              0.1222%
 
Northern Trust                    2,863,077              0.2644%
 
Clydesdale Bank Plc               6,187,954              0.5715%
 
TOTAL                            66,205,587              6.1146%



                      This information is provided by RNS
            The company news service from the London Stock Exchange