Holding(s) in Company

British Airways PLC
11 July 2002

Letter to British Airways PLC

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 Templeton Investments


                                       SCHEDULE
                                  British Airways plc

                                  Outstanding Shares         1,082,760,304

     Registered Holder          No of Shares             % of class

Chase Nominees Ltd               39,999,968                 3.6943%
HSBC Bank                           223,800                 0.0207%
CEDE & Company                    9,223,500                 0.8519%
Royal Trust Corp of Canada        5,078,222                 0.4690%
Bankers Trust Company               479,412                 0.0443%
State Street Nominees Limited     7,552,041                 0.6975%
Bank of New York Nominees         1,610,319                 0.1487% 
Royal Trust Corp.of Canada          305,900                 0.0283%
Bank of New York,Europe              30,708                 0.0028%
Deutsche Bank AG                    887,300                 0.0819%
Merrill Lynch                     1,322,680                 0.1222%
Northern Trust                    2,680,917                 0.2476%
Clydesdale Bank Plc               6,735,154                 0.6220%

TOTAL                            76,129,921                 7.0311%






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