Holding(s) in Company

British Airways PLC
15 August 2003

To: British Airways plc
Dated: August 14, 2003

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.


                               SCHEDULE:

                         BRITISH AIRWAYS PLC 

                              Outstanding Shares               1,082,760,304

Registered Holder               No. of Shares                   % of Class

Bank of New York Europe Ltd            30,708                      0.0028%
London

Bank of New York. London            2,020,289                      0.1866%
London

Cede, New York                      7,746,800                      0.7155%

Chase Nominees Ltd                 37,864,573                      3.4970%

Clydesdale Bank PLC                 1,496,050                      0.1382%
Glasgow

Deutsche Bank AG                      887,300                      0.0819%
London

HSBC Bank                             222,490                      0.0205%
London

Mellon Bank NA                      6,022,105                      0.5562%
London

Merrill Lynch                       1,322,680                      0.1222%
London

Northern Trust Company              3,497,150                      0.3230%

Royal Trust Corp of Canada          6,572,571                      0.6070%
London

State Street Nominees Limited       7,844,487                      0.7245%

TOTAL                              75,527,203                      6.9754%


From: Franklin Templeton Investments


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