Holding(s) in Company
British Airways PLC
24 May 2007
TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached (ii):
British Airways Plc
2. Reason for the notification (please place an X inside the appropriate
bracket/s):
An acquisition or disposal of voting rights: (X)
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached: ( )
An event changing the breakdown of voting rights: ( )
Other (please specify) : (X)
New Exemption Trading Book (DTR5.1.3(4)).................
3. Full name of person(s) subject to the notification obligation (iii):
The Goldman Sachs Group, Inc.................
4. Full name of shareholder(s) (if different from 3.) (iv):
Goldman, Sachs & Co.,
Goldman Sachs International,
Goldman Sachs Asset Management International, &
Goldman Sachs Asset Management, L.P.
5. Date of the transaction (and date on which the threshold is crossed or
reached if different) (v):
18 May 2007.................
6. Date on which issuer notified:
22 May 2007
7. Threshold(s) that is/are crossed or reached:
5%.
8. Notified details:
.................
A: Voting rights attached to shares
Class/type of shares if possible Situation previous to the Triggering transaction (vi)
using the ISIN CODE
Number of shares Number of voting Rights (viii)
GB0001290575 Below 3%
Resulting situation after the triggering transaction (vii)
Class/type of shares if Number of shares Number of voting rights (ix) % of voting rights
possible using the ISIN CODE
Direct Direct (x) Indirect (xi) Direct Indirect
1,268,962 57,923,742 0.11% 5.03%
B: Financial Instruments
Resulting situation after the triggering transaction (xii)
Type of Expiration Date Exercise/Conversion Number of voting rights % of voting rights
financial (xiii) Period/ Date (xiv) that may be acquired if the
instrument instrument is exercised/
converted.
Total (A+B)
Number of voting rights % of voting rights
59,192,704 5.14%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable (xv):
The interest in 12,200 shares arose from a beneficial interest held by Goldman,
Sachs & Co. ('GS&Co.'), a direct subsidiary of GS Inc. These shares are, or will
be, registered in the name of Goldman Sachs Securities (Nominees), Limited ('
GSSN').
The interest in 3,241,443 shares arose from an interest held by Goldman, Sachs &
Co., a wholly-owned direct subsidiary of GS Inc, acting as custodian for its
customers. These shares are, or will be, registered in the name of Goldman Sachs
Securities (Nominees), Limited.
The interest in 3,375 shares arose from an interest held by Goldman, Sachs &
Co., a wholly-owned direct subsidiary of GS Inc, acting as discretionary
manager. These shares are, or will be, registered in the name of Goldman Sachs
Securities (Nominees), Limited.
The interest in 1,256,762 shares arose from a beneficial interest held by
Goldman Sachs International, a wholly-owned indirect subsidiary of GS Inc. These
shares are, or will be, registered at CREST in account CREPTEMP.
The interest in 18,549 shares arose from an interest held by Goldman Sachs
International, a wholly-owned direct subsidiary of GS Inc, acting as
discretionary manager. These shares are, or will be, registered in the name of
Goldman Sachs Securities (Nominees), Limited.
The interest in 54,660,375 shares arose from the interest held by Goldman Sachs
Asset Management, a wholly owned subsidiary of GS Inc acting as discretionary
manager. We believe that some of these shares are, or will be, registered in
the name of GSSN.
Proxy Voting:
10. Name of the proxy holder:
N/a.................
11. Number of voting rights proxy holder will cease to hold:
N/A.................
12. Date on which proxy holder will cease to hold voting rights:
N/A.................
13. Additional information:
General email contact: shareholderdisclosures@gs.com.................
14. Contact name:
Joanne Wall/Sean Rogers.................
15. Contact telephone number:
020 7051 1704/020 7552 9205
.................
---------------------------------
Alan Buchanan
Company Secretary
British Airways Plc
020 8738 5119
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