Conversion of Securities

BAE SYSTEMS PLC
26 June 2007



BAE SYSTEMS plc


7.75p (net) Cumulative Redeemable Preference Shares of 25p each

Copies of the following document:

Preference Shareholder Letter - Conversion of Outstanding Preference Shares
have been submitted to the UK Listing Authority and will shortly be available
for publication at the UK Listing Authority's Document Viewing Facility which is
situated at:


Financial Services Authority
25 The North Colonnade
Canary Wharf
London  E14 5HS
Tel: [phone].



26 June 2007






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