Holding(s) in Company

BAE SYSTEMS PLC
23 September 2005

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Name of company

BAE SYSTEMS plc

2. Name of shareholder having a major interest

BRANDES INVESTMENT PARTNERS, L.P.

3. Please state whether notification indicates that it is in respect of holding
of the shareholder named in 2 above or in respect of a non-beneficial interest
or in the case of an individual holder if it is a holding of that person's
spouse or children under the age of 18

SHAREHOLDER NAMED IN 2 ABOVE

4. Name of the registered holder(s) and, if more than one holder, the number of
shares held by each of them

N/A - SEE PARAGRAPH (12) BELOW

5. Number of shares / amount of stock acquired

N/A

6. Percentage of issued class

N/A

7. Number of shares / amount of stock disposed

N/A

8. Percentage of issued class

N/A

9. Class of security

Ordinary shares of 2.5 pence each

10. Date of transaction

NOT DISCLOSED.  SHAREHOLDING GIVEN AS AT 19 SEPTEMBER 2005

11. Date company informed

23 SEPTEMBER 2005

12. Total holding following this notification

THE ABOVE SHAREHOLDER'S INTEREST IN THE ORDINARY SHARE CAPITAL OF BAE SYSTEMS 
PLC HAS REDUCED TO LESS THAN 3%.

13. Total percentage holding of issued class following this notification

LESS THAN 3%

14. Any additional information

Notification received under s198 CA85

15. Name of authorised company official responsible for making this notification

Ann-Louise Holding, Assistant Company Secretary    (01252 373232)

16.  Date of notification

23 SEPTEMBER 2005




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