Holding(s) in Company

BAE SYSTEMS PLC
11 October 2005



                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1. Name of company

BAE SYSTEMS plc

2. Name of shareholder having a major interest

DEUTSCHE BANK AG AND ITS SUBSIDIARY COMPANIES

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

DEUTSCHE BANK AG AND ITS SUBSIDIARY COMPANIES.  No further disclosure given

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 11 OCTOBER 2005

11. Date company informed

11 OCTOBER 2005

12. Total holding following this notification

129,719,861 ordinary shares

13. Total percentage holding of issued class following this notification

4.03%

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

11 OCTOBER 2005



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