Holding(s) in Company

BAE SYSTEMS PLC
05 November 2007


TR-1:               notification of major interests in shares


1. Identity of the issuer or the underlying issuer of existing               BAE SYS EQUITIES
shares to which voting rights are attached:

2. Reason for the notification

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

3. Full name of person(s) subject to the notification           AXA S.A., 25 Avenue Matignon, 75008 Paris
obligation:                                                            and its group of companies

4. Full name of shareholder(s) (if different from 3.)

5. Date of the transaction and date on which the threshold is                   30/10/2007
crossed or reached:

6. Date on which issuer notified:                                      31/10/07 (Received 02/11/07)

7. Threshold(s) that is/are crossed or reached:                                    10%

8. Notified details:

A: Voting rights attached to shares

Class/type of     Situation previous to the Resulting situation after the triggering transaction
shares            Triggering transaction
                  Number of    Number of    Number of    Number of voting rights  % of voting rights
                  Shares       Voting       shares
                               Rights       Direct       Direct      Indirect     Direct      Indirect

                  350,021,854  350,021,854  28,302,561   28,302,561  333,897,931  0.81          9.51
0262494

B: Financial Instruments

Resulting situation after the triggering transaction

Type of financial    Expiration date Exercise/ Conversion      Number of voting rights    % of voting
instrument                           Period/ Date              that may be acquired if    rights
                                                               the instrument is
                                                               exercised/ converted.



Total (A+B)
Number of voting rights                            % of voting rights

     362,200,492                                           10.32%


Proxy Voting

10. Name of proxy holder:

11.  Number of Voting Rights Proxy Holder will cease
to hold:

12.  Date on which proxy holder will cease to hold
voting rights:

13.  Additional information:

14.  Contact name:                                     Terry Marsh (AXA)

15.  Contact telephone number:                         020 7003 2637


9. Chain
Name of Company/Fund                      Number of Shares             % of issued share capital

AXA Ireland Pension Fund                  34,542                       0.00098
Indirect

AXA Sun Life plc                          2,619,345                    0.07462
AXA Rosenberg
Direct

AXA Sun Life plc                          1,160,000                    0.03305
Deferred Distribution Fund Life
Direct

AXA Sun Life plc                          110,000                      0.00313
Distribution Fund Life
Direct

AXA UK Investment Co ICVC                 121,000                      0.00345
Global Distribution Fund
Indirect

AXA UK Investment Co ICVC                 488,000                      0.01390
Global Growth Fund
Indirect

AXA UK Investment Co IVCV                 600,000                      0.01709
UK Opportunities Fund
Indirect

AXA Sun Life plc                          750,000                      0.02137
Retirement Distribution Pension
Direct

Sun Life Assurance Society Plc            1,891,274                    0.05388
AXA Rosenberg
Direct

AXA Financial, Inc                        175,164,418                  4.99032
Indirect

AXA Colonia Konzern                       439,808                      0.01253
Indirect

AXA Colonia Konzern                       179,413                      0.00511
Indirect

AXA France                                5,210,304                    0.14844
Indirect

AXA Australia                             12,000                       0.00034
Indirect

AXA Rosenberg                             48,045,035                   1.36877
Indirect

Sun Life International (IOM) Ltd          2,425                        0.00007

AXA Financial, Inc                        104,043,219                  2.96412
Indirect

Sun Life Pensions Management Ltd          345,177                      0.00983
Direct

Sun Life Pensions Management Ltd          44,076                       0.00126
Direct

AXA Sun Life                              10,000                       0.00028
LTAV UK Equity Life
Direct

AXA Sun Life                              876,183                      0.02496
ABL High Alpha Life
Direct

AXA Sun Life                              585,330                      0.01668
FTSE All Share Tracker Life
Direct

AXA Sun Life                              1,825,000                    0.05199
LTAV UK Equity Pension
Direct

AXA Sun Life                              4,368,119                    0.12444
ABL High Alpha Pension
Direct

AXA Sun Life                              2,974,637                    0.08475
FTSE All Share Tracker Pension
Direct

AXA Winterthur                            6,542,538                    0.18639
Direct

AXA Sun Life plc                          2,317,403                    0.06602
With Profit Transition Fund
Direct

Sun Life Assurance Society plc            1,441,246                    0.04106
With Profit Transition Fund
Direct


                            Total Direct:  28,302,561                  0.80632

                          Total Indirect: 333,897,931                  9.51253
                                   TOTAL: 362,200,492                  10.31885




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