Holding(s) in Company

BAE SYSTEMS PLC
03 August 2006


                   NOTIFICATION OF MAJOR INTERESTS IN SHARES



1. Name of company

BAE SYSTEMS plc


2. Name of shareholder having a major interest

FMR Corp and its direct and indirect subsidiaries, and Fidelity International
Limited and its direct and indirect subsidiaries


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


JP Morgan Chase Bank                                 172,800
Brown Brothers Harriman and Co                       36,400
JP Morgan Bournemouth                                27,558,250
Northern Trust London                                8,559,740
State Str Bk and Tr Co Lndon                         7,997,046
JP Morgan Bournemouth                                4,142,900
HSBC Bank plc                                        3,398,330
Mellon Bank                                          1,435,200
Bank of New York Brussels                            1,318,417
Bankers Trust London                                 765,200
Chase Manhttn Bk AG Frankfrt                         370,300
Midland Securities Services                          317,400
Societe Generale                                     201,700
JP Morgan Chase Bank                                 200,300
Dexia Privatbank                                     42,500
Chase Manhattan London                               39,400
State Street Bank and Tr Co                          13,618,238
Brown Bros Harriman & Co                             8,265,900
Northern Trust Co                                    4,850,568
Mellon Bank N.A.                                     3,255,155
JP Morgan Chase Bank                                 3,078,900
Bank of New York                                     1,646,500
CIBC Mellon Trust                                    961,337
Royal Trust - Toronto                                113,844
JP Morgan Chase Bank                                 26,035,909
State Street Bank and Tr Co                          12,061,080
Mellon Bank N.A                                      2,842,685
Northern Trust Co                                    2,136,880
Northern Trust London                                508,100
Mellon Bank N.A                                      99,000
JP Morgan Bournemouth                                15,488,595
Bermuda Trust Far East HK                            957,480
Brown Bros Harrimn Ltd Lux                           10,682,318
JP Morgan, Bournemouth                               7,924,437
Chase Manhatn Bk AG Frankfrt                         1,404,100
Northern Trust London                                1,152,430
State Str Bk and Tr Co Lndn                          933,626
HSBC Bank plc                                        918,100
BNP Paribas, Paris (C)                               884,150
JP Morgan, Bournemouth                               736,800
Bank of New York Brussels                            586,900
State Street Bank Australia                          524,700
National Astl Bk Melbourne                           340,900
Brown Brothers Harriman and Co                       328,400
Northern Trust Co                                    232,000
BNP Paribas, Paris                                   194,800
Ing Luxembourg                                       109,395
Morgan Stanley, London                               96,804
Master Trust Bank of Japan                           709,200
Brown Brothers Harriman and Co                       244,820
Nomura Trust and Banking                             193,500
Trust & Cust Svcs Bk Ltd, Toko                       116,550
Bank of New York Europe Ldn                          3,119,500
CDC Finance                                          521,600
State Street Bank and Tr Co                          1,417,900
State Street Hong Kong                               83,000


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.  Figures given as at 1 August 2006


11. Date company informed

2 August 2006


12. Total holding following this notification

185,931,984 shares


13. Total percentage holding of issued class following this notification

5.77%


14. Any additional information

Notification received under s198 CA85


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

David Parkes, Company Secretary  (tel: [phone])


16.  Date of notification

3 August 2006




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