EPT Disclosure BAA PLC

FORM 38.5

                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS
              (Rule 38.5 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of exempt principal      BARCLAYS CAPITAL SECURITIES LIMITED
trader
Company dealt in              BAA PLC
Class of relevant security    GBP ORD 1.00
to which the dealings being
disclosed relate (Note 1)
Date of dealing               30 MARCH 2006


2.   DEALINGS (Note 2)

(a)  Purchases and sales

Total number of          Highest price paid      Lowest price paid (GBP)
securities purchased     (GBP)

19,591                   8.3388                  8.3342


Total number of          Highest price received  Lowest price paid
securities sold          (GBP)                   received (GBP)

460,735                  8.3885                  8.3502


(b)  Derivatives transactions (other than options)

Product       Long/short       Number of securities   Price per unit
name,         (Note 4)         (Note 5)               (GBP)
e.g. CFD
CFD           Short            3,000                  8.3342
CFD           Long             81,900                 8.3501
CFD           Long             375,000                8.3800


(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product       Writing,     Number of    Exerci   Type,     Expiry  Option
name,         selling,     securities   se       e.g.      date    money
e.g. call     purchasing,  to           price    American,         paid/received
option        varying      which the             European          per unit
              etc.         option                etc.              (Note 3)
                           relates
                           (Note 5)


The  following Option transaction which was disclosed on 24 March 2006 has  been
cancelled
Product       Writing,     Number of    Exerci   Type,     Expiry      Option
name,         selling,     securities   se       e.g.      date        money
e.g. call     purchasing,  to           price    American,             paid/received
option        varying      which the             European              per unit
              etc.         option                etc.                  (Note 3)
                           relates
                           (Note 5)
Call          Purchasing   4,518        9.3437   European  08/05/2006  0.03352


(ii)     Exercising

Product name, e.g. call  Number of securities    Exercise price per unit
option                                           (Note 3)




3.   OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.






Date of disclosure                         31 MARCH 2006
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
Name of offeree/offeror with which         BAA PLC
connected
Nature of connection (Note 6)              ADVISOR


Notes

The Notes on Form 38.5 can be viewed on the Takeover Panel's website at
 www.thetakeoverpanel.org.uk