Director/PDMR Shareholding

British Airways PLC 22 December 2006 British Airways Plc (the 'Company') Employee Share Schemes - Announcement of transaction in ordinary shares of 25p each. Exercise of options The Company announces that on 22 December 2006 it was notified that, on 21 December 2006, options to acquire ordinary shares of 25p each in the capital of the Company granted under the Company's Long Term Incentive Plan 1996 and Share Option Plan 1999 had been exercised by executive directors and/or persons discharging managerial responsibility ('PDMR') as detailed in the table below. Table 1 Name Director/PDMR Number of shares Option price Lloyd Cromwell Griffiths PDMR 97,147 Nil cost Lloyd Cromwell Griffiths PDMR 127,388 157p Lloyd Cromwell Griffiths PDMR 48,461 321p Lloyd Cromwell Griffiths PDMR 29,473 380p Lloyd Cromwell Griffiths PDMR 23,096 394p The Company also received notification that the directors and/or PDMRs listed below each sold ordinary shares of 25p each in the capital of the Company on the London Stock Exchange as set out in the following table: Table 2 Name Director/PDMR Number of shares Sale price Date of sale Lloyd Cromwell Griffiths PDMR 97,147 521.44p 21.12.06 Lloyd Cromwell Griffiths PDMR 127,388 521.44p 21.12.06 Lloyd Cromwell Griffiths PDMR 48,461 521.44p 21.12.06 Lloyd Cromwell Griffiths PDMR 29,473 521.44p 21.12.06 Lloyd Cromwell Griffiths PDMR 23,096 521.44p 21.12.06 Sale of shares by employee trust The Company also received notification that on 21 December 2006 the Trust disposed of 97,147 ordinary shares of 25p each to satisfy the exercise of options under the Company's Long Term Incentive Plan. Willie Walsh and Keith Williams, executive directors of the Company, as well as other employees, are potential beneficiaries of the trust. As such, they are deemed to be interested in the shares held by the Trustee. Accordingly, the number of shares held by the Trust in which the directors are interested decreased by 97,147 following the disposal. Neither Willie Walsh nor Keith Williams has sold shares personally. This announcement is made following notifications under both section 324 Companies Act 1985 and Disclosure Rule 3.1.2. Contact: Alan Buchanan, Company Secretary Tel: 020 8738 5119 This information is provided by RNS The company news service from the London Stock Exchange

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