Rule 8.3- BAE System Plc

RNS Number:5483B
Credit Industriel et Commercial
13 April 2006



                                                                        FORM 8.3


   DEALINGS BY PERSONS WHO OWN OR CONTROL 1% OR MORE OF ANY CLASS OF RELEVANT
                                    SECURITY

              (Rule 8.3 of The City Code on Takeovers and Mergers)


Name of purchaser                               CREDIT INDUSTRIEL ET COMMERCIAL

Company dealt in                                BAE Systems Plc

Relevant security dealt in                      ordinary

If a connected EFM, name of offeree/offeror
with which connected

If a connected EFM, nature of connection #



DEALINGS +


Date of dealing    Amount bought               Price per unit (currency must be stated)


February 24th,     16 052 000                  # 4.29
2006
                   
March 8th, 2006    14 000 000                  #4.16
                   
March 13th,  2006  15 000 000                  # 4.17
                   
March 27th, 2006   10 000 000                  # 4.17
                   
April 10th, 2006   10 000 000                  #4.29
                   
April 12th, 2006   10 000 000                  #4.14



                   Amount sold                 Price per unit (currency must be stated)




Resultant total amount and percentage of the    75 052 310 (2.46%)
same relevant security owned or controlled



IS A SUPPLEMENTAL FORM 8 (DERIVATIVE)/FORM 8 (OPTION) ATTACHED?           NO


Date of disclosure                              April 13th, 2006

Contact name                                    Celine Collin

Telephone number                                [phone]




*  Specify the owner or controller in addition to the person dealing.  The
naming of nominees or vehicle companies is insufficient.  In the case of
disclosure of dealings by fund managers on behalf of discretionary clients, the
clients need not be named.

#  See the definition of "connected fund managers and principal traders" in the
Definitions Section of the Code.

+  If disclosing dealings/holdings in derivatives or options, please attach
Supplemental Form 8 (Derivative) or Supplemental Form 8 (Option), as
appropriate.



For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk.








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