Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clifford Robson

2

Reason for the notification

a)

Position/status

Group Managing Director, Air

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Exercise of 100,237 options under the Long Term Incentive Plan ("LTIP") and the subsequent sale of 20,829 shares, including those sold to satisfy income tax and NIC liabilities.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

Exercise

Volume: 100,237

Price GBP: £555,384.48

Shares retained to settle the cost of exercise

Volume: 73,510

Price GBP: £555,390.10

Shares sold, including those sold to satisfy income tax and NIC liability

Volume: 20,829

Price GBP: £157,369.34

e)

Date of the transaction

2022-05-20

f)

Place of the transaction

XLON - London Stock Exchange

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clifford Robson

2

Reason for the notification

a)

Position/status

Group Managing Director, Air

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 2.5p each in BAE Systems plc

GB0002634946

b)

Nature of the transaction

Exercise of 17,348 performance shares under the Long Term Incentive Plan ("LTIP") and the subsequent sale of 13,873 shares, including those sold to satisfy income tax and NIC liabilities.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

e)

Date of the transaction

2022-05-20

f)

Place of the transaction

XLON - London Stock Exchange