Director/PDMR Shareholding

1

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

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

2

Reason for the notification

a)

Position/status

President and Chief Executive Officer of BAE Systems, Inc.

b)

Initial notification /Amendment

Initial notification

3

 Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tom Arseneault

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 268,594 options under the BAE Systems 2018 Long Term Incentive Plan (LTIP), and the subsequent sale of 195,130 shares including those to satisfy tax liabilities.

c)

Price(s) and volume(s)

d)

Aggregated information

- Price

- Aggregated volume

Exercise

Volume: 268,594

Price GBP: £1,562,679.89

Shares retained to cover the costs of exercise

Volume: 73,464

Price GBP: £1,562,689.47

Sale of shares, including those to satisfy tax liabilities

Volume: 195,130

Price GBP: £4,150,707.79

e)

Date of the transaction

2026-02-24

f)

Place of the transaction

XLON - London Stock Exchange

1

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

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

2

Reason for the notification

a)

Position/status

President and Chief Executive Officer of BAE Systems, Inc.

b)

Initial notification /Amendment

Initial notification

3

 Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Tom Arseneault

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 352,471 options under the BAE Systems 2019 Long Term Incentive Plan (LTIP), and the subsequent sale of 272,106 shares including those to satisfy tax liabilities.

c)

Price(s) and volume(s)

d)

Aggregated information

- Price

- Aggregated volume

Exercise

Volume: 352,471

Price GBP: £1,709,484.35

Shares retained to cover the costs of exercise

Volume: 80,365

Price GBP: £1,709,484.09

Sale of shares, including those to satisfy tax liabilities

Volume: 272,106

Price GBP: £5,788,102.77

e)

Date of the transaction

2026-02-24

f)

Place of the transaction

XLON - London Stock Exchange

1

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

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

2

Reason for the notification

a)

Position/status

Group Managing Director, Maritime and Land UK

b)

Initial notification /Amendment

Initial notification

3

 Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Glynn Phillips

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

Sale of Shares.

c)

Price(s) and volume(s)

d)

Aggregated information

- Price

- Aggregated volume

N/A Single transaction

e)

Date of the transaction

2026-02-24

f)

Place of the transaction

XLON - London Stock Exchange

1

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

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

2

Reason for the notification

a)

Position/status

Group Managing Director, Maritime and Land UK

b)

Initial notification /Amendment

Initial notification

3

 Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Glynn Phillips

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

Sale of Shares.

c)

Price(s) and volume(s)

d)

Aggregated information

- Price

- Aggregated volume

N/A Single transaction

e)

Date of the transaction

2026-02-24

f)

Place of the transaction

XLON - London Stock Exchange

1

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

a)

Name

BAE Systems plc

b)

LEI

8SVCSVKSGDWMW2QHOH83

2

Reason for the notification

a)

Position/status

Person closely associated with Ed Gelsthorpe (Group General Counsel / PDMR)

b)

Initial notification /Amendment

Initial notification

3

 Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Claire Gelsthorpe

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

Sale of Shares.

c)

Price(s) and volume(s)

d)

Aggregated information

- Price

- Aggregated volume

N/A Single transaction

e)

Date of the transaction

2026-02-24

f)

Place of the transaction

XLON - London Stock Exchange