Director/PDMR Shareholding

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Thomas Arseneault

2

Reason for the notification

a)

Position/status

President & CEO of BAE Systems, Inc

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 288,602 options, under the 2012 Executive Share Option Plan and the subsequent sale of 153,976 shares, including those sold to satisfy tax liabilities.

c)

Price(s) and volume(s)

d)

Aggregated information

- Aggregated volume

- Price

Exercise

Volume: 288,602

Price GBP: £1,122,373.18

Shares retained to settle the cost of exercise

Volume: 134,626

Price GBP: £1,122,376.962

Shares sold, including those sold to satisfy tax liabilities

Volume: 153,976

Price GBP: £1,283,697.912

e)

Date of the transaction

2022-10-11

f)

Place of the transaction

XLON - London Stock Exchange