BAE SYSTEMS WELCOMES PUBLICATION OF WOOLF COMMITTEE REPORT

BAE SYSTEMS WELCOMES PUBLICATION OF WOOLF COMMITTEE REPORT

06 May 2008 | Ref. 144/2008

BAE Systems welcomes the publication today, of the Woolf Committee Report.

A full copy of the Report is available at www.baesystems.com/woolfcommittee.

“The Committee’s publication of this Report is an important step towards BAE Systems’ objective of achieving benchmark standards of governance in the conduct of its day-to-day business,” states Dick Olver, Chairman, BAE Systems.

“We will carefully study the Report’s contents to understand the detail of its conclusions and remain committed to acting on all the Committee’s recommendations,” adds Mike Turner, Chief Executive.

More detailed feedback, together with associated actions and how and when these will be communicated, will be provided by the end of July.