WOOLF REPORT TO BE PUBLISHED ON 6 MAY 2008

WOOLF REPORT TO BE PUBLISHED ON 6 MAY 2008

02 May 2008 | Ref. 143/2008

London, United Kingdom – BAE Systems welcomes today’s announcement that the Woolf Committee will publish its report on Tuesday, 6 May 2008. The Company took the bold step of establishing the Committee as part of its commitment to continuous improvement in all aspects of its business.

Mike Turner, Chief Executive of BAE Systems said: “We look forward to receiving a copy of the Report on Tuesday and we remain committed to implementing all of the Report’s recommendations in full, throughout the Company.”

Dick Olver, Chairman of BAE Systems said: “We are committed to achieving a demonstrable leadership position in ethical business practice.”