BAE Systems plc has announced the purchase and cancellation of a number of its ordinary shares as part of its share repurchase program. The company has purchased 147,000 ordinary shares from J.P. Morgan Securities plc on the London Stock Exchange. The highest price paid per ordinary share was 1,362.5000p, the lowest price paid was 1,347.0000p, and the volume weighted average price paid per share was 1,354.8740p. The company intends to cancel all of the purchased ordinary shares.

In relation to the First Tranche, the Company has purchased 2,624,050 ordinary shares in aggregate at a volume weighted average price of 1,293.1384p per ordinary share. This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.

The full breakdown of the individual purchases of ordinary shares made by JPMS plc on behalf of the Company can be found on the London Stock Exchange's website. This announcement will also be available on the Company's website. For further information, contact details for Investor Relations and Media Relations are provided.

This transaction reflects the company's commitment to its share repurchase program and its strategy for managing its capital structure.