BAE Systems plc has announced that it has purchased 182,056 of its ordinary shares of 2.5p each from Morgan Stanley & Co. International plc. The purchase was made in accordance with the terms of BAE Systems' share repurchase program, which was announced on July 28, 2022. The shares were bought on December 27, 2023, with the highest price paid per share at 1,099.00p and the lowest price paid per share at 1,088.00p. The volume-weighted average price paid per share was 1,095.38p. The company intends to cancel the purchased shares.

Since July 28, 2022, BAE Systems has purchased a total of 20,921,169 shares at a cost of £212,004,887.25, including dealing and associated costs. A breakdown of the individual trades made by Morgan Stanley & Co. International plc on behalf of the company as part of the share repurchase program is available in the attached document.

This announcement does not constitute an offer or solicitation of an offer for securities in any jurisdiction. The announcement can be found on BAE Systems' website, and for further information, investors can contact Martin Cooper, Investor Relations Director, at +44 (0)1252 383455 or via email at [email protected]. Media inquiries can be directed to Kristina Anderson, Director of Media Relations, at +44 (0)7540 628673.