BAE Systems plc has provided an update on its share repurchase program, in accordance with the terms of its buyback program announced on 28 July 2022. The company purchased 159,733 of its ordinary shares from Morgan Stanley & Co. International plc on 26 February 2024. The highest price paid per share was 1,257.00p, the lowest was 1,239.00p, and the volume-weighted average price paid per share was 1,249.13p. The company intends to cancel the purchased shares.

Regarding the third tranche of the buyback program, since 1 June 2023, BAE Systems plc has purchased 27,982,190 shares at a cost (including dealing and associated costs) of £296,164,160.49. A full 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 on the company's website.

This announcement does not constitute an offer or solicitation of an offer for securities in any jurisdiction. The announcement is available on the company's website. 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.