BAE Systems plc has announced the purchase of its own ordinary shares as part of its share repurchase program. The company bought 146,660 ordinary shares from Morgan Stanley & Co. International plc on 15 May 2024. The highest price paid per share was 1,366.50p, the lowest was 1,351.00p, and the volume-weighted average price paid per share was 1,360.49p. The company intends to cancel the purchased shares.

In relation to the Third Tranche, since 1 June 2023, BAE Systems plc has purchased 36,166,100 shares at a cost (including dealing and associated costs) of £404,497,902.55. 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, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction. For further information, the announcement will be available on the Company's website. For additional details, investors can contact Martin Cooper, Investor Relations Director, and for media inquiries, Kristina Anderson, Director of Media Relations.

This transaction reflects the company's ongoing commitment to its share repurchase program and its strategy to manage its capital structure efficiently.