BAE Systems PLC has announced a private placement of notes to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to non-U.S. persons outside the United States in accordance with Regulation S under the Securities Act. The Notes will be issued by BAE Systems PLC and consist of various aggregate principal amounts and due dates, totaling U.S. $4.8 billion. The net proceeds of the offering will be used to refinance a bridge loan facility agreement and for general corporate purposes, including the repayment of indebtedness. The offering is expected to close on or about 26 March 2024.

It's important to note that the Notes will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Notes. Any offer of the Notes will be made only by means of a private offering memorandum.

For further information, BAE Systems PLC has provided contact details for Investor Relations and Media Relations. Martin Cooper, the Investor Relations Director, can be reached at +44 (0)1252 383455, while Kristina Anderson, the Director of Media Relations, can be contacted at +44 (0)7540 628673.