BAE Systems plc has announced the purchase of its own ordinary shares as part of its share repurchase program. The company acquired 161,210 ordinary shares from Morgan Stanley & Co. International plc on 16 February 2024. The highest price paid per share was 1,245.50p, the lowest was 1,225.50p, and the volume-weighted average price paid per share was 1,237.54p. The company intends to cancel the purchased shares.

Since 1 June 2023, BAE Systems plc has purchased 27,022,007 shares at a cost of £284,147,326.63 as part of the third tranche of the Buyback Programme. A full breakdown of the individual trades made by Morgan Stanley & Co. International plc on behalf of the Company is available in the attached document.

This announcement does not constitute an offer for securities in any jurisdiction. The details of the announcement will be available on the Company's website. For further information, investors can contact Martin Cooper, Investor Relations Director, and media inquiries can be directed to Kristina Anderson, Director of Media Relations.

This transaction reflects BAE Systems plc's commitment to its share repurchase program and its ongoing efforts to optimize its capital structure and enhance shareholder value.