BAA plc - Notification of change in directors' interests in shares.

Ordinary Shares held by the Trustee of the BAA Employee Share Trust

I hereby give notice that the following directors of BAA plc namely:

Mr M Clasper

Mr B J Collie

Mrs M Ewing

Mrs J Kong

Mr M Toms

Mr T Ward

have an interest as potential beneficiaries in shares held by the BAA Employee
Share Trust and that on 5 January 2004, the Company was notified that the
Trustee of the BAA Employee Share Trust had disposed of the following ordinary
shares in the Company:

No. of shares            Price Range of      Percentage of issued share      
                         shares              capital                         
                                                                             
14,497                   �4.545 - �4.745     0.001354730%                    

Subsequent to this transaction, the total number of shares in which the above
directors, through the BAA Employee Share Trust, had an interest as potential
beneficiaries, was:

Total no. of shares      Total percentage of issued share       
                         capital                                
                                                                
8,205,794                0.766823338%                           





END