Audit Committee Overview

Spirit of Governance • We are proud of what we do - we serve and equip those that serve and protect us • • BAE SYSTEMS We aim to inspire and excel in what we do - the technology we develop, the talent we build - from apprentice to boardroom - We place safety above profit - people above process - ethics above outcomes – in a workplace culture that rewards merit and values diversity and cares for the environment We work with our customers in the spirit of partnership - we combine self-interest with nations' interests seek win win solutions - and avoid win lose conflicts - We strive to go the extra mile - in the products that we make - the quality we deliver - and the service we offer We recognise we are entitled to nothing and must earn everything We reward stakeholders and deliver for our customers by honing our competitive edge, selling globally - innovating constantly striving to execute flawlessly - We are clear it is not simply how much money we make - but how we make money that counts we • • We trade responsibly - account conservatively - act with integrity and govern scrupulously We are performance driven and values led Copyright© 2020 BAE Systems. All Rights Reserved. BAE SYSTEMS is a registered trademark. 9

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