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BAA Announcement On Eurotunnel.

Business Editors

LONDON--(BUSINESS WIRE)--June 2, 2000

BAA plc, the UK-based airport company, today announced the commencement of an action in the High Court seeking rescission of its contract with Eurotunnel and alternatively damages for misrepresentation and for breach of warranty.

BAA ordinary shares trade on the London Stock Exchange; prices may be accessed on Bloomberg under the symbol BAA LN, on the Reuter Equities 2000 Service under BAA.L and on Quotron under BAANU.EU. BAA ADRs, each equal to one ordinary share, appear on the pink sheets under BAAPY. Additional information is available on BAA's home page: http://www.baa.co.uk.

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