Rule 8 - TESCO

Form 8.1/8.3 Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel. Use separate form for each class of securities in which dealings have been made. Date of Disclosure 12 March 2003 DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON TAKEOVERS AND MERGER Date of Dealing 11 March 2003 Dealing in TESCO (1)Class of security (eg ordinary shares) ORD GBP0.05 (2)Amount bought Amount sold Price per unit 119 0 1.6365 119 0 1.6165 137 0 1.6335 173 0 1.6265 176 0 1.6265 196 0 1.6321 221 0 1.6271 235 0 1.6320 240 0 1.6290 263 0 1.6315 286 0 1.6235 289 0 1.6235 306 0 1.6215 349 0 1.6315 360 0 1.6265 369 0 1.6315 402 0 1.6385 407 0 1.6240 413 0 1.6365 420 0 1.6285 422 0 1.6265 430 0 1.6271 431 0 1.6215 432 0 1.6290 442 0 1.6215 487 0 1.6415 496 0 1.6190 522 0 1.6385 536 0 1.6215 578 0 1.6290 580 0 1.6365 580 0 1.6165 724 0 1.6165 756 0 1.6371 957 0 1.6140 1,674 0 1.6240 21,785 0 1.6500 0 219 1.6281 0 282 1.6281 0 441 1.6254 0 474 1.6230 0 558 1.6256 0 723 1.6356 0 766 1.6256 0 776 1.6329 0 777 1.6256 0 915 1.6306 0 1,185 1.6180 0 1,246 1.6180 0 1,445 1.6211 0 1,516 1.6381 0 1,522 1.6281 0 1,544 1.6331 0 1,560 1.6161 0 1,620 1.6300 0 1,636 1.6331 0 1,746 1.6181 0 2,072 1.6156 0 2,347 1.6231 0 2,700 1.6180 0 2,943 1.6206 0 3,370 1.6106 0 3,548 1.6281 (3)Resultant total of the same class owned or controlled 328,123,860 (and percentage of class) (4.51 % ) (4) Party making disclosure Barclays PLC (5) EITHER (a) Name of purchaser/vendor (Note 1) (b) If dealing for discretionary client(s), name of fund management organisation Barclays PLC (6) Reason for disclosure (Note 2) (a) associate of (i) offeror (Note 3) NO (ii) offeree NO Specify which category or categories of associate (1-8 overleaf) (b) Rule 8.3 (i.e disclosure because of ownership or control of 1% or more of the class of relevant securities dealt in) YES Signed, for and on behalf of the party named in (4) above .................................................................. (Also print name of signatory) Geoff Smith Telephone and extension number 0207 699 2305 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/03/12/20030312BIT00750/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/12/20030312BIT00750/wkr0002.pdf

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