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 17 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 14 March 2003 Dealing in TESCO (1)Class of security (eg ordinary shares) ORD GBP0.05 (2)Amount bought Amount sold Price per unit 144 0 1.6344 172 0 1.6470 186 0 1.6446 204 0 1.6319 220 0 1.6390 220 0 1.6341 227 0 1.7419 284 0 1.6460 287 0 1.7344 304 0 1.7094 311 0 1.7089 328 0 1.6390 340 0 1.6360 346 0 1.6344 357 0 1.6419 378 0 1.6389 383 0 1.6644 418 0 1.6390 458 0 1.6894 479 0 1.6319 511 0 1.7394 511 0 1.7344 553 0 1.6446 573 0 1.6444 600 0 1.6405 602 0 1.7269 625 0 1.7559 658 0 1.7375 682 0 1.6041 682 0 1.6041 824 0 1.6485 1,119 0 1.6041 1,119 0 1.6041 1,352 0 1.7189 1,421 0 1.7080 1,632 0 1.7259 4,558 0 1.7350 7,180 0 1.7240 9,426 0 1.6450 22,250 0 1.7240 34,700 0 1.7281 60,220 0 1.7450 0 140 1.6506 0 191 1.6429 0 226 1.6308 0 232 1.6581 0 256 1.7006 0 263 1.6335 0 292 1.6506 0 480 1.6356 0 515 1.7036 0 525 1.6335 0 552 1.6331 0 560 1.6611 0 567 1.6429 0 609 1.7260 0 683 1.6385 0 768 1.6350 0 816 1.6486 0 878 1.7061 0 1,062 1.7175 0 1,062 1.7175 0 1,112 1.6285 0 1,112 1.7061 0 1,119 1.7175 0 1,124 1.7175 0 1,178 1.6331 0 1,184 1.7431 0 1,209 1.7406 0 1,266 1.6300 0 1,293 1.6315 0 1,419 1.6285 0 1,530 1.6310 0 1,562 1.6350 0 1,920 1.6310 0 9,659 1.7240 0 16,629 1.7380 0 19,771 1.7240 0 34,700 1.7281 0 39,273 1.7200 0 39,799 1.7200 0 74,795 1.7200 0 153,075 1.7200 0 576,645 1.7166 (3)Resultant total of the same class owned or controlled 327,559,931 (and percentage of class) (4.50 % ) (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/2003/03/17/20030317BIT00620/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/17/20030317BIT00620/wkr0002.pdf