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 18 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 17 March 2003 Dealing in TESCO (1)Class of security (eg ordinary shares) ORD GBP0.05 (2)Amount bought Amount sold Price per unit 81 0 1.7169 114 0 1.7364 225 0 1.7344 244 0 1.7365 281 0 1.7040 281 0 1.7344 281 0 1.7115 281 0 1.7065 288 0 1.7369 338 0 1.6890 341 0 1.7125 351 0 1.7169 366 0 1.7210 394 0 1.7065 440 0 1.7240 450 0 1.7214 472 0 1.7140 479 0 1.7090 484 0 1.7140 563 0 1.7040 603 0 1.7060 620 0 1.7110 709 0 1.7389 721 0 1.7439 2,500 0 1.6925 4,000 0 1.7050 5,000 0 1.7325 5,800 0 1.7090 5,800 0 1.7090 5,800 0 1.7090 6,670 0 1.7349 11,000 0 1.6942 13,150 0 1.7313 42,384 0 1.7487 0 52 1.6956 0 233 1.7406 0 455 1.6841 0 647 1.7031 0 825 1.7206 0 875 1.7056 0 890 1.6956 0 929 1.7456 0 976 1.7431 0 1,029 1.7286 0 1,300 1.6506 0 1,309 1.7056 0 1,309 1.7056 0 1,327 1.7031 0 1,341 1.7081 0 1,349 1.7231 0 1,367 1.7130 0 1,386 1.7266 0 1,402 1.7431 0 1,437 1.6841 0 1,526 1.7131 0 1,567 1.7181 0 1,627 1.7248 0 1,633 1.7286 0 1,818 1.6936 0 1,933 1.7156 0 1,980 1.7381 0 2,090 1.7075 0 2,097 1.7216 0 3,518 1.7075 0 4,278 1.7136 0 4,603 1.7400 0 7,334 1.7025 0 9,885 1.7241 0 14,800 1.7031 0 55,374 1.7348 0 382,629 1.7348 (3)Resultant total of the same class owned or controlled 327,148,026 (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/2003/03/18/20030318BIT00360/wkr0001.doc http://www.waymaker.net/bitonline/2003/03/18/20030318BIT00360/wkr0002.pdf