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 10 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 7 March 2003

Dealing in TESCO

(1)Class of security (eg ordinary shares) ORD GBP0.05

(2)Amount bought   Amount sold   Price per unit

71                0             1.6116
101               0             1.6015
121               0             1.6115
121               0             1.6135
122               0             1.6090
124               0             1.6090
129               0             1.6040
141               0             1.6080
144               0             1.6110
162               0             1.6040
168               0             1.6065
181               0             1.6090
183               0             1.6110
192               0             1.6116
194               0             1.6110
243               0             1.6105
255               0             1.6060
258               0             1.6110
261               0             1.6121
271               0             1.6121
274               0             1.6060
279               0             1.6040
281               0             1.6065
301               0             1.6115
303               0             1.6090
304               0             1.6115
304               0             1.6065
309               0             1.6140
324               0             1.6115
328               0             1.6090
334               0             1.6090
345               0             1.6115
352               0             1.6195
360               0             1.6090
364               0             1.6130
365               0             1.6090
376               0             1.6115
403               0             1.6060
425               0             1.6130
428               0             1.6065
435               0             1.6135
450               0             1.6040
457               0             1.6090
473               0             1.6816
475               0             1.6080
487               0             1.6115
502               0             1.6090
505               0             1.6090
515               0             1.6090
541               0             1.6140
545               0             1.6115
546               0             1.6090
580               0             1.6196
607               0             1.6090
608               0             1.6065
609               0             1.6090
673               0             1.6121
730               0             1.6145
762               0             1.6040
792               0             1.6190
914               0             1.6110
1,023             0             1.6121
1,188             0             1.6115
1,828             0             1.6115
2,071             0             1.6115
4,387             0             1.6097
6,765             0             1.6130
19,255            0             1.6050
19,900            0             1.6119
27,519            0             1.6050
45,996            0             1.6100
0                 179           1.6131
0                 251           1.6161
0                 268           1.6104
0                 278           1.6104
0                 291           1.6081
0                 312           1.6041
0                 484           1.6086
0                 485           1.6783
0                 594           1.6179
0                 690           1.6104
0                 875           1.6106
0                 885           1.6056
0                 947           1.6136
0                 1,048         1.6104
0                 1,238         1.6111
0                 1,438         1.6061
0                 1,725         1.6106
0                 1,758         1.6081
0                 1,921         1.6041
0                 2,010         1.6056
0                 2,058         1.6106
0                 2,080         1.6081
0                 2,245         1.6106
0                 2,417         1.6256
0                 2,579         1.6256
0                 3,234         1.6106
0                 4,113         1.6106
0                 19,900        1.6119
0                 20,202        1.6100
0                 45,963        1.6090

(3)Resultant total of the same class owned or controlled
331,105,073

(and percentage of class)
(4.55 % )


(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