AGM Trading Statement

Tesco PLC
15 June 2000
                                       
                                       
                        TESCO PLC AGM TRADING STATEMENT
                       'CONTINUED STRONG VOLUME GROWTH'

As part of his address to shareholders today at the Tesco PLC 2000 Annual
General Meeting the Chairman John Gardiner will make the following comments:-

'In the 52 weeks to 26 February 2000 total group sales rose by 9.8% to £20.4bn
and Group profit before tax is up by 8.4% to £955m.  Our full year dividend is
4.48p up 8.7% on last year.  These results demonstrate both focused strategy
and innovative management in some of the toughest ever trading conditions.

'In the first quarter of our new financial year group sales have grown by
10.1%.  This growth is driven by all four elements of our strategy, the core
UK, international expansion, our move into non-foods, and following the
customer into new areas of spending such as services and the internet.

'Total UK sales for the 12 weeks ending 20 May 2000 were up 7.1%, like-for-
like sales were up by 3.7% driven by a strong sales volume of 3.9%.  We
continue to see deflation in our core business resulting from our significant
price cuts.

'Our international business continues to grow strongly and, at constant
exchange rates, total international sales were up 51.5% in the period.

'We will add a further 4.3m sq. ft. of selling space in total this year
including 3.1m sq. ft. internationally in 29 hypermarkets as our programmes
gather further pace'.

The next trading update will be at our half-year results presentation in
September.

Enquiries:

Steve Butler
Investor Relations                  Tel:   [phone]

Nicole Lander                       Tel:   [phone]
Press                               Mob:   [phone]