Director Shareholding

Tesco PLC
03 July 2003

Tesco PLC ('the Company')

DIRECTORS SHAREHOLDING

The Company has been informed that the following Directors have exercised
options on 2 July 2003 that would be time expired on 3 July 2003, over Ordinary
shares of 5p each in the Company, under the Tesco Executive Share Option Scheme,
at an option price of 98.33p per share and subsequently sold the shares at a
price of 214.75p per share.

Director                         No.of Shares                 No. of Shares
                                 Exercised                    Sold

J Gildersleeve                   122,034                      122,034
D E Reid                         223,728                      223,728
T P Leahy                        523,728                      240,393




Enquiries:

M J Field
Deputy Secretary
Tesco PLC
Tel:- [phone]



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