Director Shareholding

Tesco PLC
22 September 2004


Tesco PLC

DIRECTORS' SHAREHOLDINGS


The Company was informed yesterday that, as a result of his Executive Share
Option Schemes coming towards expiry, the following Director exercised his
remaining options over Ordinary shares of 5p each in the Company under the Tesco
Executive Share Option Scheme and sold a total of 2,946,811 Ordinary shares at a
price of 280.00p.

Director                No of Shares              Option Price

D E Reid                90,245                    164.00p
D E Reid                425,827                   179.42p
D E Reid                117,920                   173.00p
D E Reid                11,308                    205.00p
D E Reid                593,570                   205.00p
D E Reid                502,024                   247.00p
D E Reid                498,069                   259.00p
D E Reid                707,848                   197.50p


The Company was also informed yesterday that the following Director exercised
options over Ordinary shares of 5p each in the Company under the Tesco Executive
Share Option Scheme and sold a total of 888,288 Ordinary shares at a price of
282.50p.

Director                No of Shares              Option Price

D T Potts               38,756                    164.00p
D T Potts               288,730                   178.00p
D T Potts               199,827                   173.00p
D T Potts               14,634                    205.00p
D T Potts               346,341                   205.00p



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


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