Pre-Close Season Briefings

Tesco PLC
19 February 2001


19 February 2001

                                  TESCO PLC


Tesco PLC will today commence a series of pre-close season analyst meetings
ahead of the year-end on 24 February 2001. At the meetings Tesco will update
analysts on performance against the previously stated strategy.

Management remains confident that it will deliver results which are broadly in
line with the current consensus forecast.

The full-year preliminary results will be announced on 10 April 2001.


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Enquiries:

Tesco      Investor Relations

Steve Butler                          Tel:           [phone]
Harjeet Drubra                        Tel:           [phone]