Tesco Brokers

Tesco PLC
29 August 2001

29th August 2001

                                TESCO BROKERS

Tesco is pleased to announce the addition of Merrill Lynch as brokers to the
company with immediate effect. Merrill Lynch will act as joint brokers with
Deutsche Bank. Morgan Stanley will continue its long relationship with Tesco
as a corporate financial advisor.

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Enquiries:-

Tesco
Investor Relations             Steve Butler             01992 644800
Press                          Chris Leake              01992 646869


The Maitland Consultancy       Philip Gawith            020 7379 5151