Trading Statement

Tesco PLC
26 November 2002

                                   TESCO PLC

                          QUARTER 3 TRADING STATEMENT

                           GROUP SALES GROW BY 10.5%




STRONG GROUP SALES GROWTH

Group sales for the fourteen weeks ending 16th November increased by 10.5%. This
growth was driven by all four parts of our strategy: a continued strong core UK
performance, increasing non-food sales, strong performance across our
international business and the success of retailing services.

This year we will create in excess of 25,000 jobs world-wide taking the total
number of people employed to over 285,000.

UK CONTINUES TO OUTPERFORM

Total UK sales for the fourteen weeks ending 16th November were up 7.3%. Like
for like sales were 3.8% in line with our plan. Sales were driven by volumes of
4.2% on top of strong volume growth last year. We have continued to see
deflation reflecting our determination to deliver the best value for our
customers.

STRONG INTERNATIONAL PERFORMANCE

International sales were up 29% in the third quarter, in line with our plans.
All countries have contributed to this growth.

                                    - ends -

Enquiries:-

Steve Butler                  Tesco Investor Relations       Tel:- 01992 644 800

Tesco Press Office                                           Tel:- 01992 646 869

Angus Maitland                Maitland Consultancy           Tel:- 0207 379 5151




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