Trading Statement

Tesco PLC 25 November 2003 25 November 2003 TESCO PLC QUARTER 3 TRADING STATEMENT GROUP SALES GROW BY 17.5% GROUP SALES Group sales for the fourteen weeks ending 15 November 2003 increased by 17.5%. This growth was driven by all four parts of our strategy: • winning in the core UK through the best all round shopping experience; • growing non food market share; • being innovative in retailing services; and • growing our international business at a rate ahead of our major competitors. UK BUSINESS CONTINUES TO OUTPERFORM Total UK sales for the fourteen weeks ending 15 November were up 14.6% including 4.3% from T&S Stores. Like for like sales were up 6.9%, driven by strong volumes of 6.6%. We continue to see some petrol inflation. Non food goes from strength to strength. Our clothing offer continues to grow at more than six times the market rate, with sales up 34% in the quarter. STRONG INTERNATIONAL PERFORMANCE International sales were up 31% in the third quarter. All countries have contributed to this growth despite some tough trading conditions. We will have 189 hypermarkets operating overseas by the year end. - ends - Enquiries:- Steve N Butler Tesco Investor Relations Tel:- 01992 644 800 John Church Tesco Press Office Tel:- 01992 646 606 Angus Maitland Maitland Consultancy Tel:- 020 7379 5151 This information is provided by RNS The company news service from the London Stock Exchange

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