Transaction in Own Shares

Tesco PLC
14 July 2006



14 July 2006


Tesco PLC


TRANSACTION IN OWN SHARES


Tesco PLC announces that it has commenced the share buy-back programme which was
proposed with the release of its Preliminary Results in April 2006. The
intention of this programme is to use at least £1.5bn of the planned £5bn of
proceeds from property sales over the next five years to enhance earnings per
share and improve returns for shareholders. Further purchases will be made from
time to time, subject to market conditions.


On 13 July Tesco PLC purchased 2 million Ordinary Shares of 5p each in Tesco PLC
from JPMorgan Cazenove Limited at an average price of 342.3238 pence per share.
These shares will be cancelled. These purchases were made pursuant to the
authority that was granted by shareholders at the Annual General Meeting on 7
July 2006.




Enquiries:       J Lloyd
                 Deputy Secretary
                 Tesco PLC
                 Delamare Road
                 Cheshunt
                 Hertfordshire
                 EN8 9SL
                 Tel: [phone]




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