Rule 8 - TESCO

Form 8.1/8.3

Lodge with a RIS or Newstrack, if appropriate, and the Takeover Panel.
Use separate form for each class of securities in which dealings have
been made.

Date of Disclosure 12 March 2003

DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 OF THE CITY CODE ON
TAKEOVERS AND MERGER

Date of Dealing 11 March 2003

Dealing in TESCO

(1)Class of security (eg ordinary shares) ORD GBP0.05

(2)Amount bought   Amount sold   Price per unit
              119            0           1.6365
              119            0           1.6165
              137            0           1.6335
              173            0           1.6265
              176            0           1.6265
              196            0           1.6321
              221            0           1.6271
              235            0           1.6320
              240            0           1.6290
              263            0           1.6315
              286            0           1.6235
              289            0           1.6235
              306            0           1.6215
              349            0           1.6315
              360            0           1.6265
              369            0           1.6315
              402            0           1.6385
              407            0           1.6240
              413            0           1.6365
              420            0           1.6285
              422            0           1.6265
              430            0           1.6271
              431            0           1.6215
              432            0           1.6290
              442            0           1.6215
              487            0           1.6415
              496            0           1.6190
              522            0           1.6385
              536            0           1.6215
              578            0           1.6290
              580            0           1.6365
              580            0           1.6165
              724            0           1.6165
              756            0           1.6371
              957            0           1.6140
            1,674            0           1.6240
           21,785            0           1.6500
                0          219           1.6281
                0          282           1.6281
                0          441           1.6254
                0          474           1.6230
                0          558           1.6256
                0          723           1.6356
                0          766           1.6256
                0          776           1.6329
                0          777           1.6256
                0          915           1.6306
                0        1,185           1.6180
                0        1,246           1.6180
                0        1,445           1.6211
                0        1,516           1.6381
                0        1,522           1.6281
                0        1,544           1.6331
                0        1,560           1.6161
                0        1,620           1.6300
                0        1,636           1.6331
                0        1,746           1.6181
                0        2,072           1.6156
                0        2,347           1.6231
                0        2,700           1.6180
                0        2,943           1.6206
                0        3,370           1.6106
                0        3,548           1.6281


(3)Resultant total of the same class owned or controlled
328,123,860

(and percentage of class)
(4.51 % )


(4) Party making disclosure Barclays PLC

(5) EITHER  (a) Name of purchaser/vendor (Note 1)
            (b) If dealing for discretionary client(s), name of fund
            management organisation
            
            Barclays PLC


(6) Reason for disclosure (Note 2)
(a) associate of  (i) offeror (Note 3)   NO
                  (ii) offeree           NO


Specify which category or categories of associate (1-8 overleaf)

(b) Rule 8.3 (i.e disclosure because of ownership or control of 1% or
more of the class of relevant securities dealt in)
YES

Signed, for and on behalf of the party named in (4) above

..................................................................

(Also print name of signatory)
Geoff Smith
Telephone and extension number
0207 699 2305