Statement on CC Remedies Statement

Tesco PLC
22 February 2000


                                       
                                   TESCO PLC
                                       
            Statement on Competition Commission Remedies Statement


Commenting on today's publication of the Competition Commission Remedies
Statement, Terry Leahy, Tesco Chief Executive said:

'The Commission has already recognised that supermarket profits are not
excessive, that prices have fallen in real terms, that customers are generally
very well satisfied and the market is dynamic.'

'In view of this, it's not surprising that the remedies discussed are
'entirely hypothetical' as the Commission itself emphasises.'

'The reality of the market place is of fierce competition which benefits
customers.  85% of the population are less than 15 minutes drive from at least
three competing supermarkets and 70% from six competing supermarkets.  There's
nothing hypothetical about that.'

'We will co-operate fully with the Commission to help bring their enquiry to a
speedy conclusion.'

                                 
For further information contact:

David Sawday        01992 644739
Alan McLaughlin     01992 646763