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Tuesday 25 November, 2003

Tesco PLC

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




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