LONDON--(BUSINESS WIRE)--

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ('RI') STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the 'Code')

1. KEY INFORMATION

(a) Name of exempt principal trader: BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose TESCO PLC
relevant securities this form relates:
(c) Name of the party to the offer with which exempt TESCO PLC
principal trader is connected
(d) Date position held/dealing undertaken: 16 February 2018
(e) In addition to the company in 1(b) above, is the exempt principal YES:
trader making disclosures in respect of any other party to the offer? BOOKER GROUP PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security: 5p ordinary
Interests Short Positions
Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 39,209,880 0.48% 39,697,751 0.49%
(2) Cash-settled derivatives:
13,679,895 0.17% 18,871,828 0.23%
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
TOTAL: 52,889,775 0.65% 58,569,579 0.72%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant Purchase/sale Total number of Highest price per unit Lowest price per unit
security securities paid/received paid/received
5p ordinary Purchase 5,997,835 2.0485 GBP 2.0392 GBP
5p ordinary Sale 4,262,259 2.0495 GBP 2.039 GBP
ADR Sale

1,489,339

8.6188 USD 8.5900 USD
ADR Purchase 993,339 8.6188 USD 8.5900 USD

(b) Cash-settled derivative transactions

Class of Product Nature of dealing Number of Price per
relevant description reference unit
security securities
5p ordinary SWAP Long 9 2.0433 GBP
5p ordinary CFD Long 461 2.0390 GBP
5p ordinary CFD Long 1,215 2.0492 GBP
5p ordinary CFD Long 1,519 2.0405 GBP
5p ordinary SWAP Long 5,261 2.0453 GBP
5p ordinary SWAP Long 10,820 2.0430 GBP
5p ordinary SWAP Long 13,515 2.0447 GBP
5p ordinary SWAP Expires 20/02/2019 Long 23,221 2.0429 GBP
5p ordinary CFD Long 24,635 2.0456 GBP
5p ordinary CFD Long 25,824 2.0440 GBP
5p ordinary SWAP Long 70,351 2.0450 GBP
5p ordinary CFD Long 87,174 2.0428 GBP
5p ordinary CFD Long 272,776 2.0458 GBP
5p ordinary SWAP Long 445,072 2.0460 GBP
5p ordinary CFD Short 26 2.0430 GBP
5p ordinary SWAP Short 100 2.0462 GBP
5p ordinary SWAP Short 200 2.0437 GBP
5p ordinary CFD Short 362 2.0444 GBP
5p ordinary SWAP Short 382 2.0467 GBP
5p ordinary SWAP Short 1,823 2.0465 GBP
5p ordinary SWAP Short 2,082 2.0392 GBP
5p ordinary CFD Short 2,465 2.0382 GBP
5p ordinary SWAP Short 11,778 2.0447 GBP
5p ordinary SWAP Short 16,214 2.0470 GBP
5p ordinary SWAP Short 25,262 2.0436 GBP
5p ordinary CFD Short 26,981 2.0409 GBP
5p ordinary SWAP Short 31,524 2.0452 GBP
5p ordinary SWAP Short 53,710 2.0466 GBP
5p ordinary CFD Short 78,070 2.0461 GBP
5p ordinary CFD Short 96,204 2.0450 GBP
5p ordinary SWAP Short 125,273 2.0453 GBP
5p ordinary CFD Short 143,006 2.0401 GBP
5p ordinary SWAP Short 324,920 2.0400 GBP
5p ordinary CFD Short 349,466 2.0439 GBP
5p ordinary CFD Short 391,583 2.0464 GBP
5p ordinary SWAP Short 391,583 2.0464 GBP
5p ordinary SWAP Short 427,749 2.0402 GBP
5p ordinary SWAP Short 431,071 2.0451 GBP
5p ordinary SWAP Short 485,078 2.0445 GBP

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type

e.g. American, European etc.

 Expiry date Option money paid/ received per unit

(ii) Exercise

Class of relevant security Product description

e.g. call option

 Exercising/ exercised against Number of securities Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security Nature of dealing

e.g. subscription, conversion

 Details Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none'

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state 'none'

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached? NO
Date of disclosure: 19 Feb 2018
Contact name: Elise Tang
Telephone number: 0207 1163 001

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website atwww.thetakeoverpanel.org.uk.

View source version on businesswire.com:http://www.businesswire.com/news/home/20180219005241/en/

BARCLAYS PLC

Source: BARCLAYS PLC

Tesco plc published this content on 19 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 February 2018 11:55:00 UTC.

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