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 January 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: 39,120,445 0.48% 49,270,327 0.60%
(2) Cash-settled derivatives:
20,853,574 0.25% 14,425,068 0.18%
(3) Stock-settled derivatives (including options)
and agreements to purchase/sell: 0 0.00% 0 0.00%
TOTAL: 59,974,019 0.73% 63,695,395 0.78%

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 3,006,539 2.1180 GBP 2.0771 GBP
5p ordinary Sale 5,598,899 2.1133 GBP 2.0777 GBP
ADR Purchase 14,030 8.7043 USD 8.7043 USD
ADR Sale 14,030 8.7043 USD 8.7043 USD

(b) Cash-settled derivative transactions

Class of Product Nature of dealing Number of Price per
relevant description reference unit
security securities
5p ordinary CFD Long 2,206 2.0777 GBP
5p ordinary SWAP Long 2,534 2.1062 GBP
5p ordinary SWAP Long 11,392 2.0982 GBP
5p ordinary SWAP Long 14,308 2.0971 GBP
5p ordinary CFD Long 14,939 2.1055 GBP
5p ordinary CFD Long 23,157 2.1128 GBP
5p ordinary CFD Long 47,197 2.1029 GBP
5p ordinary CFD Long 47,998 2.1157 GBP
5p ordinary SWAP Long 71,540 2.1025 GBP
5p ordinary SWAP Long 81,414 2.1149 GBP
5p ordinary SWAP Long 317,270 2.1180 GBP
5p ordinary SWAP Long 369,510 2.1155 GBP
5p ordinary CFD Long 496,517 2.1091 GBP
5p ordinary SWAP Long 2,023,670 2.1115 GBP
5p ordinary CFD Short 77 2.1131 GBP
5p ordinary SWAP Short 164 2.0970 GBP
5p ordinary SWAP Short 557 2.0852 GBP
5p ordinary CFD Short 606 2.1019 GBP
5p ordinary CFD Short 837 2.1045 GBP
5p ordinary SWAP Short 1,157 2.0904 GBP
5p ordinary SWAP Short 1,586 2.0850 GBP
5p ordinary SWAP Short 1,611 2.1070 GBP
5p ordinary CFD Short 1,846 2.1082 GBP
5p ordinary SWAP Short 3,979 2.0812 GBP
5p ordinary SWAP Short 6,000 2.1182 GBP
5p ordinary SWAP Short 8,539 2.0910 GBP
5p ordinary SWAP Short 10,001 2.1032 GBP
5p ordinary SWAP Short 14,500 2.1094 GBP
5p ordinary SWAP Short 14,940 2.1180 GBP
5p ordinary SWAP Short 15,870 2.0898 GBP
5p ordinary CFD Short 15,980 2.1164 GBP
5p ordinary CFD Short 20,778 2.1151 GBP
5p ordinary CFD Short 25,751 2.1132 GBP
5p ordinary CFD Short 30,534 2.1115 GBP
5p ordinary CFD Short 36,170 2.1044 GBP
5p ordinary SWAP Short 43,631 2.0867 GBP
5p ordinary SWAP Short 49,034 2.1069 GBP
5p ordinary CFD Short 90,010 2.1178 GBP
5p ordinary SWAP Short 121,938 2.1004 GBP
5p ordinary SWAP Short 158,635 2.0771 GBP
5p ordinary CFD Short 267,399 2.1049 GBP
5p ordinary SWAP Short 267,399 2.1049 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: 17 Jan 2018
Contact name: Jay Supaya
Telephone number: 020 7773 0635

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/20180117005639/en/

BARCLAYS PLC

Source: BARCLAYS PLC

Tesco plc published this content on 17 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2018 11:14:02 UTC.

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