FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	Man Group Plc
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:	Tesco plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:	15th November 2017
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?	YES / NO / N/A If YES, specify which: Booker Group plc

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(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:	26,922,109	0.3287	0	0
(2) Cash-settled derivatives:	35,425,793	0.4325	23,970,008	0.2926
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	25,484,000	0.3111	10,030,000	0.1225
TOTAL:	87,831,902	1.0723	34,000,008	0.4151

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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 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 security

Purchase/sale

Number of securities

Price per unit

(b)        Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit (GBP)
5p ordinary	CFD	Increasing a long position	5,200	1.84850
5p ordinary	CFD	Increasing a long position	59,302	1.84850
5p ordinary	CFD	Increasing a long position	596	1.84910
5p ordinary	CFD	Increasing a long position	336	1.84950
5p ordinary	CFD	Increasing a long position	26,927	1.84910
5p ordinary	CFD	Increasing a long position	36,745	1.84910
5p ordinary	CFD	Increasing a long position	314	1.84850
5p ordinary	CFD	Increasing a long position	5,216	1.84850
5p ordinary	CFD	Increasing a long position	7,410	1.84910
5p ordinary	CFD	Increasing a long position	701	1.84950
5p ordinary	CFD	Increasing a long position	3,279	1.85130
5p ordinary	CFD	Increasing a long position	34,823	1.88560
5p ordinary	CFD	Increasing a long position	41,276	1.87830
5p ordinary	CFD	Increasing a long position	42,309	1.86760
5p ordinary	CFD	Increasing a long position	45,277	1.85460
5p ordinary	CFD	Increasing a long position	61,035	1.85190
5p ordinary	CFD	Increasing a long position	49,057	1.85200
5p ordinary	CFD	Increasing a long position	3,888	1.84950
5p ordinary	CFD	Increasing a long position	16,394	1.84600
5p ordinary	CFD	Increasing a long position	8,863	1.84040
5p ordinary	CFD	Increasing a long position	83,735	1.84050
5p ordinary	CFD	Increasing a long position	171,159	1.85030
5p ordinary	CFD	Increasing a long position	15,721	1.84200
5p ordinary	CFD	Increasing a long position	78,044	1.84380
5p ordinary	CFD	Increasing a long position	131,294	1.85240
5p ordinary	CFD	Increasing a long position	131,295	1.85180
5p ordinary	CFD	Increasing a long position	2,205	1.84060
5p ordinary	CFD	Increasing a long position	9,560	1.84200
5p ordinary	CFD	Increasing a long position	842	1.84050
5p ordinary	CFD	Increasing a long position	16,167	1.84070
5p ordinary	CFD	Increasing a long position	17,847	1.84090
5p ordinary	CFD	Increasing a long position	11,175	1.84050
5p ordinary	CFD	Increasing a long position	41,086	1.84180
5p ordinary	CFD	Increasing a long position	202,377	1.84410
5p ordinary	CFD	Increasing a long position	92,621	1.83650
5p ordinary	CFD	Increasing a long position	227,857	1.85240
5p ordinary	CFD	Increasing a long position	227,856	1.85180
5p ordinary	CFD	Increasing a long position	3,828	1.84060
5p ordinary	CFD	Increasing a long position	16,590	1.84200
5p ordinary	CFD	Increasing a long position	1,462	1.84050
5p ordinary	CFD	Increasing a long position	28,056	1.84070
5p ordinary	CFD	Increasing a long position	30,972	1.84090
5p ordinary	CFD	Increasing a long position	19,394	1.84050
5p ordinary	CFD	Increasing a long position	71,304	1.84180
5p ordinary	CFD	Increasing a long position	351,216	1.84410
5p ordinary	CFD	Increasing a long position	160,741	1.83650
5p ordinary	CFD	Increasing a long position	27,209	1.84200
5p ordinary	CFD	Increasing a long position	135,070	1.84380
5p ordinary	CFD	Increasing a long position	294,996	1.85030
5p ordinary	CFD	Increasing a long position	3,389	1.84200
5p ordinary	CFD	Increasing a long position	16,828	1.84380
5p ordinary	CFD	Increasing a long position	11,973	1.85030
5p ordinary	CFD	Increasing a long position	19,974	1.83650
5p ordinary	CFD	Increasing a long position	28,311	1.85240
5p ordinary	CFD	Increasing a long position	28,311	1.85180
5p ordinary	CFD	Increasing a long position	475	1.84060
5p ordinary	CFD	Increasing a long position	2,061	1.84200
5p ordinary	CFD	Increasing a long position	181	1.84050
5p ordinary	CFD	Increasing a long position	3,486	1.84070
5p ordinary	CFD	Increasing a long position	3,848	1.84090
5p ordinary	CFD	Increasing a long position	2,409	1.84050
5p ordinary	CFD	Increasing a long position	8,860	1.84180
5p ordinary	CFD	Increasing a long position	43,642	1.84410
5p ordinary	CFD	Increasing a long position	10,736	1.84200
5p ordinary	CFD	Increasing a long position	53,304	1.84380
5p ordinary	CFD	Increasing a long position	4,910	1.84200
5p ordinary	CFD	Increasing a long position	24,378	1.84380
5p ordinary	CFD	Increasing a long position	41,020	1.85240
5p ordinary	CFD	Increasing a long position	41,020	1.85180
5p ordinary	CFD	Increasing a long position	688	1.84060
5p ordinary	CFD	Increasing a long position	2,986	1.84200
5p ordinary	CFD	Increasing a long position	262	1.84050
5p ordinary	CFD	Increasing a long position	5,050	1.84070
5p ordinary	CFD	Increasing a long position	5,576	1.84090
5p ordinary	CFD	Increasing a long position	3,491	1.84050
5p ordinary	CFD	Increasing a long position	12,837	1.84180
5p ordinary	CFD	Increasing a long position	63,232	1.84410
5p ordinary	CFD	Increasing a long position	28,941	1.83650
5p ordinary	CFD	Increasing a long position	53,130	1.85030
5p ordinary	CFD	Increasing a long position	18,432	1.85030
5p ordinary	CFD	Increasing a long position	1,451	1.84200
5p ordinary	CFD	Increasing a long position	7,205	1.84380
5p ordinary	CFD	Increasing a long position	11,269	1.85240
5p ordinary	CFD	Increasing a long position	11,269	1.85180
5p ordinary	CFD	Increasing a long position	189	1.84060
5p ordinary	CFD	Increasing a long position	820	1.84200
5p ordinary	CFD	Increasing a long position	72	1.84050
5p ordinary	CFD	Increasing a long position	1,387	1.84070
5p ordinary	CFD	Increasing a long position	1,531	1.84090
5p ordinary	CFD	Increasing a long position	959	1.84050
5p ordinary	CFD	Increasing a long position	3,527	1.84180
5p ordinary	CFD	Increasing a long position	17,372	1.84410
5p ordinary	CFD	Increasing a long position	7,952	1.83650
5p ordinary	CFD	Increasing a long position	45,745	1.85030
5p ordinary	CFD	Increasing a long position	4,223	1.84200
5p ordinary	CFD	Increasing a long position	20,969	1.84380
5p ordinary	CFD	Increasing a long position	35,724	1.85240
5p ordinary	CFD	Increasing a long position	35,724	1.85180
5p ordinary	CFD	Increasing a long position	599	1.84060
5p ordinary	CFD	Increasing a long position	2,601	1.84200
5p ordinary	CFD	Increasing a long position	228	1.84050
5p ordinary	CFD	Increasing a long position	4,398	1.84070
5p ordinary	CFD	Increasing a long position	4,856	1.84090
5p ordinary	CFD	Increasing a long position	3,040	1.84050
5p ordinary	CFD	Increasing a long position	11,180	1.84180
5p ordinary	CFD	Increasing a long position	55,069	1.84410
5p ordinary	CFD	Increasing a long position	25,205	1.83650
5p ordinary	CFD	Increasing a long position	18,191	1.85030
5p ordinary	CFD	Opening a short position	10,300	1.84930
5p ordinary	CFD	Increasing a long position	23,700	1.85280
5p ordinary	CFD	Increasing a long position	11,600	1.85280
5p ordinary	CFD	Opening a short position	5,900	1.84930
5p ordinary	CFD	Increasing a long position	7,800	1.85280
5p ordinary	CFD	Increasing a long position	35,100	1.85280

(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 person 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 person 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?

YES/NO

Date of disclosure:	16th November 2017
Contact name:	Matthew Irwin
Telephone number:	02071447255

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  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 at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.         KEY INFORMATION

Full name of person making disclosure:	Man Group Plc
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	Tesco plc

2.         STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
5p ordinary	Call Option	Purchased	347	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	1,654	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	806	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	402	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	689	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	1,290	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	2,215	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	2,237	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	3,847	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	278	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	476	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	371	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	600	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	115	1.95	American	19/01/2018
5p ordinary	Call Option	Purchased	197	1.95	American	19/01/2018
5p ordinary	Put Option	Purchased	2,747	1.7	American	17/11/2017
5p ordinary	Put Option	Purchased	4,769	1.7	American	17/11/2017
5p ordinary	Put Option	Purchased	592	1.7	American	17/11/2017
5p ordinary	Put Option	Purchased	858	1.7	American	17/11/2017
5p ordinary	Put Option	Purchased	247	1.7	American	17/11/2017
5p ordinary	Put Option	Purchased	747	1.7	American	17/11/2017
5p ordinary	Put Option	Written	2,767	1.8	American	17/11/2017
5p ordinary	Put Option	Written	4,804	1.8	American	17/11/2017
5p ordinary	Put Option	Written	596	1.8	American	17/11/2017
5p ordinary	Put Option	Written	863	1.8	American	17/11/2017
5p ordinary	Put Option	Written	248	1.8	American	17/11/2017
5p ordinary	Put Option	Written	752	1.8	American	17/11/2017

3.         AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

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

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 at www.thetakeoverpanel.org.uk.