News release…
Wednesday 1^st October 2014

REGULATORY UPDATE

The Financial Conduct Authority (FCA) has notified Tesco that it has commenced a full investigation following the overstatement of expected profit for the half year which was described in our announcement of 22 September 2014 and which is currently the subject of an independent review by Deloitte.

Tesco will continue to co-operate fully with the FCA and other relevant authorities considering this matter.

Contacts:

Investors:        Chris Griffith   01992 644 800

Media:             Tom Hoskin     01992 644 645

                        Brunswick        0207 404 5959