Director Shareholding

Tesco PLC
03 February 2003


Tesco PLC ('the Company')


DIRECTORS SHAREHOLDING

The Company was informed that the following Directors have today exercised
options over Ordinary shares of 5p each in the Company under the Tesco
Savings-Related Share Option Scheme (1981) at an option price of 121.66p per
share:

Director                                         No. of Shares

P A Clarke                                       3,969
J Gildersleeve                                   8,505
T J R Mason                                      6,804
D E Reid                                         5,670



Enquiries:

J A Bailey Esq
Deputy Secretary
Tesco PLC
Tel:[phone]



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