Further re C-Two Network

Tesco PLC
11 July 2003

11 July 2003


   TESCO RECIEVES 94.54% OF SHARES IN TENDER OFFER FOR C-TWO NETWORK IN JAPAN

Further to the announcement made on July 10, 2003 regarding the successful
conclusion of its tender offer for C Two-Network Co. Ltd. (C Two-Network), Tesco
PLC (Tesco) today announced that it has obtained a 94.54% shareholding in the
Japanese food retailer, exceeding its 66.7% acceptance condition. At the close
of the tender offer on July 10, 2003, Tesco had received tenders for 9,132,300
shares.

As Tesco's shareholding in C Two-Network will exceed 80%, it is expected that,
in accordance with stock exchange rules, C Two-Network will be delisted from the
Tokyo Stock Exchange. It is Tesco's ultimate intention to acquire 100% of the
issued shares of C Two-Network and the timing of delisting may be accelerated by
implementing a statutory stock transfer (kabushiki iten) or other corporate
reorganisation. Remaining shareholders may continue to trade their shares on the
stock exchanges until delisting.

Settlement of shares tendered is to commence on July 17, 2003. Shareholders who
tendered shares should address inquiries to the agents for the tender offer,
Daiwa Securities SMBC, Tokyo branch.

                                     -ends-

Contacts

Press:       Lucy Neville-Rolfe, Tesco PLC          [phone]

             Angus Maitland, Maitland Consultancy   [phone]

Analysts:    Steve Butler, Tesco PLC                [phone]






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