Trading Statement

Tesco PLC
27 November 2001


27 November 2001


                                  TESCO PLC

                       THIRD QUARTER TRADING STATEMENT

               'UK LIKE FOR LIKE VOLUMES REMAIN STRONG AT 7.4%'



STRONG GROUP SALES GROWTH


Group sales for the fourteen weeks ending 17th November 2001 increased by
12.2%. This growth is driven by all four elements of our strategy: a continued
strong core UK performance, the increasing importance of non-food, our rapidly
growing international business and our developments in Retailing Services.


UK CONTINUES TO OUTPERFORM


Total UK sales for the fourteen weeks since the half year are up 9.2%. Like
for like sales were 6.4% including strong volumes of 7.4% reflecting our
determination to deliver the best value for customers. Following our
successful price cuts we have seen deflation of 1.0% in the third quarter.


STRONG INTERNATIONAL GROWTH


Total international sales are on track up 34% as our strategy for growth
continues to accelerate. We will open our 100th international hypermarket on
4th December 2001 and add 3.2m sq ft of new trading space this year, an
additional 30%, keeping us on schedule to have more space overseas than in the
UK by the end of 2003.


                                   - ends -


Enquiries:-

Steve Butler - Tesco Investor Relations              Tel:- 01992 644 800
Angus Maitland - Maitland Consultancy                Tel:- 020 7379 5151
Chris Leake - Tesco Press Office                     Tel:- 01992 646869