Trading Statement

Tesco PLC
14 June 2002

                                   TESCO PLC

                          QUARTER 1 TRADING STATEMENT

                            GROUP SALES GROW BY 11%




STRONG GROUP SALES GROWTH


Group sales for the twelve weeks ending 18th May increased by 11%. This growth
was driven by all four parts of our strategy: a continued strong core UK
performance, increasing non-food sales, strong performance across our
international business and the success of retailing services.




UK CONTINUES TO OUTPERFORM


Total UK sales for the twelve weeks ending 18th May were up 7.4%. Like for like
sales were 4.5% in line with our plan. It was driven by strong volumes of 5.8%
following strong volume growth last year. We have continued to see deflation in
the core business reflecting our determination to deliver the best value for our
customers.




STRONG INTERNATIONAL PERFORMANCE


International sales were up 32% in the first quarter in line with our plans. All
countries have contributed to this growth and we opened our first store in
Malaysia. This year we are planning to open over 3.5m sq.ft. an additional 26%
of new international trading space, keeping us on schedule to have as much space
overseas as in the UK by the end of 2003.




                                    - ends -




Enquiries:-


Lucy Cross - Tesco Investor Relations          Tel:- 01992 644 800


Angus Maitland - Maitland Consultancy          Tel:- 0207 379 5151


Tesco Press Office                             Tel:- 01992 646 869






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