Tesco Regulatory News (TSCO)

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%

OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1. KEY INFORMATION

(a) Full name of discloser:

Citadel Group

(b) Owner or controller of interests and short positions

disclosed, if different from 1(a):

The naming of nominee or vehicle companies is

insufficient. For a trust, the trustee(s), settlor and

beneficiaries must be named.

(c) Name of offeror/offeree in relation to whose relevant

securities this form relates:

Use a separate form for each offeror/offeree

TESCO PLC

(d) If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e) Date position held/dealing undertaken:

For an opening position disclosure, state the latest

practicable date prior to the disclosure

14 December, 2017

(f) In addition to the company in 1(c) above, is the

discloser making disclosures in respect of any other

party to the offer?

If it is a cash offer or possible cash offer, state "N/A"

BOOKER GROUP PLC

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:

Common Stock ISIN GB0008847096

Interests

Short Positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

191,440

0.00

0

0.00

(2) Cash-settled derivatives:

86,059,400

1.05

359,363

0.00

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

438,000

0.01

328,000

0.00

TOTAL:

86,688,840

1.06

687,363

0.01

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:

Details, including nature of the rights concerned and relevant percentages:

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

(b) Cash-settled derivative transactions

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

ISIN

GB0008847096

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

Common

Call Option

Purchasing

1,000

2.2 GBP

American

20/04/2018

0.06 GBP

Common

Call Option

Purchasing

17,000

1.95 GBP

American

19/01/2018

0.145 GBP

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

 Date of disclosure:

15 December, 2017

 Contact name:

Alasdair Putt

 Telephone number:

020 7645 9700

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Full name of person making disclosure:

Citadel Group

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

TESCO PLC

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security

ISINGB0008847096

Product description e.g. call option

Written or purchased

Number of securities to which option or derivative relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Common

Call Option

Purchased

2000

1.7 USD

American

15/12/2017

Common

Put Option

Written

45000

1.95 USD

American

15/12/2017

Common

Put Option

Written

1000

2.4 USD

American

15/12/2017

Common

Put Option

Purchased

-2000

1.8 USD

American

19/01/2018

Common

Call Option

Purchased

60000

1.9 USD

American

15/12/2017

Common

Call Option

Written

-73000

1.95 USD

American

15/12/2017

Common

Call Option

Purchased

25000

1.85 USD

American

15/12/2017

Common

Put Option

Purchased

-220000

2 USD

American

19/01/2018

Common

Call Option

Purchased

330000

2.2 USD

American

16/03/2018

Common

Put Option

Written

13000

2 USD

American

16/03/2018

Common

Call Option

Purchased

1000

2 USD

American

19/01/2018

Common

Put Option

Purchased

-30000

1.6 USD

American

15/12/2017

Common

Put Option

Written

10000

2.2 USD

American

15/12/2017

Common

Call Option

Purchased

10000

2 USD

American

16/03/2018

Common

Call Option

Purchased

5000

1.8 USD

American

15/12/2017

Common

Call Option

Purchased

1000

2.2 USD

American

20/04/2018

Common

Put Option

Purchased

-35000

1.6 USD

American

19/01/2018

Common

Call Option

Purchased

5000

2.1 USD

American

19/01/2018

Common

Call Option

Purchased

23000

1.9 USD

American

19/01/2018

Common

Call Option

Purchased

30000

2.05 USD

American

19/01/2018

Common

Call Option

Written

-32000

1.95 USD

American

19/01/2018

Common

Put Option

Purchased

-30000

1.7 USD

American

19/01/2018

Common

Call Option

Purchased

27000

2.1 USD

American

16/02/2018

Common

Put Option

Purchased

-6000

1.7 USD

American

16/03/2018

Common

Call Option

Purchased

4000

1.9 USD

American

16/03/2018

Common

Call Option

Purchased

20000

1.95 USD

American

16/03/2018

Common

Put Option

Purchased

-35000

1.5 USD

American

16/03/2018

Common

Put Option

Purchased

-1000

1.9 USD

American

18/05/2018

Common

Put Option

Purchased

-35000

1.65 USD

American

19/01/2018

Common

Put Option

Purchased

-5000

1.85 USD

American

21/09/2018

Common

Put Option

Written

2000

2.05 USD

American

16/02/2018

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.