Tesco Bank agrees settlement with FCA

1 October 2018

Tesco Corporate Treasury Services PLC

TESCO BANK AGREES SETTLEMENT WITH FINANCIAL CONDUCT AUTHORITY

Tesco Corporate Treasury Services PLC (TCTS) hereby notes the announcement made by its parent company, Tesco PLC, in respect of a settlement agreed with the Financial Conduct Authority in connection with the conclusion of an investigation into Tesco Bank relating to a fraud attack that it was subject to in November 2016 (the Announcement).

TCTS has made this announcement to ensure that holders of its listed securities are fully appraised of Tesco PLC's announcements.

A copy of the Announcement is available at:

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/TSCO/13810760.html

To view the Announcement in full, please paste the relevant URL into the address of your browser.

Enquiries:

Tesco Corporate Treasury Services PLC

Tesco House

Shire Park

Kestrel Way

Welwyn Garden City

Hertfordshire

AL7 1GA

LEI Number: 21380018AJDKNF3A6712