Tesco PLC Statement Regarding Asia

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

8 December 2019

TESCO CORPORATE TREASURY SERVICES PLC

Tesco Corporate Treasury Services PLC (TCTS) hereby notes the announcement made by its parent company, Tesco PLC, in respect of a statement regarding the Asia businesses (the Announcement).

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

A copy of the Announcement is below and also available at https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/company-news.html?fourWayKey=GB0008847096GBGBXSET1. To view the Announcement in full, please paste the above URL into the address of your browser.

Statement Regarding Asia

Tesco PLC ("Tesco") confirms that, following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses.

The evaluation of strategic options is at an early stage, no decisions concerning the future of Tesco Thailand or Malaysia have been taken, and there can be no assurance that any transaction will be concluded. A further announcement will be made if and when appropriate.

Enquiries:

Investors: Chris Griffith +44 (0) 1707 912 900

Media: Simon Rew +44 (0) 1707 918 701

Philip Gawith (Teneo) +44 (0) 7887 954 048

LEI Number: 21380018AJDKNF3A6712