Closure of Tesco Bank 5% Retail Bond 2020

The information contained herein may only be released, published or distributed in the United Kingdom, Jersey, Guernsey and the Isle of Man in accordance with applicable regulatory requirements. The information is not for release, publication or distribution in or into the Republic of Ireland, United States, Australia, Canada, Japan, South Africa, or in any other jurisdiction where it is unlawful to distribute this document. The Bonds may only be sold in Jersey in compliance with the provisions of the Control of Borrowing (Jersey) Order 1958.

Tesco Personal Finance plc announces the offer period of its Tesco Bank 5% Retail Bond 2020 (ISIN: XS0780063235), which was opened on 2 May 2012, will close early at 1100 on Monday 14 May 2012 due to level of demand since opening. Allocations will be confirmed by the joint bookrunners (Barclays Bank and Investec Bank) as soon as possible after the close of the offer period.