Regulatory Update

News release…Wednesday 29th October 2014

REGULATORY UPDATE

Tesco confirms that it has been notified by the Serious Fraud Office (SFO) that it has commenced an investigation into accounting practices at the company. Tesco has been cooperating fully with the SFO and will continue to do so. Tesco has been notified by the Financial Conduct Authority that, in light of the SFO investigation, its investigation will be discontinued.

Contacts:

Investors: Tesco Investor Relations 01992 644 800

Media: Tesco Media Relations 01992 644 645

Brunswick 0207 404 5959