Investors' information

Shareholder profile as at 22 February	Number of shareholders	Percentage of number of shareholders	Number of ordinary shares	Percentage of ordinary shares
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Analysis by type of shareholder
Employees	49,050	31.52	49,455,996	2.27
Other individuals	88,739	57.03	185,647,431	8.54
Corporate institutions	17,811	11.45	1,939,823,569	89.19
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	155,600	100.00	2,174,296,996	100.00
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Analysis by size of shareholding
1 - 1,000	97,912	62.93	23,736,778	1.09
1,001 - 10,000	51,675	33.21	146,284,443	6.73
10,001 - 100,000	4,691	3.01	122,202,308	5.62
100,001 - 1,000,000	1,010	0.65	337,610,864	15.52
Above 1,000,000	312	0.20	1,545,092,603	71.04
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	155,600	100.00	2,174,926,996	100.00
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Corporate institutions such as banks, insurance companies and pension funds represent many thousands of people through their accounts, policies and memberships and therefore the company works in the interests of a rich variety of investors.

Secretary and Registered Office
Rowley Ager, Tesco House, Delamare Road, Cheshunt, Hertfordshire EN8 9SL. Telephone 01992 632222.

Registrar
Administrative enquiries about the holding of Tesco shares (other than ADRs) should be directed in the first instance to the Registrar whose address is: Lloyds Bank Registrars, The Causeway, Worthing, West Sussex BN99 6DA. Telephone 01903 502541.

Amalgamation of accounts
Shareholders who receive duplicate sets of company mailings owing to multiple accounts in their name should write to Lloyds Bank Registrars to have their accounts amalgamated.

Low cost dealing
The company has arranged a low cost postal share dealing service through Lloyds Bank Registrars in conjunction with the company's brokers, UBS Limited. For details and a dealing form please telephone 01903 833398.

Unsolicited mail
The company is obliged by law to make its share register available to other organisations who may then use it for a mailing list. If you wish to limit the receipt of unsolicited mail you may do so by writing to: The Mailing Preference Service (MPS), Freepost 22, London W1E 7EZ. MPS will then notify the bodies which support its service that you do not wish to receive unsolicited mail.

Corporate personal equity plans (PEPs)
Both a General PEP and Single Company PEP have been available since 1992. They enable investors to receive dividends on the shares held in the plans free of income tax, to re-invest dividends in the plans to increase the shareholding, and to sell the shares in the plans without liability for capital gains tax. If you wish to receive a brochure explaining these schemes, please contact: The Plan Manager, Bradford and Bingley (PEPs) Limited, P.O. Box 50, Main Street, Bingley, West Yorkshire BD16 2LW. Telephone 01274 555677. Bradford and Bingley (PEPs) Limited is regulated by the Personal Investment Authority.

Tesco share price line
Up-to-the-minute share price and company information can be obtained by calling 0891 121200 (calls from within the UK cost 50p per minute).

Annual General Meeting
The Annual General Meeting will be held at the Royal Lancaster Hotel, Lancaster Terrace, London W2 2TY on Friday 6 June 1997 at 11.00 am. The full Notice of Meeting and proxy card accompany this report.

Financial diary	1997	1998
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Trading statement	20 January	Mid January
Year end	22 February	28 February
Results announced	8 April	Late April
Ex-dividend date for final dividend	14 April	Late April
Annual Report posted	6 May	May
AGM	6 June	June
Final dividend pay date	1 July	Early July
Half year end	9 August	8 August
Interim results announced	16 September	Late September
Ex-dividend date for interim dividend	22 September	Late September
Interim dividend pay date	1 December	Early December
Interest paid
10 3/8% Bonds (2002)	28 January	28 January
4% Deep discount loan stock (2006)	31 January	31 January
	31 July	31 July
8 3/4% Bonds (2003)	20 February	20 February

Scrip dividend
The company currently offers shareholders the option to receive ordinary shares in lieu of cash dividends. The necessary forms are enclosed with this report. Those shareholders who have already elected to take the scrip dividend alternative and wish to continue to do so need take no further action.

Capital gains tax
For the purpose of UK capital gains tax the market value of the company's ordinary shares on 31 March 1982 was 63p after adjustment for the rights issue in 1985, the capitalisation issue in 1987, and the rights issue in 1991.

CREST - share settlement system
The company entered the CREST system on 7 April 1997 and the ordinary shares are available for settlement in CREST.

As the membership system is voluntary, shareholders not wishing to participate can continue to hold their own share certificates.

US dealing facility
Tesco American Depositary Receipts (ADRs) are traded over the counter through the Pink Sheets and Electronic Bulletin Board.

One ADR represents one ordinary share in Tesco PLC. For enquiries on the ADR service please contact our representatives at the Bank of New York by dialling toll free 1(800) 524 4458 or writing to: ADR Division, The Bank of New York, 101 Barclay Street, 22nd Floor, NewYork, NY 10286.

A guide to Tesco PLC financial statements
The company has prepared a booklet to aid understanding of the financial statements included within the Tesco PLC Annual Report and Accounts. If you would like a free copy of this booklet please contact the Investor Relations Department at the address shown below.

Annual Report on Internet
The 1996 Tesco PLC Annual Report and the 1997 Tesco PLC Annual Review and Summary Financial Statement together with the Annual Accounts are available via the Internet at http://www.tesco.co.uk/

Investor relations
For investor enquiries please contact: Investor Relations Department, Tesco PLC, Tesco House, Delamare Road, Cheshunt, Hertfordshire EN8 9SL. Telephone number 01992 646484. Fax number 01992 644839.
Internet at investor_relations@tesco.e-mail.com.