Introducing

TESCO SHARE ACCOUNTThe easy and modern way to hold your Tesco shares.

WELCOME

I would like to invite you to join Tesco Share Account. As a valued colleague, Tesco Share Account provides you with a secure, modern and easy way to hold your Tesco shares.

What is Tesco Share Account?We are pleased to offer Tesco shareholders a new service to help you hold and manage your Tesco shares in a safe and simple way.

By transferring your Tesco shares into Tesco Share Account, you can enjoy the convenience and reassurance of holding shares electronically, avoiding the need to hold paper share certificates which can be lost or stolen and expensive to replace.

Tesco Share Account also offers shareholders access to preferential dealing rates and up-to-date market information through the Equiniti Shareview Dealing service. You can track your shares online and you will also receive an annual statement detailing your shareholding and trading activity.

How does it work?Tesco Share Account is a sponsored nominee service operated for Tesco by Equiniti Financial Services Limited (“Equiniti”), which is authorised and regulated by the Financial Conduct Authority. When you join Tesco Share Account, your shares are registered in the name of Equiniti Corporate Nominees Limited and held on your behalf on a private register. You remain the beneficial owner of your shares and continue to have the right to receive shareholder communications, vote at general meetings and to receive any dividends paid on your shares.

What does it cost to participate? It is completely free to participate in Tesco Share Account and there are no annual fees to pay. You can also leave at any time, subject to a £10 administration charge.

How do I participate? In order to participate in Tesco Share Account, you simply need to transfer your existing Tesco ordinary shares into the facility. If you would like to join, please complete the enclosed application form and return it to Equiniti with your existing Tesco share certificates in the reply-paid envelope provided.

If you have any questions about Tesco Share Account, please contact Equiniti’s UK helpline on 0371 384 2977* or +44 121 415 7053** from outside the UK.

Yours faithfully,

Paul Moore Company Secretary

* Calls from the UK to 03 numbers cost no more than a national rate call to a 01 or 02 number. Lines are open 8:30am to 5:30pm UK time, Monday to Friday, excluding public holidays in England and Wales.

** Call costs may vary. Please check with your service provider. Equiniti may record calls to both numbers in order to monitor the quality of its service and for security purposes.

Tesco PLC is registered in England & Wales under No. 445790. Registered Office: Tesco House, Delamare Road, Cheshunt, Hertfordshire, EN8 9SL.

Equiniti Financial Services Limited is registered in England & Wales under No. 6208699 and is authorised and regulated by the Financial Conduct Authority No. 468631. Registered Office: Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, United Kingdom.

NO CERTIFICATES TO LOSE

In Tesco Share Account your shares are held electronically, like money in a bank account. This means there will be no risk of loss or theft of certificates, which can be expensive to replace.

SHAREHOLDER RIGHTS

You will continue to have the right to vote at general meetings and you will remain the beneficial holder of your shares with the right to receive any dividends paid on them.

TRACK YOUR SHARES ONLINE AND RECEIVE AN ANNUAL STATEMENT

Once you join, you will be able to manage your shares online at www.shareview.co.uk/Tesco with free access to up-to-date market information at a click. We will also send you an annual statement providing an ‘at a glance’ review of your investment activity for the year.

PRIVATE REGISTER KEEPING YOUR INFORMATION SAFE

Tesco Share Account is a separate private register, which means that your information is not available for public inspection, as is the case when shares are held in your name on the Tesco ordinary share register.

PREFERENTIAL DEALING FACILITY

You will have access to facilities to buy or sell shares at preferential dealing rates* from Equiniti with quicker settlement periods.*

OPPORTUNITY TO GO GREEN

You can elect to receive all standard shareholder communications by email rather than by hard copy to help reduce our impact on the environment.(+)

DIVIDENDS PAID ELECTONICALLY

Any future dividends will be paid directly into your bank account, which means there are no cheques to lose(+). Alternatively, you can use any cash dividends to buy additional Tesco shares through the Tesco Dividend Reinvestment Plan.

HOLDING YOUR TESCO SHARES COULDN’T BE EASIER WITH TESCO SHARE ACCOUNT

You should find the answer to any queries you have, as well as the full terms and conditions, online at www.shareview.co.uk/Tesco. However, if you would like to speak to someone then you can call Equiniti’s UK helpline on 0371 384 2977 or +44 121 415 7053 from outside the UK. Calls from the UK to 03 numbers cost no more than a national rate call to a 01 or 02 number.

Lines are open 8:30am to 5:30pm UK time Monday to Friday excluding public holidays in England and Wales. Alternatively, you can write to us at Equiniti, Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA, UK.

* When compared to dealing rates and settlement periods for certificated transactions.

(+) You can opt to receive hard copy documents at any time by contacting Equiniti.

Step 1Complete the enclosed application form.

(A copy of the full terms and conditions can be found at www.shareview.co.uk/Tesco)

Step 2Return it in the reply-paid envelope

with your relevant Tesco share certificate(s).

JOIN NOW

1. I already have Tesco share certificates. How do I transfer these shares into Tesco Share Account?

If you hold Tesco ordinary shares in your name and you are resident in the UK or European Economic Area (EEA), you can arrange to transfer these shares into Tesco Share Account by completing the enclosed application form and returning it with your existing Tesco share certificates. Please note that shares held through Tesco share plans such as ‘Shares in Success’ and ‘Buy As You Earn’ schemes will continue to be held separately under the terms of those plans.

2. Who will be the registered holder of my shares?

Your shares will be held on your behalf in the name of Equiniti Corporate Nominees Limited, on a separate register which is not open to public inspection. You will continue to be the beneficial owner of your shares.

3. Will my shares be safe?

Holding shares electronically eliminates the risk of share certificates being lost or stolen. Equiniti Financial Services Limited is regulated and authorised by the Financial Conduct Authority and has substantial experience of operating nominee facilities for many listed companies.

4. Will I still be able to vote at general meetings and receive shareholder documents and dividends?

Yes. You will still be able to attend and vote, or appoint a proxy to vote, at general meetings. You can receive the same communications as other shareholders and you will continue to have the same dividend entitlements.

5. How will I know how many shares I have in Tesco Share Account?

You will receive a statement as soon as you join Tesco Share Account and then at least once every 12 months.

If you have an existing login for the Tesco Employee Share Plans Portal at www.shareview.co.uk/Tesco, you can check your details at any time. If you do not already have a login you can obtain one by clicking the ‘Register’ link. You will need to have your employee and shareholding information to hand.

6. How do I buy or sell shares through Tesco Share Account?

Tesco has made arrangements to allow participants to buy or sell Tesco shares through Equiniti Financial Services Limited at preferential rates to those it provides for certificated transactions. Further details can be found at www.shareview.co.uk

7. Can I use another share dealing service provider if I don’t want to use Equiniti?

To sell shares through an alternative share dealing provider, you will firstly need to transfer the shares out of Tesco Share Account to another nominee provider or arrange for a share certificate to be issued to you. Please note there may be a charge for this service.

8. Will I be able to leave Tesco Share Account?

Yes, you can leave at any time, subject to a £10 administration charge. You can arrange to transfer your Tesco shares out of Tesco Share Account to another nominee provider or arrange for a share certificate to be issued to you by completing a Transfer Form. Please contact Equiniti to obtain a form.

Frequently Asked QuestionsFREQUENTLY ASKED QUESTIONS

(See the Terms and Conditions at www.shareview.co.uk/Tesco where you can also find further information).