Tesco PLC Directorate Change (0840U)

TIDMTSCO

RNS Number : 0840U

Tesco PLC

10 July 2018

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

10 July 2018

Tesco PLC ('Tesco')

TESCO ANNOUNCES BOARD AND EXECUTIVE CHANGES

The Board of Tesco would like to announce the following changes to the Board and Executive Committee:

Following an operation to remove his tonsils in April of this year, Charles Wilson was diagnosed with throat cancer. During May and June he has been undergoing daily radiotherapy. The good news is that Charles has responded very well to the treatment and all the signs are that the treatment has been successful.

However, given the nature of the illness and the need for Charles to remain vigilant in his recuperation, we have agreed to make the following changes to responsibilities within the senior leadership team.

Charles will step down as CEO Tesco UK & ROI and from the PLC Board, but remain on the Tesco Executive Committee. He will focus on leading the Booker business, continuing to deliver the cost synergies and driving the growth agenda set out in the merger agreement. As a member of the Executive Committee he will contribute to the broader Tesco UK Strategy. He will continue to report to Dave Lewis.

Jason Tarry, currently Group Chief Product Officer, will become the CEO of the UK & ROI business and Andrew Yaxley, currently CEO Ireland, will be promoted to Group Chief Product Officer and join the Tesco Executive Committee. Both Jason and Andrew will report to Dave Lewis.

All changes to responsibilities will be effective from 16 July.

Contacts:

   Investor Relations:                Chris Griffith                         +44 (0)1707 912 900 
   Media:                                   Jane Lawrie                           +44 (0)1707 918 701

Tesco PLC

Tesco House

Shire Park

Kestrel Way

Welwyn Garden City

Hertfordshire

AL7 1GA

LEI Number: 2138002P5RNKC5W2JZ46

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END

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July 10, 2018 02:00 ET (06:00 GMT)

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