RNS Number:8687H
UBS Warburg(EMM)
24 February 2003


FORM 38.5 (SUMMARY)
Lodge with Company Announcements Office and the Panel. Use a separate form for each class of securities in which
dealings have been made.
                                         CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Name of EMM                  UBS WARBURG
                             ....................................................................................
Date of disclosure           24 February 2003
                             ....................................................................................
Contact Name                 Bianca Brown
                             ....................................................................................
Telephone number             020-7568 9658
                             ....................................................................................
Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
Safeway Plc

Safeway Plc - Contract for Difference

Sainsbury (J) Plc

Sainsbury (J) Plc - Contract for Difference

Tesco Plc
                                     _______________________________________
AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please state which element(s) of previous
disclosure was incorrect:

In the case of option business or dealings in derivatives full details should be given on a separate sheet so
that the nature of the dealings can be fully understood. For options this should include the number of securities
under option, the exercise period (or in the case of exercise, the exercise date), the exercise price and any
option money paid or received. For derivatives this should include, at least, the number of reference securities
to which they relate (when relevant), the maturity date (or if applicable the closing out date) and the reference
price.

For full details of disclosure requirements see Rules 8 and 38 of the Code. If in doubt contact the Monitoring
Section of the Panel, Tel No: 020-7638 0129.



                                                                                                  FORM 38.5

                                      CONNECTED EXEMPT MARKET-MAKERS:

                   DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in             SAINSBURY (J) PLC                                            (name of company)
Class of Security      ORD GBP 0.25.........................................................
Date of disclosure     24-Feb-03

                       ...............................................................
Date of dealing        21-Feb-03

                       ...............................................................
Name of EMM            UBS WARBURG ........................................................................
                       ...
Name of offeree / offeror with whom connected                   SAINSBURY (J) PLC.....................
Total Number of securities bought                    289,331

                                                     ........................
Highest p444,002rice paid*                           234.75 GBP

                                                     ........................
Lowest price paid*                                   230.75 GBP

                                                     ........................
Total number of securities sold                      382,135

                                                     ........................
Highest price received*                              234.75 GBP

                                                     ........................
Lowest price paid*                                   230.75 GBP













                                                                                                  FORM 38.5

                                      CONNECTED EXEMPT MARKET-MAKERS:

                   DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in             SAFEWAY PLC                                                  (name of company)
Class of Security      ORD GBP 0.25.........................................................
Date of disclosure     24-Feb-03

                       ...............................................................
Date of dealing        21-Feb-03

                       ...............................................................
Name of EMM            UBS WARBURG ........................................................................
                       ...
Name of offeree / offeror with whom connected                   SAINSBURY (J) PLC.....................
Total Number of securities bought                    219,734

                                                     ........................
Highest price paid*                                  310.25 GBP

                                                     ........................
Lowest price paid*                                   309 GBP

                                                     ........................
Total number of securities sold                      401,109

                                                     ........................
Highest price received*                              310.50 GBP

                                                     ........................
Lowest price paid*                                   309 GBP













                                                                                                 FORM 38.5

                                     CONNECTED EXEMPT MARKET-MAKERS:

                   DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in                 TESCO PLC                                        (name of company)

                           ...........................................
Class of Security          ORD GBP0.50

                           ...............................................................
Date of disclosure         24-Feb-03

                           ...............................................................
Date of dealing            21-Feb-03

                           ...............................................................
Name of EMM                UBS WARBURG

                           ...............................................................
Name of offeree / offeror with whom connected               SAINSBURY (J)

                                                            ....................................
Total Number of securities bought           706,253

                                            ........................
Highest price paid*                         169.25 GBP

                                            ........................
Lowest price paid*                          165.25 GBP

                                            ........................
Total number of securities sold             715,440

                                            ........................
Highest price received*                     169.25 GBP

                                            ........................
Lowest price received*                      165.50 GBP







                                                                                                 FORM 38.5

                                     CONNECTED EXEMPT MARKET-MAKERS:

                   DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS


Dealing in                 AZLAN PLC                                        (name of company)

                           ...........................................
Class of Security          ORD GBP0.505...............................................................
Date of disclosure         24-Feb-03

                           ...............................................................
Date of dealing            21-Feb-03

                           ...............................................................
Name of EMM                UBS WARBURG

                           ...............................................................
Name of offeree / offeror with whom connected               AZLAN

                                                            ....................................
Total Number of securities bought           12,000

                                            ........................
Highest price paid*                         122 GBP

                                            ........................
Lowest price paid*                          122 GBP

                                            ........................
Total number of securities sold             0

                                            ........................
Highest price received*                     0 GBP

                                            ........................
Lowest price received*                      0 GBP




                                                                                                               FORM 38.5

                                            CONNECTED EXEMPT MARKET-MAKERS:

                          DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in            SAINSBURY PLC ..........                                       (name of company)
Class of Security     CONTRACT FOR DIFFERENCE

                      ...........................................................................
Expiry                21-Nov-03

                      ...........................................................................
Client                SOLD TO OPEN

                      ...........................................................................
Date of disclosure    24-Feb-03

                      ...............................................................
Date of dealing       21-Feb-03

                      ...............................................................
Name of EMM           UBS WARBURG ...........................................................................
Name of offeree / offeror with whom connected                   SAINSBURY (J) PLC

                                                                ....................................
Total Number of securities bought                          564,434

                                                           ........................
Highest price paid*                                        233.02 GBP

                                                           ........................
Lowest price paid*                                         233.02 GBP

                                                           ........................
Total number of securities sold                            0

                                                           ........................
Highest price received*                                    0 GBP

                                                           ........................
Lowest price received*                                     0 GBP


                                                                                                               FORM 38.5

                                            CONNECTED EXEMPT MARKET-MAKERS:

                          DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in            SAFEWAY PLC ..........                                         (name of company)
Class of Security     CONTRACT FOR DIFFERENCE

                      ...........................................................................
Expiry                14-Nov-03

                      ...........................................................................
Client                SOLD TO CLOSE

                      ...........................................................................
Date of disclosure    24-Feb-03

                      ...............................................................
Date of dealing       21-Feb-03

                      ...............................................................
Name of EMM           UBS WARBURG ...........................................................................
Name of offeree / offeror with whom connected                   SAINSBURY (J) PLC

                                                                ....................................
Total Number of securities bought                          1,963,542

                                                           ........................
Highest price paid*                                        310 GBP

                                                           ........................
Lowest price paid*                                         310 GBP

                                                           ........................
Total number of securities sold                            0

                                                           ........................
Highest price received*                                    0 GBP

                                                           ........................
Lowest price received*                                     0 GBP






                                                                                                               FORM 38.5

                                            CONNECTED EXEMPT MARKET-MAKERS:

                          DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS
Dealing in            SAFEWAY PLC ..........                                         (name of company)
Class of Security     CONTRACT FOR DIFFERENCE

                      ...........................................................................
Expiry                21-Nov-03

                      ...........................................................................
Client                BOUGHT TO OPEN

                      ...........................................................................
Date of disclosure    24-Feb-03

                      ...............................................................
Date of dealing       21-Feb-03

                      ...............................................................
Name of EMM           UBS WARBURG ...........................................................................
Name of offeree / offeror with whom connected                   SAINSBURY (J) PLC

                                                                ....................................
Total Number of securities bought                          0

                                                           ........................
Highest price paid*                                        0 GBP

                                                           ........................
Lowest price paid*                                         0 GBP

                                                           ........................
Total number of securities sold                            1,963,542

                                                           ........................
Highest price received*                                    310 GBP

                                                           ........................
Lowest price received*                                     310 GBP






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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