RNS Number:5701I
UBS Warburg(EMM)
11 March 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           11 March 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

Tesco Plc - Contract for Difference
                                     _______________________________________
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     11-Mar-03

                       ...............................................................
Date of dealing        10-Mar-03

                       ...............................................................
Name of EMM            UBS WARBURG ........................................................................
                       ...
Name of offeree / offeror with whom connected                   SAINSBURY (J) PLC.....................
Total Number of securities bought                    497,358

                                                     ........................
Highest p444,002rice paid*                           224.25 GBP

                                                     ........................
Lowest price paid*                                   220 GBP

                                                     ........................
Total number of securities sold                      954,665

                                                     ........................
Highest price received*                              224.50 GBP

                                                     ........................
Lowest price paid*                                   220 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     11-Mar-03

                       ...............................................................
Date of dealing        10-Mar-03

                       ...............................................................
Name of EMM            UBS WARBURG ........................................................................
                       ...
Name of offeree / offeror with whom connected                   SAINSBURY (J) PLC.....................
Total Number of securities bought                    1,101,960

                                                     ........................
Highest price paid*                                  285 GBP

                                                     ........................
Lowest price paid*                                   275.50 GBP

                                                     ........................
Total number of securities sold                      261,132

                                                     ........................
Highest price received*                              285 GBP

                                                     ........................
Lowest price paid*                                   276 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         11-Mar-03

                           ...............................................................
Date of dealing            10-Mar-03

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

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

                                                            ....................................
Total Number of securities bought           119,901

                                            ........................
Highest price paid*                         163.75 GBP

                                            ........................
Lowest price paid*                          160.50 GBP

                                            ........................
Total number of securities sold             1,140,971

                                            ........................
Highest price received*                     163.75 GBP

                                            ........................
Lowest price received*                      160 GBP







                                                                                                 FORM 38.5

                                     CONNECTED EXEMPT MARKET-MAKERS:

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


Dealing in                 AZLAN GROUP PLC                                  (name of company)

                           ...........................................
Class of Security          ORD GBP0.05

                           ...............................................................
Date of disclosure         11-Mar-03

                           ...............................................................
Date of dealing            10-Mar-03

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

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

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

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

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

                                            ........................
Total number of securities sold             8,733

                                            ........................
Highest price received*                     124 GBP

                                            ........................
Lowest price received*                      124 GBP






Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to...SAINSBURY(J) PLC,
ORD GBP0.25

Date of Disclosure:                    11 March 2003

Date of Dealing                         10 March 2003

Name of EMM/EPT...                    UBS WARBURG

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

Product Type.........(long/short) CFD          SHORT

Maturity Date                         10 Dec 2003

Writing of CFD

Number of (class of security) to which the CFD is referenced 125,000

CFD reference price: (High)......221.94 GBP............................(Low)...
...221.94 GBP...........................

Closing out of CFD

Number of (class of security) to which the CFD is referenced ..................
...............................

CFD reference price: (High)..................................(Low)............
..................... ...........




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.













Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to...SAINSBURY (J) PLC,
ORD GBP0.25

Date of Disclosure:                    11 March 2003

Date of Dealing                         10 March 2003

Name of EMM/EPT...                    UBS WARBURG

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

Product Type.........(long/short) CFD          LONG

Maturity Date                         10 Dec 2003

Writing of CFD

Number of (class of security) to which the CFD is referenced 583,000

CFD reference price: (High)......223.41 GBP............................(Low)...
...223.41 GBP...........................

Closing out of CFD

Number of (class of security) to which the CFD is referenced ..................
...............................

CFD reference price: (High)..................................(Low)............
..................... ...........




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.











Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to...SAFWAY PLC, ORD
GBP0.25

Date of Disclosure:                    11 March 2003

Date of Dealing                         10 March 2003

Name of EMM/EPT...                    UBS WARBURG

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

Product Type.........(long/short) CFD          SHORT

Maturity Date                         27 Nov 2003

Writing of CFD

Number of (class of security) to which the CFD is referenced

CFD reference price: (High)...... GBP............................(Low)...... GBP
...........................

Closing out of CFD

Number of (class of security) to which the CFD is referenced           671,542

CFD reference price: (High)     282.75 GBP                (Low)          282.75
GBP




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.











Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to...SAFEWAY PLC, ORD
GBP0.25

Date of Disclosure:                    11 March 2003

Date of Dealing                         10 March 2003

Name of EMM/EPT...                    UBS WARBURG

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

Product Type.........(long/short) CFD          LONG

Maturity Date                         10 Dec 2003

Writing of CFD

Number of (class of security) to which the CFD is referenced           1,031,542

CFD reference price: (High)......281.56 GBP............................(Low)...
...283.93 GBP...........................

Closing out of CFD

Number of (class of security) to which the CFD is referenced ..................
...............................

CFD reference price: (High)..................................(Low)............
..................... ...........




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.











Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to...TESCO PLC, ORD
GBP0.25

Date of Disclosure:                    11 March 2003

Date of Dealing                         10 March 2003

Name of EMM/EPT...                    UBS WARBURG

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

Product Type.........(long/short) CFD          SHORT

Maturity Date                         8 Oct 2003

Writing of CFD

Number of (class of security) to which the CFD is referenced

CFD reference price: (High)                    (Low)

Closing out of CFD

Number of (class of security) to which the CFD is referenced           1,927

CFD reference price: (High).......160.50 GBP...........................(Low)...
...160.50 GBP........................




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.











Rule 38.5 (CFD)


                CONNECTED EXEMPT MARKET-MAKERS/EXEMPT PRINCIPAL TRADERS:

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

Dealing in Contract for Differences ("CFD") referenced to...TESCO PLC, ORD
GBP0.05

Date of Disclosure:                    11 March 2003

Date of Dealing                         10 March 2003

Name of EMM/EPT...                    UBS WARBURG

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

Product Type.........(long/short) CFD          SHORT

Maturity Date                         10 Dec 2003

Writing of CFD

Number of (class of security) to which the CFD is referenced           778,073

CFD reference price: (High)......160.50 GBP............................(Low)...
...160.50 GBP...........................

Closing out of CFD

Number of (class of security) to which the CFD is referenced ..................
...............................

CFD reference price: (High)..................................(Low)............
..................... ...........




Further disclosure should be made where necessary so that the nature of the
dealings can be fully understood.


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