RNS Number:8148I
Merrill Lynch International
17 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                                               Merrill Lynch International
Date of disclosure                                        17 March 2003
Date of dealing                                           14 March 2003
Telephone number                                          020 7996 1038
Please see attached disclosure of dealings under Rule 38.5 in the securities of the following companies:
13 March 2003
Morrison (W.M) Supermarkets
Thistle Hotels Plc - Ordinary
Sainsbury (J) Plc - Common
Tesco Plc - Common
AMENDMENT
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: 0171 638 0129
                                                              FORM 38.5
             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
             Dealing in                                               Morrison (W.M) Supermarkets
             Class of security                                        Common
             Date of disclosure                                       17 March 2003
             Date of dealing                                          14 March 2003
             Name of EMM                                              Merrill Lynch International
             Name of offeree/offeror with whom connected              Trackdean Investments Ltd
            Number of securities purchased                            256,059
             Highest price paid*                                     GBP    1.67
             Lowest price paid*                                      GBP    1.63
            Number of securities sold                                 140,373
             Highest price paid*                                     GBP    1.66
             Lowest price paid*                                      GBP    1.63
             *Currency must be stated
                                                              FORM 38.5
             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
             Dealing in                                               Thistle Hotels Plc
             Class of security                                        Ordinary
             Date of disclosure                                       17 March 2003
             Date of dealing                                          14 March 2003
             Name of EMM                                              Merrill Lynch International
             Name of offeree/offeror with whom connected              Thistle Hotels Plc
            Number of securities purchased                            2,307
             Highest price paid*                                     GBP    1.22
             Lowest price paid*                                      GBP    1.20
            Number of securities sold                                 5,321
             Highest price paid*                                     GBP    1.23
             Lowest price paid*                                      GBP    1.21
             *Currency must be stated
                                                              FORM 38.5
             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
             Dealing in                                               Sainsbury (J) Plc
             Class of security                                        Common
             Date of disclosure                                       17 March 2003
             Date of dealing                                          14 March 2003
             Name of EMM                                              Merrill Lynch International
             Name of offeree/offeror with whom connected              Trackdean Investments Ltd
            Number of securities purchased                            474,843
             Highest price paid*                                     GBP    2.35
             Lowest price paid*                                      GBP    2.30
            Number of securities sold                                 348,919
             Highest price paid*                                     GBP    2.35
             Lowest price paid*                                      GBP    2.30
             *Currency must be stated
                                                              FORM 38.5
             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
             Dealing in                                               Tesco Plc
             Class of security                                        Common
             Date of disclosure                                       17 March 2003
             Date of dealing                                          14 March 2003
             Name of EMM                                              Merrill Lynch International
             Name of offeree/offeror with whom connected              Trackdean Investments Ltd
            Number of securities purchased                            3,425,334
             Highest price paid*                                     GBP    1.76
             Lowest price paid*                                      GBP    1.70
            Number of securities sold                                 2,398,434
             Highest price paid*                                     GBP    1.76
             Lowest price paid*                                      GBP    1.70
             *Currency must be stated
                                                                                                       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 Ordinary
             Date of Disclosure:                                          17 March 2003
             Date of Dealing                                              14 March 2003
             Name of EMM / EPT                                            Merrill Lynch International
             Name of offeree/offeror with whom connected                  Trackdean Investments Ltd
             Product Type                                                 LONG CFD
             Maturity Date                                                09 December 2003
             Writing of CFD
             Number of Ordinary to which the CFD is referenced            Nil
             CFD Reference Price Range                                    n/a
             Closing Out of CFD
             Number of Ordinary to which the CFD is referenced            5,000
            CFD Reference Price Range                                   1.74      to    1.74      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:
             Dealing in Contract for Differences ("CFD") referenced to Tesco Plc Ordinary
             Date of Disclosure:
             Date of Dealing
             Name of EMM / EPT                                            Merrill Lynch International
             Name of offeree/offeror with whom connected
             Product Type                                                 SHORT CFD
             Maturity Date
             Writing of CFD
             Number of Ordinary to which the CFD is referenced            Nil
             CFD Reference Price Range                                    n/a
             Closing Out of CFD
             Number of Ordinary to which the CFD is referenced            402,413
            CFD Reference Price Range                                   1.73      to    1.73      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:
             Dealing in Contract for Differences ("CFD") referenced to Tesco Plc Ordinary
             Date of Disclosure:
             Date of Dealing
             Name of EMM / EPT                                            Merrill Lynch International
             Name of offeree/offeror with whom connected
             Product Type                                                 SHORT CFD
             Maturity Date
             Writing of CFD
             Number of Ordinary to which the CFD is referenced            5,000
            CFD Reference Price Range                                   1.74      to    1.74      GBP
             Closing Out of CFD
             Number of Ordinary to which the CFD is referenced            Nil
             CFD Reference Price Range                                    n/a
                  Further Disclosure should be made where necessary so that the nature of the dealings can be fully
                                                              understood


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