On 19 January 2021, Tesco Corporate Treasury Services PLC (TCTS) announced an invitation to holders of its outstanding €750,000,000 2.500%. Notes due 2024 and guaranteed by Tesco (as defined below) (ISIN: XS1082971588) (the 2024 Notes) and Tesco PLC (Tesco and, together with TCTS, the Offerors) announced separate invitations to holders of its outstanding (a) £900,000,000 6.125%. Notes due 2022 (ISIN: XS0414345974) (the 2022Notes), (b) £515,000,000 5%. Notes due 2023 (ISIN: XS0248392812) (the 2023 Notes), (c) £200,000,000 6%. Notes due 2029 (ISIN: XS0105244585) (the 2029 Notes), (d) £200,000,000 5.50%. Notes due 2033 (ISIN: XS0159013142) (the 2033 Notes), (e) £300,000,000 4.875%. Notes due 2042 (ISIN: XS0248395245) (the 2042 Notes), (f) €600,000,000 5.125%. Notes due 2047 (ISIN: XS0295018070) (the 2047 Notes) and (g) £500,000,000 5.20%. Notes due 2057 (ISIN: XS0289810318) (the 2057 Notes and, together with the 2022 Notes, the 2023 Notes, the 2024 Notes, the 2029 Notes, the 2033 Notes, the 2042 Notes and the 2047 Notes, the Notes and each a Series) to tender their Notes for purchase by TCTS or Tesco, as applicable, for cash (each such invitation an Offer and, together, the Offers). The Offers expired at 4.00 p.m. (London time) on 27 January 2021 (the Expiration Deadline) and TCTS and Tesco now announce the final results of the Offers. The Offers were made on the terms and subject to the conditions contained in the tender offer memorandum dated 19 January 2021 (the Tender Offer Memorandum) prepared by the Offerors. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum. Satisfaction of New Financing Condition: TCTS and Tesco announced earlier that, following the successful completion of the issue by TCTS of its €750,000,000 0.375%. Sustainability-Linked Notes due 2029 guaranteed by Tesco (the New Notes) on 27 January 2021, the New Financing Condition has been satisfied. Series Acceptance Amounts and Aggregate Consideration Amount: TCTS (in the case of the 2024 Notes) and Tesco (in the case of each Series other than the 2024 Notes) announce that they have decided to accept valid tenders of 2023 Notes, 2024 Notes, 2029 Notes, 2033 Notes, 2042 Notes, 2047 Notes and/or 2057 Notes pursuant to the relevant Offers on the basis set out in the table below, and each Series Acceptance Amount will be as set out in the table below. Accordingly, the Offerors have decided to increase the Aggregate Consideration Amount, and as such the total amount payable across the US Tender Offer and the Offers is approximately €840 million.