Tesco PLC

Tesco Corporate Treasury Services PLC
Tesco Corporate Treasury Services Europe DAC

2 July 2026

Tesco Corporate Treasury Services PLC ("Issuer")

Satisfaction of GHG KPI Condition in relation to €750,000,000 unsecured ESG notes 0.375% due 2029 (ISIN: XS2289877941, Common Code: 228987794) ("ESG Notes")

We refer to the Final Terms dated 25 January 2021 relating to the Issuer's issue of the ESG Notes guaranteed by Tesco PLC and issued under the Tesco PLC's, Tesco Corporate Treasury Services PLC's and Tesco Corporate Treasury Services Europe DAC's £15,000,000,000 Euro Medium Term Note programme ("Final Terms"). We refer to the terms and conditions in the Offering Circular dated 21 December 2020 and the Final Terms ("Conditions").

Terms used but not defined in this notice have the meaning given to them in the Conditions.

The Issuer confirms satisfaction of the GHG KPI Condition in respect of the GHG KPI Percentage Reference Year as set out in the Final Terms. The GHG KPI Percentage has been calculated as 68% and is therefore above the 60% GHG KPI Percentage Threshold required to satisfy the GHG KPI Condition.

The GHG KPI Percentage has been published in the Guarantor's Sustainability Report and in the Assurance Report.

Notice is hereby given that there shall be no change to the 0.375 per cent. per annum Rate of Interest on the ESG Notes.

This notice is irrevocable.

Enquiries:

Chris Taylor
Group Company Secretary
Tesco PLC
Tesco House
Shire Park
Kestrel Way
Welwyn Garden City
AL7 1GA

[email protected]

Tesco PLC LEI Number: 2138002P5RNKC5W2JZ46

Tesco Corporate Treasury Services PLC LEI Number: 21380018AJDKNF3A6712

Tesco Corporate Treasury Services Europe DAC LEI Number: 213800ESTST91B3U3P50   

DISCLAIMER - INTENDED ADDRESSEES

This notice is issued and directed only to the holders of the ESG Notes and no other person shall, or is entitled to, rely or act on, or be able to rely or act on, its contents, and it should not be relied upon by any holder of Notes for any other purpose.

Your right to access this service is conditional upon complying with the above requirement.