Tesco Investor Presentation — April 2022

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Ken Murphy, Chief Executive Officer

Imran Nawaz, Chief Financial Officer

Agenda .01. Introduction

02. Full year results

03. Strategic priorities

04.Market environment &

An extraordinary year

Resolutely focused on customers

Unwavering commitment to value

Continued strong growth

A brilliant team effortIntroduction .3

Ukraine -Supporting those

affected by the crisis .4

An extraordinary year .

Supporting customers &

colleagues through the pandemic

Prioritised safety and well -being throughout

Supported absent & isolating colleagues

Online capacity maintained at 1.2m orders

per week; app users +71%

Donated 53m meals via food redistribution;

3m through ‘Buy One to Help a Child’Leveraged supplier partnerships & supply

960 HGV drivers added via recruitment,

conversion courses and apprenticeships

Significantly increased rail freight, including

new UK refrigerated service

Maintained industry -leading availabilityConsistent, compelling value proposition;

perception strengthening vs rest of big 4

Quality perception +11bps vs market

Accelerating Brand NPS outperformance

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