Offer Update

    RNS Number : 6624W
  Tesco PLC
  13 June 2008
   

    Not for release, publication or distribution in or into the United States of America, Canada, Australia or Japan or any other
jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction


    For immediate release
    13 June 2008


    Tesco Holdings Limited

    Recommended Cash Offer for Dobbies Garden Centres plc

    Compulsory acquisition of outstanding Dobbies Shares


    On 5 June 2008 Tesco Holdings Limited ("Tesco Holdings") announced that the cash Offer by Tesco Holdings to acquire the whole of the
issued share capital of Dobbies Garden Centres plc ("Dobbies") not already held by Tesco Holdings or any of its Associates at a price of
1200 pence per Dobbies Share was unconditional in all respects. 

    The board of directors of Tesco Holdings is pleased to announce that, as at 3 p.m. (London time) on 12 June 2008, Tesco Holdings had
received valid acceptances of the Offer in respect of 3,223,111 Dobbies Shares, representing approximately 90.13% per cent. of the Dobbies
Shares to which the Offer relates.

    Accordingly, Tesco Holdings will be posting in due course compulsory acquisition notices under section 979 of the Companies Act 2006 to
Dobbies Shareholders who have not accepted the Offer by that time.  The transfer of the compulsorily acquired Dobbies Shares is expected to
take place on or after 28 July 2008.

    The Offer, which remains subject to the terms set out in the Offer Document, will remain open after the First Closing Date until further
notice. Dobbies Shareholders who have not yet accepted the Offer are urged to do so as soon as possible. The procedure for acceptance of the
Offer is set out in paragraph 12 of Part II of the Offer Document and, in respect of certificated Dobbies Shares, is further described in
the Form of Acceptance.

    Capitalised terms used but not defined in this announcement shall have the meanings given to them in the Offer Document.


    Enquiries

 Tesco Holdings
 Steve Webb, Investor Relations                   Tel: +44 1992 644 800
 Jonathan Church, Media                           Tel: +44 1992 644 645

 Greenhill (financial adviser to Tesco Holdings)  Tel: +44 20 7198 7400
 Simon Borrows
 David Wyles

 JPMorgan Cazenove (broker to Tesco Holdings)     Tel: +44 20 7588 2828
 Luke Bordewich

 Maitland (PR adviser to Tesco Holdings)          Tel: +44 20 7379 5151
 Angus Maitland

     This announcement does not constitute an offer or an invitation to purchase any securities. The Offer is being made solely by means of
the Offer Document and the accompanying Form of Acceptance, which contain the full terms and conditions of the Offer including details of
how it may be accepted.

    Greenhill, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Tesco
and Tesco Holdings and no-one else in connection with the Offer and will not be responsible to anyone other than Tesco and Tesco Holdings
for providing the protections offered to clients of Greenhill nor for providing advice in relation to the Offer.

    The Offer is not being made, directly or indirectly, in or into and will not be capable of acceptance in or from Canada, Australia or
Japan. In addition, the Offer is not being made, directly or indirectly, in or into, or by use of mails or any means or instrumentality
(including, without limitation, facsimile transmission, telephone or internet) of interstate or foreign commerce of, or any facilities of a
national securities exchange of, the United States and it is not currently intended that the Offer will be capable of acceptance by any such
use, means, instrumentality or facility or from within the United States. Accordingly, copies of this announcement are not being, and must
not be, mailed or otherwise forwarded, distributed or sent in or into or from the United States, Canada, Australia or Japan. Custodians,
nominees and trustees should observe these restrictions and should not send or distribute the announcement in or into the United States,
Canada, Australia or Japan.
This information is provided by RNS
The company news service from the London Stock Exchange
 
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