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Board / Senior ExecutivesTony Keohane– Chief ExecutiveDermot Breen– Corporate Affairs &CommunicationsGeoff King– FinanceSteve Leach– Store Operations &Supply ChainAnn Rogers-Sandra Turner– CommercialPeter Wright-HR DirectorMarketing

Tesco IrelandMarket LeaderFood Market Share: 25.9%Non Food GrowingFocus on Irish Customers1.95m Transactions per Week93 Multi-format Stores05 / 06 SalesSales: 2.5 2 5 Billion 16%

1997- Acquisition from ABF- NI: 34 Stores- ROI: 76 Stores- ROI Market Share: 21.5%

Milestones1997Tesco in Athlone. Clubcard Launched1998Undertakings to Irish Government onDomestic Market and Export Trade1999Computers for Schools Launched2000TPF Visa Card; Charity of the Year;Grocery Home Shopping2002ValueVl RRange; ChCherokeekNew Relationship with Trade UnionsFirst Step Change Programme

Milestones (con’td)2003Public Recognition by TaoiseachBertie Ahern for DeliveringUndertakingsDC at Ballymun OpenedProjectPj t Forward:Fd SystemsS tIntegrationFirst PFS: Killarney24 HHour TTradingdi

Milestones (con’td)2004First Extra: ClarehallFirst Express: Co MeathPrice LeadershipParliamentary Committeeon Grocery Prices2005Sports for SchoolsSelf Scanningg

Growth Performance3Sales billion2.52.5112.1661.9361.79121 6601.6601.5251.510.50Number of 8793

Store Formats2 Extra50 Superstores35 Supermarkets6 Express8 PFS1 5 million Sq ft1997: 1.52006: 2.23 million Sq ft

Store Transformation: Clearwater, DublinWeekly Sales 300kWeekly Sales 1.4m

Supply Chain2005: 5 Depots – 880,000 sq ft2007 3 Depots – 1,270,0002007:1 270 000 sq ft

Irish Food Buying 1.5billion p.a.50% of rangeExports to Tesco UK - 420m p.a.

Irish Food & Drink Export Markets1.United SA

Own LabelTesco, Value, Finest31% Participation2500 Irish Produced

Petrol8 Stations; Market 15005% Market Share

Grocery Home Shopping170,000 Registered20% Growth p.a.

Tesco Personal Finance26,000 Credit Cards2,600,Car Insurance PoliciesLoans Start Up

Price 07Value SegmentTesco Value100Lidl / Aldi115

Market PositionShare %No. of Stores2005 GrowthTesco25.99316.0%Dunnes22 scounters6.292n/aSpar2.0420n/aCentra232.337411 0%11.0%22 222.25447 5%7.5%Musgraves(SV & Centra)

New Stores: 2006270,000 sq. ft.EdenderrygNenaghTipperaryClonmelKillarney (E)Clearwater (E)ClaneNew RossWexford

Growth FactorsPriceNew StoresNon Food GrowthSt bl IIndustrialStabled ti lRRelationsl tiEfficienciesConsumer / Government Trust

Business EnvironmentGNP Growth 5% Consumer Spending 6.0% Strong DemographicsFFavourablebl LLegislationi l ti

Future StrategyPrice LeadershipNew StoresSupply ChainGGroupScaleS lPeople DevelopmentManagement Quality

2,600 Car Insurance Policies Loans Start Up. Price Position Tesco 100 Dunnes 102 SuperValu 105 SiSuperquinn 107 Value SegmentValue Segment Tesco Value 100 Lidl / Aldi 115. Market Position Share % No. of Stores 2005 Growth Tesco 25.9 93 16.0% Dunnes