1. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Prepared by Corinne Millar Planet Retail | March 2005

2. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved 2  Global Development Strategy  Future Growth  Operational Issues  Around the world with Tesco

3. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Top 10 Global Ranking, 2004 -2008 3 43.7 41.2Costco10 48.2 43.4Target 9 45.7 44.1Rewe 8 48.3 46.1Kroger 7 55.7 46.9Ito-Yokado 6 69.8 51.7Tesco 5 79.2 62.8Metro 4 73.4 72.3Ahold 3 114.9 90.2Carrefour 2 303.2247.8Wal-Mart 1 RBS 2008 (EUR bn) RBS 2004 (EUR bn) CompanyRank

4. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Global Map 4 UK R.O. Ireland France Czech Republic Poland Slovakia Hungary Turkey Thailand Malaysia Taiwan Japan S Korea USA China Russia Greece

5. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Top 3 in UK, Thailand, Slovakia, Poland, S Korea, Ireland and Hungary 5

6. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved UK still dominates… but share is falling UK Rest of world 6

7. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Key Overseas Markets: South Korea, Ireland, Hungary, Thailand and China 7

8. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved East vs West 8 Europe +25% Asia +122%

9. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Multi-channel approach 9 Japan Malaysia UK Ireland Czech Republic Poland Slovakia Hungary Turkey Thailand Taiwan S Korea China Hypermarkets & superstores Supermarkets C-store & forecourt Discount stores Cash & carry

10. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Continued growth across three core formats 10

11. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Operational Issues In-store 11  Private labels  Pricing  Loyalty cards

12. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Operational Issues Back Office 12  Supply chain management  Organisation  Buying

13. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved Key Messages 13  One of the world’s leading grocery retailers  Flexible, multi-channel retailer  Competitive pricing drives business  Early adopter of new technology

14. e-intelligence on global retailing - www.planetretail.net Copyright M+M Planet Retail Ltd. All rights reserved www.planetretail.net