RNS Number:8170I
Deutsche Bank AG London
17 March 2003

                                 EMM DISCLOSURE

                                                             FORM 38.5 (SUMMARY)

Lodge with a RIS and the Takeover Panel. Use a separate form for each class of
securities in which dealings have been made.



CONNECTED EXEMPT MARKET- MAKERS:
DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS



Name of EMM Deutsche Bank AG London




Date of disclosure 17/03/03




Contact name Kelly-Jade Ledwich




Telephone number 0207 545 7804




Please see attached disclosure of dealings under Rule 38.5 in the securities
of the following companies:

Safeway plc

Tesco plc

Sainsbury (J)

William Morrison Supermarkets



AMENDMENT

If the attached Rule 38.5 disclosure is to amend a previous disclosure, please
state which element(s) of previous disclosure was incorrect:

 Amendment due to Late Trades



In the case of option business or dealings in derivatives full details should be
given on a separate sheet so that the nature of the dealings can be fully
understood. For options this should include the number of securities under
option, the exercise period (or in the case of exercise, the exercise date), the
exercise price and any option money paid or received. For derivatives this
should include, at least, the number of reference securities to which they
relate (when relevant), the maturity date (or if applicable the closing out
date) and the reference price.

For full details of the disclosure requirements see Rules 8 and 38 of the Code.
If in doubt contact the Monitoring Section of the Panel, Tel. No: 020 7638 0129.
Email: monitoring@disclosure.org.uk

                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in (name of company) Safeway plc




Class of security Ordinary




Date of disclosure 17/03/03




Date of dealing 13/03/03




Name of EMM Deutsche Bank AG London




Name of offeree/offeror with whom connected Tesco plc




Total number of securities purchased 1,782,574




Highest price paid* #2.89




Lowest price paid*#2.81




Total number of securities sold 1,673,893




Highest price received*#2.89




Lowest price received*#2.82




*Currency must be stated









                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in (name of company) Tesco plc




Class of security Ordinary




Date of disclosure 17/03/03




Date of dealing 13/03/03




Name of EMM Deutsche Bank AG London




Name of offeree/offeror with whom connected Tesco plc




Total number of securities purchased 4,126,820




Highest price paid* #1.72




Lowest price paid*#1.63




Total number of securities sold 3,126,532




Highest price received*#1.72




Lowest price received*#1.63




*Currency must be stated





                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in (name of company) Sainsbury (J)




Class of security Ordinary




Date of disclosure 17/03/03




Date of dealing 13/03/03




Name of EMM Deutsche Bank AG London




Name of offeree/offeror with whom connected Tesco plc




Total number of securities purchased 3,148,678



Highest price paid* #2.30




Lowest price paid*#2.22




Total number of securities sold 1,594,578




Highest price received*#2.30




Lowest price received*#2.2225




*Currency must be stated



                                                                       FORM 38.5

CONNECTED EXEMPT MARKET-MAKERS:

DISCLOSURE UNDER RULE 38.5 OF THE CITY CODE ON TAKEOVERS AND MERGERS

Dealing in (name of company) William Morrison Supermarkets




Class of security Ordinary




Date of disclosure 17/03/03




Date of dealing 13/03/03




Name of EMM Deutsche Bank AG London




Name of offeree/offeror with whom connected Tesco plc




Total number of securities purchased 1,417,632




Highest price paid* #1.645




Lowest price paid*#1.4975




Total number of securities sold 2,505,582




Highest price received* #1.645




Lowest price received*#1.51




*Currency must be stated




                      This information is provided by RNS
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