Maturity Booklet 2009 3 Year - Shareview

Questions & Answers
How much does it cost to buy and sell my shares
immediately (choice 2)?
There is no charge to exercise your option and
purchase your shares, however commission is
charged on the sale of these shares. The commission
is 1.5% of the value of the sale with a minimum fee
of €32.00, and will be deducted from the proceeds
of your sale. The sales facility is subject to achieving
a minimum sale price of £3.28.
Why will my shares not be sold if the share price
falls below £3.28?
This limit has been put in place to protect our
colleagues if the Tesco share price falls below the
option price of £3.28. Your exercise request will not
be processed and your savings and bonus will be
repaid to you.
When do I have to complete my instruction if
I want to buy and sell my shares immediately
(choice 2)?
A special service has been arranged for you to sell
your shares quickly without waiting for your share
certificate, so you can buy and sell your Tesco shares
at the same time. It is a dealing service which is
available until 31 July 2013. The first sale will take
place on the 1 February 2013 and if you want your
shares to be sold on this date Equiniti Financial
Services Limited need to have received your online
or phone instruction by 22 January 2013. Sales will
then take place weekly every Wednesday until
7 August 2013.
How do I sell my shares in the future if I have
chosen to buy Tesco shares to keep (choice 1)?
If you have chosen to receive a share certificate
you should keep it in a safe place as you will need
it when you sell your shares. You will need to make
arrangements with a stockbroker or share dealing
service. If you have chosen to hold your shares in the
Tesco Nominee Service you will be able to give a sale
instruction online or by phone. More information
around the Nominee Service is available online at
www.shareview.co.uk/clients/tescoireland.
What happens if I have missed any payments?
For every payment missed, the maturity date of
your scheme will be deferred and you will continue
to have deductions from your pay until you have
completed your savings scheme. Your maturity
statement on page 2 will show your maturity date.
If your maturity date is after 31 July 2013 you will
not be able to choose choice 2 because you will not
have completed your savings scheme before the
exercise and sell immediately service finishes.
What tax will I pay?
Choice 1 Use your savings and bonus to buy Tesco
shares to keep
If you take your savings and bonus in shares, the
exercise gain (which is the difference between the
share price on the day you exercise your option and
the option price) will be subject to USC and PRSI via
payroll. Income Tax will not apply.
Choice 2 Use your savings and bonus to buy Tesco
Shares to sell immediately
The exercise gain will be subject to USC and PRSI
via payroll. Income tax will not apply. Capital gains
tax at 33% is payable on the difference between
the Option Price and the Market Value of the shares
when sold if the gain/profit on disposal, when added
to any other capital gains, is more than €1,270 in any
one tax year.
Choice 3 Take your savings and bonus in cash
You will not pay Income Tax, USC or PRSI if you
choose to take your savings and bonus in cash.
As the tax rules relating to share schemes are
complicated and Tax law changes from time to time,
it is advisable that you seek independent tax advice
if you are in any doubt regarding your tax affairs.
How does the Euro to Sterling exchange rate
affect my option to buy shares at the option price?
When you received your option certificate at the
beginning of the 3 year SAYE scheme, it indicated
the “maximum number of shares” under option in
this scheme (i.e. the maximum number as indicated
on the attached maturity statement). This was
determined by the amount to be saved, the bonus,
the option price of £3.28 and the exchange rate at
that date (€1 = 92.816p).
So, regardless of exchange rate movements, the
maximum number of shares that you can buy is
limited to the number of shares you would have
received if the exchange rate does not change.
If the Euro has strengthened against Sterling at the
time of exercise, you can buy up to the maximum
number of shares. Any excess cash that cannot be
used to purchase shares on the date of exercise will
be refunded to you by cheque in Euro by Barclays
Bank PLC within 6 weeks. If the Euro has weakened
against Sterling, the number of shares you can buy
will be reduced. The number will be determined by
your savings (plus bonus), the option price and the
exchange rate at the time of exercise.
What happens if I do nothing?
Your option to buy shares at £3.28 will lapse 6 months
after your maturity date. You will then be sent a
cheque for the amount of your savings and bonus
and you will not be able to buy shares.
What if the share price falls below the option price?
If the current Tesco PLC share price is close to the
option price, the decision will be taken not to offer
the choice to exercise your option and your savings
and bonus will be repaid to you. Cheques will be
despatched by Barclays Bank PLC as soon as possible.
What happens if I have my savings and bonus
repaid and then the share price rises above the
option price?
If the share price rises above the option price
before your last exercise date, you will still have the
opportunity to return some or all of your savings to
buy shares at the option price. Your last exercise date
is shown on your maturity statement on page 2.
You will need to call the Equiniti helpline on
+44 121 415 0266 for information on what to do.
5 Please take action before your last exercise date. See page 2. 6 Save As You Earn Maturity
How do I find out more?
If you need more information about your Save As
You Earn scheme please call the Equiniti helpline on
+44 121 415 0266. Lines are open Monday to Friday
8.30am to 5.30pm.
Terms and
Conditions
for Maturity
Service
All instructions are date
and time recorded.
1. The first instruction received by Equiniti Limited will be the
instruction processed. No further instruction, changes to
instruction or cancellations will be processed.
Electronic Applications (IVR & Online)
1.1 The information that I provide to gain access to the service
together with my acceptance of the terms and conditions
will constitute my electronic signature when I confirm my
instruction.
1.2 Tesco PLC, Equiniti and/or the savings carrier have the right
to withdraw the electronic maturity service at any time.
1.3 Tesco PLC and/or the savings carrier may insist on a written
application instead of using the electronic maturity service.
1.4 Equiniti Limited will take reasonable steps to ensure that
the electronic maturity service is available but they are not
responsible for systems beyond their reasonable control, nor
excess demand on the service beyond Tesco PLC’s and/or
Equiniti’s control or any incompatibility between the
individuals equipment and the electronic maturity system.
2. Tesco PLC, may at its discretion, request further confirmation
of the instruction in writing in the event of a significant change
in the share price.
Tesco has been awarded the colleague share plans
best overall performance in fostering colleague
share ownership in 2009, 2010 and 2011
Important Information -
This document requires your immediate attention
Please recycle this pack once you are finished with it.
3YR
Important Information
– This document requires your immediate attention
If undelivered, please return to: PO BOX No. 1155, Lancing, United Kingdom. BN99 6RB

Congratulations!
You have reached the end of the 3 year Save As You Earn scheme
that you joined in October 2009 with the option price of £3.28.
You now need to tell us what you would like to do with your savings
and bonus, you can choose from the following options:
1. Use your savings and bonus to buy Tesco shares to keep.
2. Use your savings and bonus to buy Tesco shares to sell immediately.
(Your shares will only be sold if a minimum sale price of £3.28 can be achieved.
This limit has been put in place to protect you if the share price falls).
3. Take your savings and bonus in cash.
What you need to do next
• Please read this booklet carefully and decide which choice is best for you
• From the 11th January give your instruction via one of the 2 easy methods
detailed on Page 4
• Remember you need to tell us what you would like to
do within the deadlines explained on Page 3
What will
you do
with your
money?
2009 3 Year Maturity Statement
Save As You Earn Contract Number
Maturity Date
Scheme Start Date
Number Of Share Options
This statement sets out details of your 2009 Save As You Earn scheme. The choices available to you at maturity are
explained on page 3 of this booklet.
If you have missed any payments, your maturity date will be deferred by the number of months you have
missed and the maturity date shown will reflect this.
Details of your SAYE account, together with the amount repayable on maturity, are shown below:
Monthly savings (€) Total saved (€) Bonus (€) Total payable (€)
Details of how many shares you can buy if you exercise your option are shown below:
Share options held Option price (pence)
If option is exercised,
Current value of shares
at £3.4275*
Last exercise date**
* The share price used was the mid-market price on 2 January 2013.
** Please note if you have recently left Tesco employment you only have 6 months from your original date of leaving to exercise your option.
As you can only buy whole shares there may be a residue between the amount repayable and the total cost of the shares purchased. This residue will be
returned to you by Barclays Bank PLC. If you decide to use your savings and bonus to buy Tesco shares and request a Share Certificate, when selling your
shares in the future you will need to make your own arrangements with a stockbroker or share dealing service.
If you select Choice 1 (buy shares to keep), your shares will be allotted on exercise and added to the Tesco Nominee Service, unless you have asked for a
share certificate in which case this will be sent to you within 5 working days from allotment. If you select Choice 2 (buy shares to sell immediately) and your
instruction is received after 31 July 2013 you will also be allotted shares and shares added to the Nominee Service unless you asked for a share certificate.
Allotments of shares will normally be held each Wednesday. For more information, please contact Equiniti on +44 121 415 0266. Lines are open 8.30am
to 5.30pm Monday to Friday.
To ensure security for colleagues and help Equiniti maintain a quality service, telephone calls to Equiniti may be recorded or monitored. Equiniti
Limited and Equiniti Financial Services Limited are part of the Equiniti group of companies and whose registered offices are Aspect House,
Spencer Road, Lancing, West Sussex BN99 6DA United Kingdom. Company share registration, employee scheme and pension administration
services are provided through Equiniti Limited, which is registered in England and Wales with No.6226088. Investment and general insurance
services are provided through Equiniti Financial Services Limited, which is registered in England & Wales with No.6208699 and is authorised and regulated
by the UK Financial Services Authority No.468631.
Your Save As You Earn choices
Choice 1*
Use your savings and bonus to buy
Tesco Shares to keep
You can buy shares at the option price of £3.28
per share. You can choose to hold your shares
electronically in the Nominee Service administered
by Equiniti Financial Services Limited making it easier
to hold your shares and sell them when you wish.
Alternatively, you can ask to receive a share
certificate which will be sent to your home address.
If the Tesco share price at the time of processing
your exercise request is below the option price
of £3.28, your request will not be processed and
your savings will be repaid to you, together with
your bonus.
If you wish to exercise and receive your shares at the
earliest opportunity, Equiniti will need to have received
your instruction by 11.59pm on 22 January 2013.
Choice 2*
Use your savings and bonus to buy Tesco Shares to
sell immediately
You can buy your shares and sell them immediately
and benefit from any gain in the share price. Your
shares may take up to two weeks to sell depending
on when we receive your instruction. Remember,
share prices can go down as well as up. You will be
sent a cheque in Euro to your home address shown
on your maturity instruction form two working days
after the sale of shares.
For information regarding tax, please refer to the
Questions & Answers section on Page 5 of this
booklet.
You cannot set a price at which to sell your shares
however, your shares will only be sold if a sale price
of more than £3.28 can be achieved. If the shares
can not be sold your option will not be exercised
and your savings and bonus will be repaid to you.
The sale facility for choice 2 is provided by Equiniti
Financial Services Limited for Tesco colleagues until
31 July 2013. If you wish to exercise and sell your
shares at the earliest opportunity, Equiniti will need
to have received your instruction by 11.59pm on
22 January 2013.
Choice 3
Take your savings and bonus in cash
If you choose this option you will not be
buying Tesco shares. You will be sent a cheque in
Euro to your home address within 6 weeks.
* The number of shares you can buy at the option price of £3.28 is
likely to be reduced because of the movement in the exchange
rates between now and at the time your option was granted three
years ago. More information around the impact of exchange rates
is explained on page 5 of this booklet.
What
happens
if I do
nothing?
Your option to
buy shares will lapse
6 months after your
maturity date and
you will not be able
to buy shares.
Apply online
Visit www.shareview.co.uk/clients/tescoireland
and follow the on screen instructions. Once you have
submitted an instruction you will see a confirmation
page, please review and print or save this page.
1 Please take action before your last exercise date. See page 2. 2 2009 3 Year Maturity Statement 3 Please take action before your last exercise date. See page 2. 4 Save As You Earn Maturity
It’s so easy to make an instruction
for your Save As You Earn Maturity!
The online and
telephone service
opens at 9am
11th January
Choose from two simple ways – all you need is your Save As You Earn
Contract Number (shown on page 2) and your Date of Birth.
Apply by telephone*
Submit your instruction by telephone
1890 812 730* and follow the instructions you
hear. The call should take you no more than three
minutes and can be made at any time of the day.
At the end of the call you’ll need to take a note of
your confirmation number.
* For eircom landline customers calls cost 5.25 cents
per minute (peak time) and 1.34 cents per minute
(off peak). Please check with your own service
provider for your call rates.
If you have a last exercise date on your Maturity Statement (page 2) that is after the 31 July 2013, you can give
an exercise instruction using either application channel until this date. After 31 July 2013 you will only be able
to give an instruction online. By registering to exercise your option under either choice 1 or 2, you are doing
so in accordance with the Maturity Service terms and conditions set out within this document (page 6). Terms
and conditions of the sale facility can be found at www.shareview.co.uk/clients/tescoireland. For your own
benefit you should read these carefully before giving your exercise instruction. If you do not understand any
point please call +44 121 415 0266*.
Remember that your option to buy shares runs out 6 months after your maturity date so if you want to buy
shares, make sure you buy them in time. If you do nothing, after 6 months your option to buy shares will lapse
and you will be automatically sent a cheque for the amount of your savings and bonus. If you wish to exercise
only part of your share option i.e only use some of your savings and bonus to buy shares and take the rest as
cash please call Equiniti on +44 121 415 0266. Lines are open 8.30am til 5.30pm Monday to Friday.