Statement re redemption of Preferred Securities

TO:     Regulatory Information Service                                   
                                                                         
        PR Newswire                                                      
                                                                         

 

Diageo plc, acting in its capacity as general partner of Grand Metropolitan
Delaware, L.P. (the 'Partnership'), announces that the Partnership has called
all of its 9.42% Cumulative Guaranteed Preferred Securities, Series A (NYSE: 
GRM PrA; Cusip:  386087 209) for redemption on 16 November 2004.  The Preferred
Securities will be redeemed at $25.00 per Preferred Security together with
accumulated and unpaid dividends to the date of redemption.  Pursuant to the
terms of the Preferred Securities, the funds for redemption will be deposited
with the Depositary Trust Company.  The Preferred Securities are listed on the
New York Stock Exchange.

11 November 2004