Interim Management Statement

Diageo PLC 08 May 2008 8 May 2008 Interim management statement for the nine months ended 31 March 2008 Diageo maintains full year guidance for 9% organic operating profit growth in year ending 30 June 2008. In the nine month period ended 31 March 2008 Diageo's organic net sales growth was 7%, in line with the performance seen in the first half of the year ending 30 June 2008. There has been no material change in the financial position of the group. The return of cash to shareholders through the payment of dividends and the continued share buy back programme led to a reduction in net assets from £4.2 billion at 30 June 2007 to £3.9 billion at 31 March 2008. Paul Walsh, Chief Executive of Diageo commented: 'Trading in the third quarter continued in line with the first half and we are therefore maintaining our guidance for 9% organic operating profit growth for the current fiscal year. 'We continue to believe that the diversity and strength of our brands, the success of our marketing campaigns, our superior routes to market and our global reach will be key in delivering our performance .' -ends- Notes to editor: The introduction of the EU Transparency Directive in 2006 required companies whose securities are admitted to trading on a regulated market in the EU to issue interim management statements for financial years beginning after 20 January 2007. Diageo is therefore required to publish interim management statements from the financial year beginning 1 July 2007. At the time of the preliminary results on 30 August 2007 Diageo announced the following timetable for issuing interim management statements: At the AGM in October 2007 At the interim results in February 2008 In May 2008 At the preliminary results in August 2008 For further information: Investor Enquiries UK +44 (0)20 7927 4267 US +1 202 715 1110 Media Enquiries James Crampton +44 (0)20 7927 4613 james.crampton@diageo.com Isabelle Thomas +44 20 7927 5967 isabelle.thomas@diageo.com Forward-looking statements This document contains certain forward-looking statements within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Exchange Act of 1934. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. In particular, all statements that express forecasts, expectations and projections with respect to future matters, including trends in results of operations, margins, growth rates, overall market trends, the impact of interest or exchange rates, the availability of financing to Diageo, anticipated cost savings or synergies and the completion of Diageo's strategic transactions, are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements, including factors that are outside Diageo's control. All oral and written forward-looking statements made on or after the date of this document and attributable to Diageo are expressly qualified in their entirety by the 'risk factors' contained in Diageo's annual report on Form 20-F for the year ended 30 June 2007 filed with the US Securities and Exchange Commission (SEC). Any forward-looking statements made by or on behalf of Diageo speak only as of the date they are made. Diageo does not undertake to update forward-looking statements to reflect any changes in Diageo's expectations or any changes in events, conditions or circumstances on which any such statement is based. The reader should, however, consult any additional disclosures that Diageo may make in documents it files with the SEC. All readers, wherever based, should take note of these disclosures. The information in this document does not constitute an offer to sell or an invitation to buy shares in Diageo plc or any other invitation or inducement to engage in investment activities. Past performance cannot be relied upon as a guide to future performance. This information is provided by RNS The company news service from the London Stock Exchange

Companies

Diageo (DGE)
UK 100

Latest directors dealings