Investor conference

Diageo PLC
26 March 2002


                                                                   26 March 2002


                  Diageo holds investor conference in New York

Diageo will today hold an investor conference in New York. The conference will
begin at 8.00 EST Tuesday 26 March 2002 and end at 14.00 EST Wednesday 27 March.
The conference comprises presentations, by members of Diageo's senior management
team led by CEO Paul Walsh, and two workshops. No update on current trading will
be given at the conference.

Paul Walsh, Diageo's CEO, said, 'Diageo has two very clear objectives: to invest
behind our leadership position in premium drinks and to create value for our
shareholders. We have the strategies in place by which we will continue to
deliver profitable top line growth. At this conference we will be illustrating
how we will apply our strategy for growth and leverage our position as the
world's premium drinks business.'

                                     -ends-

For further information:

Presentation slides from each day of the conference will be available to
download from diageo.com from 9.00 GMT the following day.

Two of the presentations, Diageo premium drinks in North America by Paul Clinton
and Marketing by Rob Malcolm will be made available in video, audio and text
format from 7.00 GMT Wednesday 3 April 2002 on www.diageo.com and www.cantos.com

Investor enquiries to: Catherine James [phone]

[phone]

[e-mail]

Media enquiries to: Kathryn Partridge [phone]

[e-mail]


                      This information is provided by RNS
            The company news service from the London Stock Exchange