Issue of Debt

Diageo PLC
21 April 2008

                Diageo reopens fixed rate Euro denominated bond

Diageo plc

Diageo, the world's leading premium drinks company, today reopened its €850
million, fixed rate 5 year Euro denominated bond due on 1st July 2013 with a
coupon of 5.50%. The bond was originally issued on 3rd April 2008 under Diageo's
European Debt Issuance Programme,  by Diageo Capital B.V., with payment of
principal and interest fully guaranteed by Diageo plc.

Today Diageo launched and priced an additional €300 million with the same terms
(other than price to public and issue date), which will be consolidated and form
a single series with the original €850 million bond. Lehman Brothers, Merrill
Lynch and the Royal Bank of Scotland were joint book-running managers. The
aggregate principal amount outstanding following the reopening is €1,150
million. Proceeds from this issuance will be used for general corporate purposes
that may include funding for recent M&A activity.

This press release is for information purposes only and does not constitute a
prospectus or offering memorandum or an offer to acquire any securities and is
not intended to provide the basis for any credit or any other third party
evaluation of the securities (the 'Securities') or the transaction (the '
Transaction') and should not be considered as a recommendation that any investor
should subscribe for or purchase any of the Securities.  Neither this press
release nor any other documentation or information (or any part thereof)
delivered or supplied under or in relation to the Transaction or the Securities
shall be deemed to constitute an offer of or an invitation to purchase or
subscribe the Securities.  This press release does not constitute an offer to
sell, exchange or transfer any securities and is not soliciting an offer to
purchase, exchange or transfer any securities in any jurisdiction where such
offer, sale, exchange or transfer is not permitted or is unlawful.

Any investor who subsequently acquires the Securities must rely solely on the
final prospectus to be published by the Company in connection with the
Transaction, on the basis of which alone purchases of or subscription for the
Securities may be made.

The securities have not been registered under the U.S. Securities Act of 1933,
as amended (the 'Securities Act'), and no securities shall be offered or sold in
the United States or to U.S. persons (as those terms are defined in Regulation S
under the Securities Act) unless an exemption from the registration requirements
of the Securities Act is available.

This document is for distribution in the European Economic Area only to persons
who meet the criteria of qualified investors within the meaning of the
Prospectus Directive (2003/71/EC).


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