REDEMPTION OF DIAGEO NOTES

Diageo PLC
01 February 2005

                                                                 1 February 2005

PRESS RELEASE



                               DIAGEO CAPITAL PLC


                           REDEMPTION OF DIAGEO NOTES



Diageo Capital plc has called all of its 5.30% Diageo Notes due August 14, 2012
(CUSIP: 25243FAS9) and its 5.30% Diageo Notes due August 21, 2012 (CUSIP:
25243FAT7) for redemption on February 15, 2005. Diageo Capital plc has also
called all of its 5.30% Diageo Notes due September 4, 2012 (CUSIP: 25243FAU4)
for redemption on March 15, 2005. The Notes will be redeemed for 100% of their
unpaid principal amount together with unpaid interest accrued on such principal
amount to the date of redemption. Pursuant to the terms of the Notes, the funds
for redemption will be deposited with Citibank, N.A. in its capacity as Paying
Agent for the Notes.


                                     -ends-




For Information Contact:



Catherine James     Investor Relations          [phone]

[e-mail]

Kelly Padgett       Investor Relations          [phone]

[e-mail]

Jane Richardson     Media Relations             [phone]

[e-mail]

About Diageo plc:

Diageo is the world's leading premium drinks business. With its global vision,
and local marketing focus, Diageo brings to consumers an outstanding collection
of beverage alcohol brands across the spirits, wine and beer categories
including Smirnoff, Guinness, Johnnie Walker, Baileys, J&B, Cuervo, Captain
Morgan and Tanqueray, and Beaulieu Vineyard and Sterling Vineyards wines. Diageo
trades in some 180 markets around the world and is listed on both the New York
Stock Exchange (DEO) and the London Stock Exchange (DGE). For more information
about Diageo, its people, brands and performance, visit us at www.diageo.com






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