Share Buy Back Programme

Diageo PLC
29 December 2006



29 December 2006



 Diageo puts in place programme to enable the buy back of shares in forthcoming
                                 closed period



Diageo plc announces that it has put in place an irrevocable, non-discretionary
programme to allow the company to buy back shares during the closed period which
precedes the interim results announcement on 15 February 2007.  The buy back
programme during the closed period will be managed by an independent third
party, which will make its trading decisions in relation to the company's
securities independently of, and uninfluenced by, the company.

Share buy backs will be effected during the period between 2 January 2007 and 15
February 2007 within pre-set parameters. The buy backs will be in accordance
with Diageo's general authority to repurchase shares and in accordance with
Chapter 12 of the Listing Rules. Consequently the maximum price paid will be
limited to no more than 105 per cent of the average middle market quotations of
Diageo shares for the 5 dealing days preceding the date of purchase. The shares
repurchased will be cancelled on a daily basis.

In announcing this Diageo confirms that currently it has no inside information.
Diageo will announce interim results for the six months ending 31 December 2006
on 15 February 2007.

                                     -ends-



For further information:



Investors enquiries     Darren Jones + 44 (0) 20 7927 4223
                        [e-mail]

Media enquiries         Isabelle Thomas  +  44 (0) 8978 8647
                        [e-mail]




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