Statement re Press Comment

Diageo PLC 13 July 2000 The directors of Diageo have noted the speculation regarding a possible combination of Pillsbury with General Mills. Diageo and General Mills are engaged in discussions concerning a potential business combination with Pillsbury. There is no certainty that these discussions will lead to a transaction. Diageo does not intend to make any additional comments unless and until an agreement has been reached.

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Diageo (DGE)
Investor Meets Company
UK 100

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