Statement re Sichuan Chengdu

RNS Number : 4896H

Diageo PLC

22 February 2010

 



22 February 2010

Statement re Sichuan Chengdu Quanxing Group Company Ltd

As a shareholder in Sichuan Chengdu Quanxing Group Company Ltd, Diageo has today been a party to an announcement which was made by Sichuan Shuijingfang Company Ltd. (the 'Company') to the Shanghai Stock Exchange, in substance:

Prior to the start of share trading on the morning of 22 February 2010, the Company received a written notice from Sichuan Chengdu Quanxing Group Company Ltd ('Quanxing Group'), the biggest shareholder of the Company, informing the Company that the Chinese and foreign shareholders of Quanxing Group are engaged in formal discussions in respect of further cooperation to speed up development of their joint venture relating to Quanxing Group. The discussions are directly connected to the Company. Given that there remain quite a lot of uncertainties as to the matter, in order to avoid any fluctuation of the market price of the Company's shares and protect the interests of investors, according to the Company's application, the Company's share trading will be suspended today, until the resumption of trading on 2 March 2010 and the timely disclosure relating to the arrangement and progress of the situation.

- ENDS -

Investor enquiries:

Nick Temperley

[phone]

Sarah Paul

[phone]

[e-mail]

Media enquiries:

James Crampton

[phone]

[e-mail]

 

END

 

 

STRSESFDEFSSEIE