Transaction in Own Shares

Diageo PLC
22 October 2004


Diageo plc announces that it has today purchased through Cazenove & Co. Ltd
2,500,000 ordinary shares at a price of 727.5882 pence per share. The purchased
shares will all be held as treasury shares.

Following the above purchase, Diageo plc holds 5,000,000 ordinary shares
as treasury shares. The total number of ordinary shares in issue (excluding
shares held as treasury shares) is 3,044,202,939.


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