Transaction in Own Shares

Diageo PLC
17 December 2004



Diageo plc announces that it has today purchased through Cazenove & Co. Ltd
1,000,000 ordinary shares at a price of 735.2747 pence per share. The purchased
shares will all be held as treasury shares.

Following the above purchase, Diageo plc holds 36,805,000 ordinary shares
as treasury shares. The total number of ordinary shares in issue (excluding
shares held as treasury shares) is 3,012,877,128



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