Transaction in Own Shares

Diageo PLC
22 December 2004



Diageo plc announces that it has today purchased through Cazenove & Co. Ltd
750,000 ordinary shares at a price of 729.816 pence per share. The purchased
shares will all be held as treasury shares.

Following the above purchase, Diageo plc holds 39,380,000 ordinary shares
as treasury shares. The total number of ordinary shares in issue (excluding
shares held as treasury shares) is 3,010,302,128


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