AGM Statement

Diageo PLC
17 October 2006






                                                                 17 October 2006



DIAGEO CONFIRMS GUIDANCE FOR ORGANIC OPERATING PROFIT GROWTH OF AT LEAST 7% FOR
                               2007 FISCAL YEAR.



Diageo will hold its AGM at 2.30pm today at The Queen Elizabeth II Conference
Centre, Broad Sanctuary, Westminster, London SW1.  At the meeting Paul Walsh,
Chief Executive of Diageo, will make the following comments on the current
financial year:



'At our results presentation in August I said we expected organic net sales
growth in the 2007 fiscal year to be in line with the 6% we achieved in the year
ended June 2006 and that we planned to deliver organic operating profit growth
of at least 7% for the fiscal year ending June 2007.



'Trading in the first quarter supports that guidance and therefore we reiterate
that fiscal 07 guidance this afternoon.



'In North America, in this first quarter Diageo has again gained share in a
beverage alcohol market which continues to benefit from positive demographics
and the consumer's preference for premium brands.



'In Europe we have delivered a stronger performance in continental Europe and
double digit top line growth in Russia but this has been offset by weakness in
the Spanish premium drinks market and slower sales of Guinness in Ireland and
Great Britain.



'In International we have delivered further strong top line growth in the first
quarter. While our Middle East and global travel business has faced some
specific challenges in the quarter this was offset by continued strong growth in
Latin America.



'We ended the 2006 fiscal year with well-positioned brands and a more efficient
and effective organisation and we will build on those achievements in the
current fiscal year. We believe that this is the platform from which Diageo can
consistently deliver our top and bottom line goals. '



                                     -ends-



For further information



Investors enquiries:  Sandra Moura [phone]

                                 Darren Jones  [phone]
                                 Kelly Padgett [phone]
                                 [e-mail]



Media enquiries: Isabelle Thomas  [phone]
                                  [e-mail]



Notes to Editor:



Diageo is the world's leading premium drinks business.  With its global vision
and local marketing focus, Diageo brings to consumers an outstanding collection
of beverage alcohol brands across the spirits, wine and beer categories
including Smirnoff, Guinness, Johnnie Walker, Baileys, J&B, Cuervo, Captain
Morgan and Tanqueray as well as Beaulieu Vineyard and Sterling Vineyards wines.
Diageo trades in some 180 countries around the world and is listed on both the
New York Stock Exchange (DEO) and the London Stock Exchange (DGE).  For more
information about Diageo, its people, brand and performance, visit us at
www.diageo.com.



This document contains certain forward-looking statements within the meaning of
Section 27A of the US Securities Act of 1933 and Section 21E of the US
Securities Exchange Act of 1934.  These forward-looking statements can be
identified by the fact that they do not relate only to historical or current
facts.  In particular, all statements that express forecasts, expectations and
projections with respect to future matters, including trends in results of
operations, margins, growth rates and overall market trends are forward-looking
statements.  By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will
occur in the future. Diageo does not undertake to update forward-looking
statements to reflect any changes in events, conditions or circumstances on
which any such statement is based.  The reader should, however, consult any
additional disclosures that Diageo may make in documents it files with the US
Securities and Exchange Commission.






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