16 September 2014

Not for distribution, directly or indirectly, in or into any jurisdiction in which such distribution would be unlawful.

Diageo Finance plc

Pre Stabilisation Notice

Goldman Sachs International hereby gives notice that the Stabilising Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

In connection with the offer of the securities, the Stabilising Manager(s) may over-allot

the securities or effect transactions with a view to supporting the market price of the securities at

a level higher than that which might otherwise prevail. However, there is no assurance that the

Stabilising Manager(s) will take any stabilisation action and any stabilisation action, if begun,

may be ended at any time.

This announcement is for information purposes only and does not constitute an invitation or

offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer

in any jurisdiction.

This announcement and the offer of the securities to which it relates are only addressed to and

directed at persons outside the United Kingdom and persons in the United Kingdom who have

professional experience in matters related to investments or who are high net worth persons

within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order

2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the

securities to which it relates is made in, any EEA Member State that has implemented Directive

2003/71/EC (together with any applicable implementing measures in any Member State, the

"Prospectus Directive") before the publication of a prospectus in relation to the securities which

has been approved by the competent authority in that Member State in accordance with the

Prospectus Directive (or which has been approved by a competent authority in another Member

State and notified to the competent authority in that Member State in accordance with the

Prospectus Directive), this announcement and the offer are only addressed to and directed at

persons in that Member State who are qualified investors within the meaning of the Prospectus

Directive (or who are other persons to whom the offer may lawfully be addressed) and must not

be acted on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.