Diageo PLC

RE: DIAGEO FINANCE PLC
    EUR 300,000,000.00
    MATURING: 16-Oct-2006
    ISSUE DATE: 16-Oct-2003
    ISIN:XS0177979480

PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD 16-Jan-2004 TO
16-Apr-2004 HAS BEEN FIXED AT 2.186000 PCT.

INTEREST PAYABLE VALUE 16-Apr-2004 WILL AMOUNT TO EUR 5.53 PER
EUR 1,000.00 DENOMINATION.

IF YOU HAVE ANY QUERIES PLEASE CONTACT THE RATE FIX DESK ON TEL:
44 020 7508 3858/3855 OR FAX: 44 020 7508 3881.