Redemption of Diageo Notes

RNS Number:7761F
Diageo PLC
29 November 2004

Re-release of RNS 7601F 12:22GMT today to facilitate onward transmission

                                                                29 November 2004

                               DIAGEO CAPITAL PLC


                           REDEMPTION OF DIAGEO NOTES




Diageo Capital plc has called all of its 4.80% Diageo Notes due December 3, 2012
(CUSIP: 25243FAX8), its 5.20% Diageo Notes due December 12, 2012 (CUSIP:
25243FAY6) and its 4.90% Diageo Notes due December 18, 2012 (CUSIP: 25243FAZ3)
for redemption on December 15, 2004. The Notes will be redeemed for 100% of
their unpaid principal amount together with unpaid interest accrued on such
principal amount to the date of redemption. Pursuant to the terms of the Notes,
the funds for redemption will be deposited with Citibank, N.A. in its capacity
as Paying Agent for the Notes.


                                     -ends-



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, and 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, brands and performance, visit us at www.diageo.com



For further information contact:



Mike Mulhall             Investor Relations   [phone]
[e-mail]

Kelly Padgett           Investor Relations   [phone]
[e-mail]

Isabelle Thomas      Media Relations     [phone]   [e-mail]


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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