Grand Metropolitan shareholders APPENDIX 6 Information to assist shareholders whose Diageo plc shares were acquired in exchange for

Grand Metropolitan PLC Ordinary shares Acquisition of Grand Metropolitan PLC by Diageo plc Diageo plc acquired the entire issued share capital of Grand Metropolitan Public Limited Company during 1997, offering 1 Diageo plc share for every 1 Grand Metropolitan Public Limited Company share. 31 March 1982 Market Value The starting point for the 31 March 1982 market value attributable to Diageo plc ordinary shares acquired in exchange for Grand Metropolitan Public Limited Company Ordinary shares originally held at 31 March 1982 is 2.13. However this value should be adjusted for the effects of the following subsequent events: Year Date 1982 1984 1986 1988 1989 Event Payment Date 18 June Record 21 May 27 January 31 January 28 September 30 September 30 September

Rights issue of 1 for 7 at 174p Capitalisation issue of 1 for 5 Capitalisation Issue of 1 for 10 Rights Issue of 1 Unit of 5.75 Convertible Unsecured Loan Stock 1989 for 7 Ordinary Shares at 400p Conversion of 1 unit of 5.75% 1989 convertible Unsecured Loan stock 1989 into 1 Ordinary Share

200p 28 October 200p 2 June 1989 -

Capitalisation issues under the Share Dividend Plan 1990 1990 1991 1992 1992 1992 1992 1993 1993 1994 1994 1995 1995 1996 Final for 1989 1 for 54.2 Interim for 1990 1 for 84.68421 Interim for 1991 1 for 93 52381 Final for 1990 1 for 50.26563* Final for 1991 2 for 64.86713* Sub-division of Ordinary Shares of 50p into 2 Ordinary shares of 25p Interim for 1992 - 1 for 90.652171 Final for 1992 - 1 for 56.93506* Interim for 1993 - 1 for 82.14433* Final for 1993 - 1 for 55.43588* Interim for 1994 -1 for 85.20388* Final for 1994 - 1 for 43.386* Interim for 1995 - 1 for 73.49091* Final for 1995 - 1 for 46.70213* 9 April 1 October 7 October 8 April 6 April 5 October 13 April 4 October 11 April 3 October 10 April 2 October 9 April 9 February 3 August 9 August 25 January 24 January 15 April 7 August 22 January 6 August 28 January 22 July 26 January 25 July 10 January

1996 Interim for 1996 - 1 for 80.17094* 7 October 30 July 1997 Final for 1996 - 1 for 44.68657* 7 April 14 January Interim for 1997 - No Scrip 1997 6 October 25 July Dividend Offered# * Ignoring the effect of fractional entitlements to shares brought forward # Paid as a Foreign Income Dividend ('FID') The 31 March 1982 market value of each Grand Metropolitan Public Limited Company share held at 31 March 1982 will vary, depending on the extent to which the various rights issues and capitalisation issues under the Share Dividend Plan were taken up. Accordingly, it is not possible to give comprehensive guidance on the 31 March 1982 market value per share. However, the following information may be helpful to shareholders: The 31 March 1982 market value of one Grand Metropolitan Public Limited Company Ordinary share following the take up of the May 1982 1 for 7 rights issue and the September 1988 5.75% Convertible Unsecured Loan Stock rights issue is 2.39248 (including indexation to September 1988). Further to the 15 April 1992 sub-division of the 0.50p Ordinary shares into two 0.25p Ordinary shares, this becomes 1.19624 per share. The 31 March 1982 market value of one Grand Metropolitan Public Limited Company Ordinary share acquired on conversion of the 5.75% Convertible Unsecured Loan Stock (acquired as set out above) on 30 September 1989 was 2.41684 (including indexation to 30 September 1989). Further to the 15 April 1992 sub-division of the 0.50p Ordinary shares into two 0.25p ordinary shares, this becomes 1.20842 per share. The market value of the Ordinary shares and Convertible Unsecured Loan Stock on the first day of trading following the listing of the Convertible Unsecured Loan Stock was: Ordinary shares 442.00p Convertible Unsecured Loan Stock (nil paid) 46.50p

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