240.4EUm

BUSINESS PERFORMANCE AT A GLANCE

Diageo is a global leader in beverage alcohol with iconic brands across spirits and beer. These brands include Johnnie Walker, Crown Royal, JB, Buchanan's and Windsor whiskies, Smirnoff, Ketel One and C?roc vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company, and our products are sold in more than 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). We employ approximately 30,000 talented people worldwide with offices in around 80 countries. Our manufacturing facilities are located across the globe including

Great Britain, Ireland, United States, Canada, Italy, Africa, Australia and Latin America and Caribbean. Diageo was formed in 1997, following the merger of GrandMet and Guinness, and is headquartered in London. The word Diageo comes from the Latin for day (dia) and the Greek for world (geo). We take this to mean every day, everywhere, people celebrate with our brands.

Javier Ferr?n Chairman

Ivan Menezes Chief Executive

Kathryn Mikells Chief Financial Officer

Appointed Chairman of Diageo plc on 1 January 2017, having been a Non-Executive Director since July 2016. Current external appointments: Partner, Lion Capital LLP; Non-Executive Director, Associated British Foods plc; Non-Executive Director, Coca-Cola European Partners; Member ? ESADE Business School. Previous Relevant experience: Member, Advisory Board of Agrolimen; Non-Executive Director, Desigual; President and CEO, Bacardi Limited; Non-Executive Director, SAB Miller plc.

Ivan Menezes was appointed Chief Executive of Diageo plc in July 2013, having been an Executive Director since July 2012. Current external appointments: Member of the Council, Scotch Whisky Association; NonExecutive Director, Tapestry Inc.; Global Advisory Board, Kellogg School of Management, Northwestern University; Chairman, Movement to Work; Chair, International Alliance for Responsible Drinking, CEO Group. Previous Diageo roles: Chief Operating Officer, Diageo plc; President, North America; Chairman, Diageo Asia Pacific; Chairman, Diageo Latin America and Caribbean; Senior management positions, Guinness and then Diageo. Previous relevant experience: Marketing and strategy roles, Nestle, Booz Allen Hamilton Inc. and Whirlpool.

Appointed Chief Financial Officer and a Director of Diageo plc in November 2015. Current external appointment: The Hartford Financial Services Group. Previous relevant experience: Corporate Executive Vice President and Chief Financial Officer, Xerox Corporation; Senior Vice President and Chief Financial Officer, ADT Corporation; Executive Vice President and Chief Financial Officer, Nalco Holding Company; Executive Vice President and Chief Financial Officer, United Airlines.

Members of Executive Committee and Board of Directors

Ivan Menezes Chief Executive

Victoria Frame Group Strategy Director

Kathryn Mikells Chief Financial Officer

Brian Franz Chief Productivity Officer

David Cutter President, Global Supply and Procurement

Alberto Gavazzi President, Latin America and Caribbean

Sam Fischer President, Greater China and Asia

John Kennedy President Europe, Turkey and India

Anand Kripalu CEO, USL

Deirdre Mahlan President, North America

Dan Mobley Corporate Relations Director

Siobhan Moriarty General Counsel

Mair?ad Nayager Human Resources Director

John O'Keeffe President, Africa

Syl Saller Chief Marketing Officer

Non-Executive Directors

Javier Ferr?n Peggy B Bruzelius Lord Davies of Abersoch Betsy D Holden Ho KwonPing Nicola S Mendelsohn Alan JH Stewart Susan Kilsby

PRELIMINARY RESULTS 2018 YEAR ENDED 30 JUNE 2018

These results demonstrate continued positive momentum from the consistent and rigorous execution of our strategy. We have delivered broad based improvement in both organic volume and net sales growth.

Volume

240.4EUm +2%**

2017: 242.2EUm

Net sales*

?12,163m +5%**

2017: ?12,050m

Operating profit Before exceptional items

?3,819m +8%**

2017: ?3,601m

Earnings per share Before exceptional items

118.6p +9%***

2017: 108.5p

* Sales after excise duties ** Organic *** Reported

Net sales and growth by region (%)

North America

Growth** +4%

Europe and Turkey

+4%

Africa

+3%

Latin America and Caribbean +7%

Asia Pacific

+9%

Operating profit by region Before operating exceptional items (%)

North America

Growth** +2%

Europe and Turkey

+8%

Africa

-5%

Latin America and Caribbean +19%

Asia Pacific

+19%

Net sales by categories (%)**

Scotch 2% Vodka -1% US Whiskey 7% Canadian Whisky 2% Rum 1% IMFL Whisky 8%

Liqueurs 6% Gin 16% Tequila 40% Beer 4% Ready to drink 4% Other (calculated as remaining)

Diageo's performance ambition is to become one of the best performing, most trusted and respected consumer goods companies in the world, through six executional priorities:

Keep premium core vibrant

Drive innovation at scale

Increase participation in mainstream spirits

Build an advantaged route to consumer

Continue to win in reserve

Embed productivity to drive out costs and invest in growth

BUSINESS PERFORMANCE AT A GLANCE

Global giants* (Represents 41% of Diageo net sales and grew at 4%)

Reserve* (Represents 18% of Diageo net sales and grew 14%) **

Volume

3%

Net sales

5%

Volume

?

Net sales

(2)%

Volume

6%

Net sales

6%

Volume

1%

Net sales

1%

Volume

1%

Net sales

(2)%

Volume

3%

Net sales

(1)%

Local stars* (Represents 20% of Diageo net sales and grew 6%)

Volume

6%

Net sales

2%

Volume

14%

Net sales

15%

Volume

3%

Net sales

5%

Volume

1%

Net sales

3%

Volume

?

Net sales

10%

Volume

(3)%

Net sales

(2)%

PRELIMINARY RESULTS 2018 YEAR ENDED 30 JUNE 2018

Volume

34%

Net sales

39%

Volume

9%

Net sales

11%

Volume

(5)%

Net sales

(9)%

Volume

(13)%

Net sales

(19)%

Volume

(3)%

Net sales

(9)%

Volume

?

Net sales

8%

Volume

(3)%

Net sales

(4)%

***

from China's First Baijiu Distillery

Volume

50%

Net sales

63%

Volume

26%

Net sales

33%

Volume

2%

Net sales

2%

* Spirits brands excluding ready to drink

Organic equals reported volume movement except for McDowell's (9)% and Scotch malts 2% which were impacted by the move from an owned to a franchise model in India.

** Numbers refer to Diageo scotch malts

***Organic growth figures represent total Chinese white spirits of which Shui Jing Fang is the predominant brand

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