|  |  |  |
|--|--|--|
|  |

|  |  |  |
|--|--|--|
|  |

|  |  |  |
|--|--|--|
|  |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 1 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 2 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                    |                                      |                                   |                                      |                                   |                                       |  |            |  |            |  |  |  |  |  |  |  |  |
|------------------------------------|--------------------------------------|-----------------------------------|--------------------------------------|-----------------------------------|---------------------------------------|--|------------|--|------------|--|--|--|--|--|--|--|--|
|                                    | Year ended              30 June 2023 | Six months ended 31 December 2022 | Year ended              30 June 2022 | Six months ended 31 December 2021 | Year ended               30 June 2021 |
| Sterling                           |                                      |                                   |                                      |                                   |                                       |
| Income statement and cash flows(1) | 0.83                            |                                   | 0.85                            |                                   | 0.75                             |  | 0.74  |  | 0.74  |  |
| Assets and liabilities(2)          | 0.79                            |                                   | 0.83                            |                                   | 0.83                             |  | 0.74  |  | 0.72  |  |
| Euro                               |                                      |                                   |                                      |                                   |                                       |
| Income statement and cash flows(1) | 0.96                            |                                   | 0.98                            |                                   | 0.89                             |  | 0.86  |  | 0.84  |  |
| Assets and liabilities(2)          | 0.93                            |                                   | 0.94                            |                                   | 0.96                             |  | 0.88  |  | 0.84  |  |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 3 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                             |  |  |  |                         |                                   |                         |  |              |  |  |  |  |  |  |
|-------------------------------------------------------------|--|--|--|-------------------------|-----------------------------------|-------------------------|--|--------------|--|--|--|--|--|--|
|                                                             |  |  |  | Year ended 30 June 2023 | Year ended           30 June 2022 | Year ended 30 June 2021 |
|                                                             |  |  |  | Re-presented$ million   | Re-presented$ million             | Re-presented$ million   |
|                                                             |  |  |  |                         |                                   |                         |
| Sales                                                       |  |  |  | 28,270             |                                   | 29,751             |  | 25,858  |  |
| Excise duties                                               |  |  |  | (7,715)                 |                                   | (9,235)                 |  | (8,667)      |  |
| Net sales                                                   |  |  |  | 20,555             |                                   | 20,516             |  | 17,191  |  |
| Cost of sales                                               |  |  |  | (8,289)                 |                                   | (7,923)                 |  | (6,803)      |  |
| Gross profit                                                |  |  |  | 12,266             |                                   | 12,593             |  | 10,388  |  |
| Marketing                                                   |  |  |  | (3,663)                 |                                   | (3,616)                 |  | (2,920)      |  |
| Other operating items                                       |  |  |  | (3,056)                 |                                   | (3,080)                 |  | (2,432)      |  |
| Operating profit                                            |  |  |  | 5,547              |                                   | 5,897              |  | 5,036   |  |
| Non-operating items                                         |  |  |  | 364                |                                   | (88)                    |  | 20      |  |
| Finance income                                              |  |  |  | 409                |                                   | 661                |  | 377     |  |
| Finance charges                                             |  |  |  | (1,121)                 |                                   | (1,217)                 |  | (881)        |  |
| Share of after tax results of associates and joint ventures |  |  |  | 443                |                                   | 555                |  | 452     |  |
| Profit before taxation                                      |  |  |  | 5,642              |                                   | 5,808              |  | 5,004   |  |
| Taxation                                                    |  |  |  | (1,163)                 |                                   | (1,398)                 |  | (1,222)      |  |
|                                                             |  |  |  |                         |                                   |                         |
|                                                             |  |  |  |                         |                                   |                         |
| Profit for the year                                         |  |  |  | 4,479              |                                   | 4,410              |  | 3,782   |  |
|                                                             |  |  |  |                         |                                   |                         |
| Attributable to:                                        |  |  |  |                         |                                   |                         |
| Equity shareholders of the parent company                   |  |  |  | 4,445              |                                   | 4,280              |  | 3,595   |  |
|                                                             |  |  |  |                         |                                   |                         |
| Non-controlling interests                                   |  |  |  | 34                 |                                   | 130                |  | 187     |  |
|                                                             |  |  |  | 4,479              |                                   | 4,410              |  | 3,782   |  |
|                                                             |  |  |  |                         |                                   |                         |
| Weighted average number of shares                           |  |  |  | million                 | million                           | million                 |
| Shares in issue excluding own shares                        |  |  |  | 2,264              |                                   | 2,318              |  | 2,337   |  |
| Dilutive potential ordinary shares                          |  |  |  | 7                  |                                   | 7                  |  | 8       |  |
|                                                             |  |  |  | 2,271              |                                   | 2,325              |  | 2,345   |  |
|                                                             |  |  |  |                         |                                   |                         |
|                                                             |  |  |  | cents                   | cents                             | cents                   |
| Basic earnings per share                                    |  |  |  | 196.3              |                                   | 184.6              |  | 153.8   |  |
|                                                             |  |  |  |                         |                                   |                         |
|                                                             |  |  |  |                         |                                   |                         |
|                                                             |  |  |  |                         |                                   |                         |
| Diluted earnings per share                                  |  |  |  | 195.7              |                                   | 184.1              |  | 153.3   |  |
|                                                             |  |  |  |                         |                                   |                         |
|                                                             |  |  |  |                         |                                   |                         |
|                                                             |  |  |  |                         |                                   |                         |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 4 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                             |  |  |  |                                   |  |                                   |              |  |  |  |  |  |
|-------------------------------------------------------------|--|--|--|-----------------------------------|--|-----------------------------------|--------------|--|--|--|--|--|
|                                                             |  |  |  | Six months ended 31 December 2022 |  | Six months ended 31 December 2021 |
|                                                             |  |  |  | Re-presented$ million             |  | Re-presented$ million             |
|                                                             |  |  |  |                                   |  |                                   |
| Sales                                                       |  |  |  | 15,611                       |  |                                   | 15,984  |  |
| Excise duties                                               |  |  |  | (4,491)                           |  |                                   | (5,163)      |  |
| Net sales                                                   |  |  |  | 11,120                       |  |                                   | 10,821  |  |
| Cost of sales                                               |  |  |  | (4,279)                           |  |                                   | (4,018)      |  |
| Gross profit                                                |  |  |  | 6,841                        |  |                                   | 6,803   |  |
| Marketing                                                   |  |  |  | (1,861)                           |  |                                   | (1,837)      |  |
| Other operating items                                       |  |  |  | (1,249)                           |  |                                   | (1,236)      |  |
| Operating profit                                            |  |  |  | 3,731                        |  |                                   | 3,730   |  |
| Non-operating items                                         |  |  |  | 19                           |  |                                   | (42)         |  |
| Finance income                                              |  |  |  | 303                          |  |                                   | 177     |  |
| Finance charges                                             |  |  |  | (648)                             |  |                                   | (422)        |  |
| Share of after tax results of associates and joint ventures |  |  |  | 202                          |  |                                   | 258     |  |
| Profit before taxation                                      |  |  |  | 3,607                        |  |                                   | 3,701   |  |
| Taxation                                                    |  |  |  | (766)                             |  |                                   | (862)        |  |
|                                                             |  |  |  |                                   |  |                                   |
|                                                             |  |  |  |                                   |  |                                   |
| Profit for the period                                       |  |  |  | 2,841                        |  |                                   | 2,839   |  |
|                                                             |  |  |  |                                   |  |                                   |
| Attributable to:                                        |  |  |  |                                   |  |                                   |
| Equity shareholders of the parent company                   |  |  |  | 2,709                        |  |                                   | 2,673   |  |
|                                                             |  |  |  |                                   |  |                                   |
| Non-controlling interests                                   |  |  |  | 132                          |  |                                   | 166     |  |
|                                                             |  |  |  | 2,841                        |  |                                   | 2,839   |  |
|                                                             |  |  |  |                                   |  |                                   |
| Weighted average number of shares                           |  |  |  | million                           |  | million                           |
| Shares in issue excluding own shares                        |  |  |  | 2,274                        |  |                                   | 2,331   |  |
| Dilutive potential ordinary shares                          |  |  |  | 7                            |  |                                   | 8       |  |
|                                                             |  |  |  | 2,281                        |  |                                   | 2,339   |  |
|                                                             |  |  |  |                                   |  |                                   |
|                                                             |  |  |  | cents                             |  | cents                             |
| Basic earnings per share                                    |  |  |  | 119.1                        |  |                                   | 114.7   |  |
|                                                             |  |  |  |                                   |  |                                   |
|                                                             |  |  |  |                                   |  |                                   |
|                                                             |  |  |  |                                   |  |                                   |
| Diluted earnings per share                                  |  |  |  | 118.8                        |  |                                   | 114.3   |  |
|                                                             |  |  |  |                                   |  |                                   |
|                                                             |  |  |  |                                   |  |                                   |
|                                                             |  |  |  |                                   |  |                                   |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 5 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                              |  |                       |                       |                       |                       |                       |                       |              |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|-----------------------|-----------------------|-----------------------|-----------------------|-----------------------|-----------------------|--------------|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                              |  | 30 June 2023          | 31 December 2022      | 30 June 2022          |                       |
|                                              |  | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million |              |              |
| Non-current assets                           |  |                       |                       |                       |                       |                       |                       |              |              |
| Intangible assets                            |  | 14,506           |                       |                       | 14,556           |                       |                       | 14,401  |              |  |  |  |
| Property, plant and equipment                |  | 7,738            |                       |                       | 7,168            |                       |                       | 7,076   |              |  |  |  |
| Biological assets                            |  | 197              |                       |                       | 143              |                       |                       | 114     |              |  |  |  |
| Investments in associates and joint ventures |  | 4,825            |                       |                       | 4,710            |                       |                       | 4,418   |              |  |  |  |
| Other investments                            |  | 71               |                       |                       | 50               |                       |                       | 45      |              |  |  |  |
| Other receivables                            |  | 39               |                       |                       | 33               |                       |                       | 45      |              |  |  |  |
| Other financial assets                       |  | 497              |                       |                       | 479              |                       |                       | 418     |              |  |  |  |
| Deferred tax assets                          |  | 178              |                       |                       | 127              |                       |                       | 138     |              |  |  |  |
| Post employment benefit assets               |  | 1,210            |                       |                       | 1,272            |                       |                       | 1,878   |              |  |  |  |
|                                              |  |                       | 29,261           |                       |                       | 28,538           |                       |              | 28,533  |  |  |  |
| Current assets                               |  |                       |                       |                       |                       |                       |                       |              |              |
| Inventories                                  |  | 9,653            |                       |                       | 9,062            |                       |                       | 8,584   |              |  |  |  |
| Trade and other receivables                  |  | 3,427            |                       |                       | 4,648            |                       |                       | 3,549   |              |  |  |  |
| Assets held for sale                         |  | —          |                       |                       | 220              |                       |                       | 269     |              |  |  |  |
| Corporate tax receivables                    |  | 292              |                       |                       | 199              |                       |                       | 180     |              |  |  |  |
| Other financial assets                       |  | 437              |                       |                       | 479              |                       |                       | 303     |              |  |  |  |
| Cash and cash equivalents                    |  | 1,813            |                       |                       | 3,319            |                       |                       | 2,765   |              |  |  |  |
|                                              |  |                       | 15,622           |                       |                       | 17,927           |                       |              | 15,650  |  |  |  |
| Total assets                                 |  |                       | 44,883           |                       |                       | 46,465           |                       |              | 44,183  |  |  |  |
| Current liabilities                          |  |                       |                       |                       |                       |                       |                       |              |              |
| Borrowings and bank overdrafts               |  | (2,142)               |                       |                       | (2,767)               |                       |                       | (1,842)      |              |  |  |  |
| Other financial liabilities                  |  | (453)                 |                       |                       | (524)                 |                       |                       | (538)        |              |  |  |  |
| Share buyback liability                      |  | —          |                       |                       | (259)                 |                       |                       | (141)        |              |  |  |  |
| Trade and other payables                     |  | (6,678)               |                       |                       | (7,332)               |                       |                       | (7,123)      |              |  |  |  |
| Liabilities held for sale                    |  | —          |                       |                       | (92)                  |                       |                       | (74)         |              |  |  |  |
| Corporate tax payables                       |  | (170)                 |                       |                       | (319)                 |                       |                       | (305)        |              |  |  |  |
| Provisions                                   |  | (150)                 |                       |                       | (135)                 |                       |                       | (192)        |              |  |  |  |
|                                              |  |                       | (9,593)               |                       |                       | (11,428)              |                       |              | (10,215)     |  |  |  |
| Non-current liabilities                      |  |                       |                       |                       |                       |                       |                       |              |              |
| Borrowings                                   |  | (18,649)              |                       |                       | (18,365)              |                       |                       | (17,543)     |              |  |  |  |
| Other financial liabilities                  |  | (941)                 |                       |                       | (925)                 |                       |                       | (850)        |              |  |  |  |
| Other payables                               |  | (463)                 |                       |                       | (424)                 |                       |                       | (459)        |              |  |  |  |
| Provisions                                   |  | (306)                 |                       |                       | (319)                 |                       |                       | (312)        |              |  |  |  |
| Deferred tax liabilities                     |  | (2,751)               |                       |                       | (2,708)               |                       |                       | (2,807)      |              |  |  |  |
| Post employment benefit liabilities          |  | (471)                 |                       |                       | (457)                 |                       |                       | (486)        |              |  |  |  |
|                                              |  |                       | (23,581)              |                       |                       | (23,198)              |                       |              | (22,457)     |  |  |  |
| Total liabilities                            |  |                       | (33,174)              |                       |                       | (34,626)              |                       |              | (32,672)     |  |  |  |
| Net assets                                   |  |                       | 11,709           |                       |                       | 11,839           |                       |              | 11,511  |  |  |  |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |
| Total equity                                 |  |                       | 11,709           |                       |                       | 11,839           |                       |              | 11,511  |  |  |  |
|                                              |  |                       |                       |                       |                       |                       |                       |              |              |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 6 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                              |  |                       |                       |              |  |                       |                       |              |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------|--|-----------------------|-----------------------|--------------|--|-----------------------|-----------------------|--------------|--|--|--|--|--|--|--|--|--|--|--|
|                                              |  | 31 December 2021      |                       | 30 June 2021 |  |
|                                              |  | Re-presented$ million | Re-presented$ million |              |  | Re-presented$ million | Re-presented$ million |              |  |
| Non-current assets                           |  |                       |                       |              |  |                       |                       |              |  |
| Intangible assets                            |  | 14,744           |                       |              |  |                       | 14,962           |              |  |  |  |
| Property, plant and equipment                |  | 6,870            |                       |              |  |                       | 6,741            |              |  |  |  |
| Biological assets                            |  | 102              |                       |              |  |                       | 93               |              |  |  |  |
| Investments in associates and joint ventures |  | 4,688            |                       |              |  |                       | 4,597            |              |  |  |  |
| Other investments                            |  | 67               |                       |              |  |                       | 56               |              |  |  |  |
| Other receivables                            |  | 38               |                       |              |  |                       | 50               |              |  |  |  |
| Other financial assets                       |  | 432              |                       |              |  |                       | 454              |              |  |  |  |
| Deferred tax assets                          |  | 112              |                       |              |  |                       | 139              |              |  |  |  |
| Post employment benefit assets               |  | 2,084            |                       |              |  |                       | 1,414            |              |  |  |  |
|                                              |  |                       | 29,137           |              |  |                       |                       | 28,506  |  |  |  |
| Current assets                               |  |                       |                       |              |  |                       |                       |              |  |
| Inventories                                  |  | 8,418            |                       |              |  |                       | 8,402            |              |  |  |  |
| Trade and other receivables                  |  | 4,493            |                       |              |  |                       | 3,315            |              |  |  |  |
| Assets held for sale                         |  | 22               |                       |              |  |                       | —          |              |  |  |  |
| Corporate tax receivables                    |  | 204              |                       |              |  |                       | 202              |              |  |  |  |
| Other financial assets                       |  | 89               |                       |              |  |                       | 169              |              |  |  |  |
| Cash and cash equivalents                    |  | 2,404            |                       |              |  |                       | 3,821            |              |  |  |  |
|                                              |  |                       | 15,630           |              |  |                       |                       | 15,909  |  |  |  |
| Total assets                                 |  |                       | 44,767           |              |  |                       |                       | 44,415  |  |  |  |
| Current liabilities                          |  |                       |                       |              |  |                       |                       |              |  |
| Borrowings and bank overdrafts               |  | (1,600)               |                       |              |  |                       | (2,589)               |              |  |  |  |
| Other financial liabilities                  |  | (524)                 |                       |              |  |                       | (357)                 |              |  |  |  |
| Share buyback liability                      |  | (248)                 |                       |              |  |                       | (127)                 |              |  |  |  |
| Trade and other payables                     |  | (7,191)               |                       |              |  |                       | (6,459)               |              |  |  |  |
| Liabilities held for sale                    |  | (41)                  |                       |              |  |                       | —          |              |  |  |  |
| Corporate tax payables                       |  | (513)                 |                       |              |  |                       | (203)                 |              |  |  |  |
| Provisions                                   |  | (149)                 |                       |              |  |                       | (192)                 |              |  |  |  |
|                                              |  |                       | (10,266)              |              |  |                       |                       | (9,927)      |  |  |  |
| Non-current liabilities                      |  |                       |                       |              |  |                       |                       |              |  |
| Borrowings                                   |  | (17,135)              |                       |              |  |                       | (17,883)              |              |  |  |  |
| Other financial liabilities                  |  | (511)                 |                       |              |  |                       | (534)                 |              |  |  |  |
| Other payables                               |  | (375)                 |                       |              |  |                       | (470)                 |              |  |  |  |
| Provisions                                   |  | (376)                 |                       |              |  |                       | (380)                 |              |  |  |  |
| Deferred tax liabilities                     |  | (2,851)               |                       |              |  |                       | (2,704)               |              |  |  |  |
| Post employment benefit liabilities          |  | (656)                 |                       |              |  |                       | (798)                 |              |  |  |  |
|                                              |  |                       | (21,904)              |              |  |                       |                       | (22,769)     |  |  |  |
| Total liabilities                            |  |                       | (32,170)              |              |  |                       |                       | (32,696)     |  |  |  |
| Net assets                                   |  |                       | 12,597           |              |  |                       |                       | 11,719  |  |  |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |
| Total equity                                 |  |                       | 12,597           |              |  |                       |                       | 11,719  |  |  |  |
|                                              |  |                       |                       |              |  |                       |                       |              |  |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 7 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |  |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------|--|--|-------------------------|--|-------------------------|-------------------------|-----------------------|--|-----------------------|-------------|-----------------------|-----------------------|--|-----------------------|--|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                    |  |  | Year ended 30 June 2023 |  | Year ended 30 June 2022 | Year ended 30 June 2021 |
|                                                                    |  |  |                         |  | Re-presented$ million   |                         | Re-presented$ million |  | Re-presented$ million |             | Re-presented$ million | Re-presented$ million |  | Re-presented$ million |
| Cash flows from operating activities                               |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
| Profit for the year                                                |  |  |                         |  | 4,479              |                         |                       |  |                       | 4,410  |                       |                       |  | 3,782            |  |             |  |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
| Taxation                                                           |  |  |                         |  | 1,163              |                         |                       |  |                       | 1,398  |                       |                       |  | 1,222            |  |             |  |
| Share of after tax results of associates and joint ventures        |  |  |                         |  | (443)                   |                         |                       |  |                       | (555)       |                       |                       |  | (452)                 |  |             |  |
| Net finance charges                                                |  |  |                         |  | 712                |                         |                       |  |                       | 556    |                       |                       |  | 504              |  |             |  |
| Non-operating items                                                |  |  |                         |  | (364)                   |                         |                       |  |                       | 88     |                       |                       |  | (20)                  |  |             |  |
| Operating profit                                                   |  |  |                         |  |                         |                         | 5,547            |  |                       |             |                       | 5,897            |  |                       |  | 5,036  |  |
| Increase in inventories                                            |  |  |                         |  | (810)                   |                         |                       |  |                       | (984)       |                       |                       |  | (597)                 |  |             |  |
| Decrease/(increase) in trade and other receivables             |  |  |                         |  | 142                |                         |                       |  |                       | (502)       |                       |                       |  | (602)                 |  |             |  |
| (Decrease)/increase in trade and other payables and provisions |  |  |                         |  | (746)                   |                         |                       |  |                       | 1,245  |                       |                       |  | 1,645            |  |             |  |
| Net (increase)/decrease in working capital                     |  |  |                         |  |                         |                         | (1,414)               |  |                       |             |                       | (241)                 |  |                       |  | 446    |  |
| Depreciation, amortisation and impairment                          |  |  |                         |  | 1,297              |                         |                       |  |                       | 1,064  |                       |                       |  | 604              |  |             |  |
| Dividends received                                                 |  |  |                         |  | 271                |                         |                       |  |                       | 238    |                       |                       |  | 391              |  |             |  |
| Post employment payments less amounts included in operating profit |  |  |                         |  | (31)                    |                         |                       |  |                       | (119)       |                       |                       |  | (40)                  |  |             |  |
| Other items                                                        |  |  |                         |  | 74                 |                         |                       |  |                       | 70     |                       |                       |  | 120              |  |             |  |
|                                                                    |  |  |                         |  |                         |                         | 1,611            |  |                       |             |                       | 1,253            |  |                       |  | 1,075  |  |
| Cash generated from operations                                     |  |  |                         |  |                         |                         | 5,744            |  |                       |             |                       | 6,909            |  |                       |  | 6,557  |  |
| Interest received                                                  |  |  |                         |  | 157                |                         |                       |  |                       | 146    |                       |                       |  | 120              |  |             |  |
| Interest paid                                                      |  |  |                         |  | (822)                   |                         |                       |  |                       | (582)       |                       |                       |  | (595)                 |  |             |  |
| Taxation paid                                                      |  |  |                         |  | (1,443)                 |                         |                       |  |                       | (1,260)     |                       |                       |  | (1,150)               |  |             |  |
|                                                                    |  |  |                         |  |                         |                         | (2,108)               |  |                       |             |                       | (1,696)               |  |                       |  | (1,625)     |  |
| Net cash inflow from operating activities                          |  |  |                         |  |                         |                         | 3,636            |  |                       |             |                       | 5,213            |  |                       |  | 4,932  |  |
| Cash flows from selected investing activities                      |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
| Disposal of property, plant and equipment and computer software    |  |  |                         |  | 16                 |                         |                       |  |                       | 23     |                       |                       |  | 18               |  |             |  |
| Purchase of property, plant and equipment and computer software    |  |  |                         |  | (1,417)                 |                         |                       |  |                       | (1,457)     |                       |                       |  | (844)                 |  |             |  |
| Movements in loans and other investments                           |  |  |                         |  | (68)                    |                         |                       |  |                       | (96)        |                       |                       |  | (7)                   |  |             |  |
| Free cash flow                                                     |  |  |                         |  |                         |                         | 2,167            |  |                       |             |                       | 3,683            |  |                       |  | 4,099  |  |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |
|                                                                    |  |  |                         |  |                         |                         |                       |  |                       |             |                       |                       |  |                       |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 8 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|--------------------------------------------------------------------|--|--|-----------------------------------|--|-----------------------|-----------------------------------|-----------------------|--|--|--|--|-----------------------|-------------|-----------------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                    |  |  | Six months ended 31 December 2022 |  |                       | Six months ended 31 December 2021 |
|                                                                    |  |  |                                   |  | Re-presented$ million |                                   | Re-presented$ million |  |  |  |  | Re-presented$ million |             | Re-presented$ million |
| Cash flows from operating activities                               |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
| Profit for the period                                              |  |  |                                   |  | 2,841            |                                   |                       |  |  |  |  |                       | 2,839  |                       |             |  |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
| Taxation                                                           |  |  |                                   |  | 766              |                                   |                       |  |  |  |  |                       | 862    |                       |             |  |
| Share of after tax results of associates and joint ventures        |  |  |                                   |  | (202)                 |                                   |                       |  |  |  |  |                       | (258)       |                       |             |  |
| Net finance charges                                                |  |  |                                   |  | 345              |                                   |                       |  |  |  |  |                       | 245    |                       |             |  |
| Non-operating items                                                |  |  |                                   |  | (19)                  |                                   |                       |  |  |  |  |                       | 42     |                       |             |  |
| Operating profit                                                   |  |  |                                   |  |                       |                                   | 3,731            |  |  |  |  |                       |             |                       | 3,730  |  |
| Increase in inventories                                            |  |  |                                   |  | (552)                 |                                   |                       |  |  |  |  |                       | (254)       |                       |             |  |
| Increase in trade and other receivables                            |  |  |                                   |  | (1,191)               |                                   |                       |  |  |  |  |                       | (1,327)     |                       |             |  |
| Increase in trade and other payables and provisions                |  |  |                                   |  | 131              |                                   |                       |  |  |  |  |                       | 888    |                       |             |  |
| Net increase in working capital                                    |  |  |                                   |  |                       |                                   | (1,612)               |  |  |  |  |                       |             |                       | (693)       |  |
| Depreciation, amortisation and impairment                          |  |  |                                   |  | 332              |                                   |                       |  |  |  |  |                       | 304    |                       |             |  |
| Dividends received                                                 |  |  |                                   |  | 5                |                                   |                       |  |  |  |  |                       | 2      |                       |             |  |
| Post employment payments less amounts included in operating profit |  |  |                                   |  | (27)                  |                                   |                       |  |  |  |  |                       | (31)        |                       |             |  |
| Other items                                                        |  |  |                                   |  | 9                |                                   |                       |  |  |  |  |                       | 47     |                       |             |  |
|                                                                    |  |  |                                   |  |                       |                                   | 319              |  |  |  |  |                       |             |                       | 322    |  |
| Cash generated from operations                                     |  |  |                                   |  |                       |                                   | 2,438            |  |  |  |  |                       |             |                       | 3,359  |  |
| Interest received                                                  |  |  |                                   |  | 78               |                                   |                       |  |  |  |  |                       | 56     |                       |             |  |
| Interest paid                                                      |  |  |                                   |  | (293)                 |                                   |                       |  |  |  |  |                       | (251)       |                       |             |  |
| Taxation paid                                                      |  |  |                                   |  | (751)                 |                                   |                       |  |  |  |  |                       | (514)       |                       |             |  |
|                                                                    |  |  |                                   |  |                       |                                   | (966)                 |  |  |  |  |                       |             |                       | (709)       |  |
| Net cash inflow from operating activities                          |  |  |                                   |  |                       |                                   | 1,472            |  |  |  |  |                       |             |                       | 2,650  |  |
| Cash flows from selected investing activities                      |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
| Disposal of property, plant and equipment and computer software    |  |  |                                   |  | 8                |                                   |                       |  |  |  |  |                       | 9      |                       |             |  |
| Purchase of property, plant and equipment and computer software    |  |  |                                   |  | (514)                 |                                   |                       |  |  |  |  |                       | (520)       |                       |             |  |
| Movements in loans and other investments                           |  |  |                                   |  | (2)                   |                                   |                       |  |  |  |  |                       | 3      |                       |             |  |
| Free cash flow                                                     |  |  |                                   |  |                       |                                   | 964              |  |  |  |  |                       |             |                       | 2,142  |  |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |
|                                                                    |  |  |                                   |  |                       |                                   |                       |  |  |  |  |                       |             |                       |

|   |                                                                       |  |  |  |  |
|---|-----------------------------------------------------------------------|--|--|--|--|
| 9 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                           |                  |                       |         |                                      |                              |                       |                               |                  |                    |               |     |           |  |              |  |               |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|---------|--------------------------------------|------------------------------|-----------------------|-------------------------------|------------------|--------------------|---------------|-----|-----------|--|--------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2023 ($ million)       |
|                                           | 2022Re-presented | Exchange Re-presented |         | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | Hyperinflation(2)Re-presented | 2023Re-presented | Reported movement% |
| Net sales                                 | 20,516      |                       | (1,246) |                                      |                              | (154)                 |                               | 1,299       |                    | —  |     | 140  |  | 20,555  |  | —  |  |
| Marketing                                 | 3,616       |                       | (193)   |                                      |                              | 21               |                               | 203         |                    | 1        |     | 15   |  | 3,663   |  | 1        |  |
| Operating profit before exceptional items | 6,374       |                       | (518)   |                                      |                              | (81)                  |                               | 431         |                    | 77       |     | 30   |  | 6,313   |  | (1)           |  |
| Exceptional operating items(1)            | (477)            |                       |         |                                      |                              |                       |                               |                  | (766)              |               |     |
| Operating profit                          | 5,897       |                       |         |                                      |                              |                       |                               |                  | 5,547         |               | (6) |           |

|                                               |                    |                       |       |                                      |                              |                       |                               |                    |                    |               |               |           |  |              |  |         |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--------------------|-----------------------|-------|--------------------------------------|------------------------------|-----------------------|-------------------------------|--------------------|--------------------|---------------|---------------|-----------|--|--------------|--|---------|--|--|--|--|--|--|--|--|--|--|--|
| Six months ended 31 December 2022 ($ million) |
|                                               | F22 H1Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | Hyperinflation(2)Re-presented | F23 H1Re-presented | Reported movement% |
| Net sales                                     | 10,821        |                       | (765) |                                      |                              | (44)                  |                               | 994           |                    | —  |               | 114  |  | 11,120  |  | 3  |  |
| Marketing                                     | 1,837         |                       | (122) |                                      |                              | 9                |                               | 124           |                    | 1        |               | 12   |  | 1,861   |  | 1  |  |
| Operating profit before exceptional items     | 3,730         |                       | (295) |                                      |                              | (25)                  |                               | 350           |                    | (17)          |               | 27   |  | 3,770   |  | 1  |  |
| Exceptional operating items(1)                | —       |                       |       |                                      |                              |                       |                               |                    | (39)               |               |               |
| Operating profit                              | 3,730         |                       |       |                                      |                              |                       |                               |                    | 3,731         |               | —  |           |

|                                           |                  |                       |       |                                      |                              |                       |                               |                  |                    |               |          |           |  |              |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|-----------------------|-------------------------------|------------------|--------------------|---------------|----------|-----------|--|--------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million)       |
|                                           | 2021Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | Hyperinflation(2)Re-presented | 2022Re-presented | Reported movement% |
| Net sales                                 | 17,191      |                       | (644) |                                      |                              | 48               |                               | 3,666       |                    | —  |          | 255  |  | 20,516  |  | 19  |  |
| Marketing                                 | 2,920       |                       | (78)  |                                      |                              | 34               |                               | 718         |                    | (1)           |          | 23   |  | 3,616   |  | 24  |  |
| Operating profit before exceptional items | 5,057       |                       | (145) |                                      |                              | (21)                  |                               | 1,342       |                    | 127      |          | 14   |  | 6,374   |  | 26  |  |
| Exceptional operating items(1)            | (21)             |                       |       |                                      |                              |                       |                               |                  | (477)              |               |          |
| Operating profit                          | 5,036       |                       |       |                                      |                              |                       |                               |                  | 5,897         |               | 17  |           |

|                                           |                  |                       |      |                                      |                              |                       |                  |                    |  |               |  |             |  |               |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|------|--------------------------------------|------------------------------|-----------------------|------------------|--------------------|--|---------------|--|-------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2023 ($ million)       |
|                                           | 2022Re-presented | Exchange Re-presented |      | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | 2023Re-presented | Reported movement% |  |
| Net sales                                 | 8,106       |                       | (38) |                                      |                              | 27               |                  | 14            |  | —  |  | 8,109  |  | —  |  |  |
| Marketing                                 | 1,595       |                       | (14) |                                      |                              | 20               |                  | 29            |  | 1        |  | 1,631  |  | 2        |  |  |
| Operating profit before exceptional items | 3,268       |                       | (34) |                                      |                              | (15)                  |                  | (76)               |  | 79       |  | 3,222  |  | (1)           |  |  |
| Exceptional operating items(1)            | (1)              |                       |      |                                      |                              |                       |                  | (118)              |  |               |  |
| Operating profit                          | 3,267       |                       |      |                                      |                              |                       |                  | 3,104         |  | (5)           |  |             |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 10 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                               |                    |                       |      |                                      |                              |                       |                    |                    |  |               |  |             |  |         |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--------------------|-----------------------|------|--------------------------------------|------------------------------|-----------------------|--------------------|--------------------|--|---------------|--|-------------|--|---------|--|--|--|--|--|--|--|--|--|--|--|
| Six months ended 31 December 2022 ($ million) |
|                                               | F22 H1Re-presented | Exchange Re-presented |      | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | F23 H1Re-presented | Reported movement% |  |
| Net sales                                     | 4,031         |                       | (17) |                                      |                              | 17               |                    | 118           |  | —  |  | 4,149  |  | 3  |  |  |
| Marketing                                     | 745           |                       | (6)  |                                      |                              | 9                |                    | 18            |  | 1        |  | 767    |  | 3  |  |  |
| Operating profit before exceptional items     | 1,761         |                       | (38) |                                      |                              | (9)                   |                    | (36)               |  | 12       |  | 1,690  |  | (4)     |  |  |
| Exceptional operating items(1)                | —       |                       |      |                                      |                              |                       |                    | (31)               |  |               |  |
| Operating profit                              | 1,761         |                       |      |                                      |                              |                       |                    | 1,659         |  | (6)           |  |             |

|                                           |                  |                       |          |                                      |                              |                       |                  |                    |  |               |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|----------|--------------------------------------|------------------------------|-----------------------|------------------|--------------------|--|---------------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million)       |
|                                           | 2021Re-presented | Exchange Re-presented |          | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | 2022Re-presented | Reported movement% |  |
| Net sales                                 | 7,033       |                       | 10  |                                      |                              | 46               |                  | 1,017         |  | —  |  | 8,106  |  | 15  |  |  |
| Marketing                                 | 1,263       |                       | 1   |                                      |                              | 33               |                  | 299           |  | (1)           |  | 1,595  |  | 26  |  |  |
| Operating profit before exceptional items | 3,004       |                       | 37  |                                      |                              | (26)                  |                  | 200           |  | 53       |  | 3,268  |  | 9   |  |  |
| Exceptional operating items(1)            | —     |                       |          |                                      |                              |                       |                  | (1)                |  |               |  |
| Operating profit                          | 3,004       |                       |          |                                      |                              |                       |                  | 3,267         |  | 9        |  |             |

|                                           |                  |                       |       |                                      |                              |                       |                               |                  |                     |               |          |           |  |             |  |               |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|-----------------------|-------------------------------|------------------|---------------------|---------------|----------|-----------|--|-------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2023 ($ million)       |
|                                           | 2022Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | Hyperinflation(2)Re-presented | 2023Re-presented | Reported movement % |
| Net sales                                 | 4,238       |                       | (530) |                                      |                              | (11)                  |                               | 466         |                     | —  |          | 140  |  | 4,303  |  | 2        |  |
| Marketing                                 | 764         |                       | (74)  |                                      |                              | 3                |                               | 57          |                     | —  |          | 15   |  | 765    |  | —  |  |
| Operating profit before exceptional items | 1,345       |                       | (144) |                                      |                              | (43)                  |                               | 138         |                     | (14)          |          | 30   |  | 1,312  |  | (2)           |  |
| Exceptional operating items(1)            | (184)            |                       |       |                                      |                              |                       |                               |                  | (12)                |               |          |
| Operating profit                          | 1,161       |                       |       |                                      |                              |                       |                               |                  | 1,300          |               | 12  |           |

|                                               |                    |                       |       |                                      |                              |                       |                               |                    |                     |               |               |           |  |             |  |     |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--------------------|-----------------------|-------|--------------------------------------|------------------------------|-----------------------|-------------------------------|--------------------|---------------------|---------------|---------------|-----------|--|-------------|--|-----|--|--|--|--|--|--|--|--|--|--|--|
| Six months ended 31 December 2022 ($ million) |
|                                               | F22 H1Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | Hyperinflation(2)Re-presented | F23 H1Re-presented | Reported movement % |
| Net sales                                     | 2,382         |                       | (364) |                                      |                              | (12)                  |                               | 219           |                     | —  |               | 114  |  | 2,339  |  | (2) |  |
| Marketing                                     | 419           |                       | (56)  |                                      |                              | —          |                               | 12            |                     | —  |               | 12   |  | 387    |  | (8) |  |
| Operating profit before exceptional items     | 833           |                       | (142) |                                      |                              | (11)                  |                               | 142           |                     | (29)          |               | 27   |  | 820    |  | (2) |  |
| Exceptional operating items(1)                | —       |                       |       |                                      |                              |                       |                               |                    | 17             |               |               |
| Operating profit                              | 833           |                       |       |                                      |                              |                       |                               |                    | 837            |               | —  |           |

|                                           |                  |                       |       |                                      |                              |                       |                               |                  |                     |               |          |           |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|-----------------------|-------------------------------|------------------|---------------------|---------------|----------|-----------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million)       |
|                                           | 2021Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | Hyperinflation(2)Re-presented | 2022Re-presented | Reported movement % |
| Net sales                                 | 3,453       |                       | (510) |                                      |                              | 6                |                               | 1,034       |                     | —  |          | 255  |  | 4,238  |  | 23  |  |
| Marketing                                 | 638         |                       | (62)  |                                      |                              | —          |                               | 165         |                     | —  |          | 23   |  | 764    |  | 20  |  |
| Operating profit before exceptional items | 861         |                       | (179) |                                      |                              | 1                |                               | 564         |                     | 84       |          | 14   |  | 1,345  |  | 56  |  |
| Exceptional operating items(1)            | (21)             |                       |       |                                      |                              |                       |                               |                  | (184)               |               |          |
| Operating profit                          | 840         |                       |       |                                      |                              |                       |                               |                  | 1,161          |               | 38  |           |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 11 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                           |                  |                       |       |                                      |                              |                  |                      |           |      |             |  |               |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|------------------|----------------------|-----------|------|-------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2023 ($ million)       |
|                                           | 2022Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | 2023Re-presented | Reported movement  % |           |      |
| Net sales                                 | 3,837       |                       | (334) |                                      |                              | (136)            |                      | 474  |      | 3,841  |  | —  |  |  |  |
| Marketing                                 | 651         |                       | (58)  |                                      |                              | —     |                      | 62   |      | 655    |  | 1        |  |  |  |
| Operating profit before exceptional items | 947         |                       | (83)  |                                      |                              | (28)             |                      | 268  |      | 1,104  |  | 17       |  |  |  |
| Exceptional operating items(1)            | (292)            |                       |       |                                      |                              |                  | (581)                |           |      |             |  |
| Operating profit                          | 655         |                       |       |                                      |                              |                  | 523             |           | (20) |             |  |               |

|                                               |                    |                       |       |                                      |                              |                    |                      |           |          |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--------------------|-----------------------|-------|--------------------------------------|------------------------------|--------------------|----------------------|-----------|----------|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Six months ended 31 December 2022 ($ million) |
|                                               | F22 H1Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | F23 H1Re-presented | Reported movement  % |           |          |
| Net sales                                     | 2,083         |                       | (205) |                                      |                              | (44)               |                      | 335  |          | 2,169  |  | 4   |  |  |  |
| Marketing                                     | 358           |                       | (35)  |                                      |                              | —       |                      | 33   |          | 356    |  | (1)      |  |  |  |
| Operating profit before exceptional items     | 613           |                       | (58)  |                                      |                              | (11)               |                      | 160  |          | 704    |  | 15  |  |  |  |
| Exceptional operating items(1)                | —       |                       |       |                                      |                              |                    | (25)                 |           |          |             |  |
| Operating profit                              | 613           |                       |       |                                      |                              |                    | 679             |           | 11  |             |  |          |

|                                           |                  |                       |      |                                      |                              |                  |                      |           |      |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|------|--------------------------------------|------------------------------|------------------|----------------------|-----------|------|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million)       |
|                                           | 2021Re-presented | Exchange Re-presented |      | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | 2022Re-presented | Reported movement  % |           |      |
| Net sales                                 | 3,359       |                       | (66) |                                      |                              | —     |                      | 544  |      | 3,837  |  | 14  |  |  |  |
| Marketing                                 | 564         |                       | (4)  |                                      |                              | —     |                      | 91   |      | 651    |  | 15  |  |  |  |
| Operating profit before exceptional items | 816         |                       | (2)  |                                      |                              | —     |                      | 133  |      | 947    |  | 16  |  |  |  |
| Exceptional operating items(1)            | —     |                       |      |                                      |                              |                  | (292)                |           |      |             |  |
| Operating profit                          | 816         |                       |      |                                      |                              |                  | 655             |           | (20) |             |  |          |

|                                     |                  |                       |      |                                      |                              |                       |                  |                      |  |               |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|------------------|-----------------------|------|--------------------------------------|------------------------------|-----------------------|------------------|----------------------|--|---------------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2023 ($ million) |
|                                     | 2022Re-presented | Exchange Re-presented |      | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | 2023Re-presented | Reported movement  % |  |
| Net sales                           | 2,027       |                       | (61) |                                      |                              | 3                |                  | 190             |  | —  |  | 2,159  |  | 7   |  |  |
| Marketing                           | 324         |                       | (15) |                                      |                              | 1                |                  | 45              |  | —  |  | 355    |  | 10  |  |  |
|                                     |                  |                       |      |                                      |                              |                       |                  |                      |  |
|                                     |                  |                       |      |                                      |                              |                       |                  |                      |  |
| Operating profit                    | 712         |                       | (24) |                                      |                              | —          |                  | 83              |  | 12       |  | 783    |  | 10  |  |  |

|                                               |                    |                       |      |                                      |                              |                       |                    |                      |  |               |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--------------------|-----------------------|------|--------------------------------------|------------------------------|-----------------------|--------------------|----------------------|--|---------------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|--|--|
| Six months ended 31 December 2022 ($ million) |
|                                               | F22 H1Re-presented | Exchange Re-presented |      | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | F23 H1Re-presented | Reported movement  % |  |
| Net sales                                     | 1,114         |                       | (43) |                                      |                              | 4                |                    | 224             |  | —  |  | 1,299  |  | 17  |  |  |
| Marketing                                     | 169           |                       | (10) |                                      |                              | 1                |                    | 49              |  | —  |  | 209    |  | 24  |  |  |
| Operating profit                              | 453           |                       | (7)  |                                      |                              | —          |                    | 92              |  | —  |  | 538    |  | 19  |  |  |
|                                               |                    |                       |      |                                      |                              |                       |                    |                      |  |
|                                               |                    |                       |      |                                      |                              |                       |                    |                      |  |

|                                     |                  |                       |         |                                      |                              |                       |                  |                      |  |               |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|------------------|-----------------------|---------|--------------------------------------|------------------------------|-----------------------|------------------|----------------------|--|---------------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million) |
|                                     | 2021Re-presented | Exchange Re-presented |         | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | 2022Re-presented | Reported movement  % |  |
| Net sales                           | 1,413       |                       | 1  |                                      |                              | 4                |                  | 609             |  | —  |  | 2,027  |  | 43  |  |  |
| Marketing                           | 218         |                       | (2)     |                                      |                              | 1                |                  | 107             |  | —  |  | 324    |  | 49  |  |  |
| Operating profit                    | 425         |                       | 3  |                                      |                              | —          |                  | 294             |  | (10)          |  | 712    |  | 68  |  |  |
|                                     |                  |                       |         |                                      |                              |                       |                  |                      |  |
|                                     |                  |                       |         |                                      |                              |                       |                  |                      |  |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 12 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                           |                  |                       |       |                                      |                              |                  |                       |           |      |             |  |      |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|------------------|-----------------------|-----------|------|-------------|--|------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2023 ($ million)       |
|                                           | 2022Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | 2023Re-presented | Reported movement   % |           |      |
| Net sales                                 | 2,238       |                       | (273) |                                      |                              | (37)             |                       | 111  |      | 2,039  |  | (9)  |  |  |  |
| Marketing                                 | 266         |                       | (31)  |                                      |                              | (6)              |                       | 6    |      | 235    |  | (12) |  |  |  |
| Operating profit before exceptional items | 419         |                       | (192) |                                      |                              | 13          |                       | 49   |      | 289    |  | (31) |  |  |  |
| Exceptional operating items(1)            | —     |                       |       |                                      |                              |                  | (55)                  |           |      |             |  |
| Operating profit                          | 419         |                       |       |                                      |                              |                  | 234              |           | (44) |             |  |      |

|                                               |                    |                       |       |                                      |                              |                    |                       |          |  |             |  |      |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------|--------------------|-----------------------|-------|--------------------------------------|------------------------------|--------------------|-----------------------|----------|--|-------------|--|------|--|--|--|--|--|--|--|--|--|--|--|
| Six months ended 31 December 2022 ($ million) |
|                                               | F22 H1Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | F23 H1Re-presented | Reported movement   % |          |  |
| Net sales                                     | 1,181         |                       | (129) |                                      |                              | (9)                |                       | 70  |  | 1,113  |  | (6)  |  |  |  |
| Marketing                                     | 138           |                       | (15)  |                                      |                              | (1)                |                       | 11  |  | 133    |  | (4)  |  |  |  |
| Operating profit                              | 239           |                       | (60)  |                                      |                              | 6             |                       | 30  |  | 215    |  | (10) |  |  |  |
|                                               |                    |                       |       |                                      |                              |                    |                       |          |  |
|                                               |                    |                       |       |                                      |                              |                    |                       |          |  |

|                                     |                  |                       |      |                                      |                              |                  |                       |           |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|------------------|-----------------------|------|--------------------------------------|------------------------------|------------------|-----------------------|-----------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million) |
|                                     | 2021Re-presented | Exchange Re-presented |      | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | 2022Re-presented | Reported movement   % |           |  |
| Net sales                           | 1,907       |                       | (76) |                                      |                              | (8)              |                       | 415  |  | 2,238  |  | 17  |  |  |  |
| Marketing                           | 228         |                       | (11) |                                      |                              | —     |                       | 49   |  | 266    |  | 17  |  |  |  |
| Operating profit                    | 231         |                       | (21) |                                      |                              | 4           |                       | 205  |  | 419    |  | 81  |  |  |  |
|                                     |                  |                       |      |                                      |                              |                  |                       |           |  |
|                                     |                  |                       |      |                                      |                              |                  |                       |           |  |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 13 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 14 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------|------------------------------------|-----------------------------|----------------------------------|-------------------------------------------------|-----------------------------|-----------------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                              | North AmericaRe-presented$ million | EuropeRe-presented$ million | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$ million | Corporate(2)Re-presented$ million | TotalRe-presented$ million |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Net sales                    |                                    |                             |                                  |                                                 |                             |                                   |                            |
| 2022 reported (re-presented) | 8,106                              | 4,238                       | 3,837                            | 2,027                                           | 2,238                       | 70                                | 20,516                     |
| Exchange                     | (1)                                | 7                           | 18                               | (5)                                             | 16                          | 1                                 | 36                         |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Disposals                    | —                            | (38)                        | (184)                            | —                                         | (175)                       | —                           | (397)                      |
| Hyperinflation               | —                            | (95)                        | —                          | —                                         | —                     | —                           | (95)                       |
| 2022 adjusted (re-presented) | 8,105                              | 4,112                       | 3,671                            | 2,022                                           | 2,079                       | 71                                | 20,060                     |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Organic movement             | 14                                 | 466                         | 474                              | 190                                             | 111                         | 44                                | 1,299                      |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Acquisitions and disposals   | 27                                 | 27                          | 48                               | 3                                               | 138                         | —                           | 243                        |
| Exchange                     | (37)                               | (537)                       | (352)                            | (56)                                            | (289)                       | (11)                              | (1,282)                    |
| Hyperinflation               | —                            | 235                         | —                          | —                                         | —                     | —                           | 235                        |
| 2023 reported (re-presented) | 8,109                              | 4,303                       | 3,841                            | 2,159                                           | 2,039                       | 104                               | 20,555                     |
| Organic movement %           | —                            | 11                          | 13                               | 9                                               | 5                           | 62                                | 6                          |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 15 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------|------------------------------------|-----------------------------|----------------------------------|-------------------------------------------------|-----------------------------|-----------------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                 | North AmericaRe-presented$ million | EuropeRe-presented$ million | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$ million | Corporate(2)Re-presented$ million | TotalRe-presented$ million |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Net sales                                                       |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Six months ended 31 December 2021 reported (re-presented)       | 4,031                              | 2,382                       | 2,083                            | 1,114                                           | 1,181                       | 30                                | 10,821                     |
| Exchange                                                        | (1)                                | (123)                       | (13)                             | (1)                                             | (13)                        | —                           | (151)                      |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Disposals                                                       | —                            | (21)                        | (91)                             | —                                         | (9)                         | —                           | (121)                      |
|  Six months ended 31 December 2021 adjusted (re-presented) | 4,030                              | 2,238                       | 1,979                            | 1,113                                           | 1,159                       | 30                                | 10,549                     |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Organic movement                                                | 118                                | 219                         | 335                              | 224                                             | 70                          | 28                                | 994                        |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Acquisitions and disposals                                      | 17                                 | 9                           | 47                               | 4                                               | —                     | —                           | 77                         |
| Exchange                                                        | (16)                               | (241)                       | (192)                            | (42)                                            | (116)                       | (7)                               | (614)                      |
| Hyperinflation                                                  | —                            | 114                         | —                          | —                                         | —                     | —                           | 114                        |
| Six months ended 31 December 2022 reported (re-presented)       | 4,149                              | 2,339                       | 2,169                            | 1,299                                           | 1,113                       | 51                                | 11,120                     |
| Organic movement %                                              | 3                                  | 10                          | 17                               | 20                                              | 6                           | 93                                | 9                          |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |

|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------|------------------------------------|-----------------------------|----------------------------------|-------------------------------------------------|-----------------------------|-----------------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                              | North AmericaRe-presented$ million | EuropeRe-presented$ million | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$ million | Corporate(2)Re-presented$ million | TotalRe-presented$ million |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Net sales                    |                                    |                             |                                  |                                                 |                             |                                   |                            |
| 2021 reported (re-presented) | 7,033                              | 3,453                       | 3,359                            | 1,413                                           | 1,907                       | 26                                | 17,191                     |
| Exchange                     | —                            | —                     | (3)                              | 1                                               | 2                           | 1                                 | 1                          |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Disposals                    | —                            | (26)                        | —                          | —                                         | (28)                        | —                           | (54)                       |
| 2021 adjusted (re-presented) | 7,033                              | 3,427                       | 3,356                            | 1,414                                           | 1,881                       | 27                                | 17,138                     |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Organic movement             | 1,017                              | 1,034                       | 544                              | 609                                             | 415                         | 47                                | 3,666                      |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Acquisitions and disposals   | 46                                 | 32                          | —                          | 4                                               | 20                          | —                           | 102                        |
| Exchange                     | 10                                 | (510)                       | (63)                             | —                                         | (78)                        | (4)                               | (645)                      |
| Hyperinflation               | —                            | 255                         | —                          | —                                         | —                     | —                           | 255                        |
| 2022 reported (re-presented) | 8,106                              | 4,238                       | 3,837                            | 2,027                                           | 2,238                       | 70                                | 20,516                     |
| Organic movement %           | 14                                 | 30                          | 16                               | 43                                              | 22                          | 174                               | 21                         |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |

|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|-------------------------------------------|-----------------------------|-----------------------------------|-------------------------------------------------|------------------------------|---------------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                | North AmericaRe-presented $  million | EuropeRe-presented$ million | AsiaPacificRe-presented$  million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$  million | CorporateRe-presented$  million | TotalRe-presented$ million |
| Marketing                                                                                      |                                           |                             |                                   |                                                 |                              |                                 |                            |
| 2022 reported (re-presented)                                                                   | 1,595                                     | 764                         | 651                               | 324                                             | 266                          | 16                              | 3,616                      |
| Exchange                                                                                       | (3)                                       | 16                          | 2                                 | (2)                                             | (2)                          | (1)                             | 10                         |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
| Fair value remeasurement of contingent considerations, equity option and earn out arrangements | 1                                         | —                     | —                           | —                                         | —                      | —                         | 1                          |
| Disposals                                                                                      | —                                   | (1)                         | —                           | —                                         | (12)                         | —                         | (13)                       |
| Hyperinflation                                                                                 | —                                   | (8)                         | —                           | —                                         | —                      | —                         | (8)                        |
| 2022 adjusted (re-presented)                                                                   | 1,593                                     | 771                         | 653                               | 322                                             | 252                          | 15                              | 3,606                      |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
| Organic movement                                                                               | 29                                        | 57                          | 62                                | 45                                              | 6                            | 4                               | 203                        |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
| Acquisitions and disposals                                                                     | 20                                        | 4                           | —                           | 1                                               | 6                            | 3                               | 34                         |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
| Exchange                                                                                       | (11)                                      | (90)                        | (60)                              | (13)                                            | (29)                         | —                         | (203)                      |
| Hyperinflation                                                                                 | —                                   | 23                          | —                           | —                                         | —                      | —                         | 23                         |
| 2023 reported (re-presented)                                                                   | 1,631                                     | 765                         | 655                               | 355                                             | 235                          | 22                              | 3,663                      |
| Organic movement %                                                                             | 2                                         | 7                           | 9                                 | 14                                              | 2                            | 27                              | 6                          |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |
|                                                                                                |                                           |                             |                                   |                                                 |                              |                                 |                            |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 16 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|------------------------------------|-----------------------------|--|----------------------------------|-------------------------------------------------|-----------------------------|--|-----------------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                | North AmericaRe-presented$ million | EuropeRe-presented$ million |  | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$ million |  | Corporate(2)Re-presented$ million | TotalRe-presented$ million |
| Marketing                                                                                      |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| Six months ended 31 December 2021 reported (re-presented)                                      | 745                                | 419                         |  | 358                              | 169                                             | 138                         |  | 8                                 | 1,837                      |
| Exchange                                                                                       | (2)                                | (10)                        |  | (2)                              | —                                         | (2)                         |  | —                           | (16)                       |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| Fair value remeasurement of contingent considerations, equity option and earn out arrangements | 1                                  | —                     |  | —                          | —                                         | —                     |  | —                           | 1                          |
| Disposals                                                                                      | —                            | —                     |  | —                          | —                                         | (1)                         |  | —                           | (1)                        |
| Six months ended 31 December 2021 adjusted (re-presented)                                      | 744                                | 409                         |  | 356                              | 169                                             | 135                         |  | 8                                 | 1,821                      |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| Organic movement                                                                               | 18                                 | 12                          |  | 33                               | 49                                              | 11                          |  | 1                                 | 124                        |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| Acquisitions and disposals                                                                     | 9                                  | —                     |  | —                          | 1                                               | —                     |  | —                           | 10                         |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| Exchange                                                                                       | (4)                                | (46)                        |  | (33)                             | (10)                                            | (13)                        |  | —                           | (106)                      |
| Hyperinflation                                                                                 | —                            | 12                          |  | —                          | —                                         | —                     |  | —                           | 12                         |
| Six months ended 31 December 2022 reported (re-presented)                                      | 767                                | 387                         |  | 356                              | 209                                             | 133                         |  | 9                                 | 1,861                      |
| Organic movement %                                                                             | 2                                  | 3                           |  | 9                                | 29                                              | 8                           |  | 13                                | 7                          |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |

|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|------------------------------------|-----------------------------|--|----------------------------------|-------------------------------------------------|-----------------------------|--|-----------------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                | North AmericaRe-presented$ million | EuropeRe-presented$ million |  | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$ million |  | Corporate(2)Re-presented$ million | TotalRe-presented$ million |
| Marketing                                                                                      |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| 2021 reported (re-presented)                                                                   | 1,263                              | 638                         |  | 564                              | 218                                             | 228                         |  | 9                                 | 2,920                      |
| Exchange                                                                                       | —                            | (1)                         |  | 2                                | —                                         | (4)                         |  | (2)                               | (5)                        |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| Disposals                                                                                      | —                            | (1)                         |  | —                          | —                                         | (3)                         |  | —                           | (4)                        |
| 2021 adjusted (re-presented)                                                                   | 1,263                              | 636                         |  | 566                              | 218                                             | 221                         |  | 7                                 | 2,911                      |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| Organic movement                                                                               | 299                                | 165                         |  | 91                               | 107                                             | 49                          |  | 7                                 | 718                        |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
| Acquisitions and disposals                                                                     | 33                                 | 1                           |  | —                          | 1                                               | 3                           |  | —                           | 38                         |
| Fair value remeasurement of contingent considerations, equity option and earn out arrangements | (1)                                | —                     |  | —                          | —                                         | —                     |  | —                           | (1)                        |
| Exchange                                                                                       | 1                                  | (61)                        |  | (6)                              | (2)                                             | (7)                         |  | 2                                 | (73)                       |
| Hyperinflation                                                                                 | —                            | 23                          |  | —                          | —                                         | —                     |  | —                           | 23                         |
| 2022 reported (re-presented)                                                                   | 1,595                              | 764                         |  | 651                              | 324                                             | 266                         |  | 16                                | 3,616                      |
| Organic movement %                                                                             | 24                                 | 26                          |  | 16                               | 49                                              | 22                          |  | 100                               | 25                         |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |
|                                                                                                |                                    |                             |  |                                  |                                                 |                             |  |                                   |                            |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 17 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |  |               |            |             |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|------------------------------------|-----------------------------|----------------------------------|-------------------------------------------------|-----------------------------|--------------------------------|----------------------------|--|---------------|--|---------------|------------|-------------|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                | North AmericaRe-presented$ million | EuropeRe-presented$ million | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$ million | CorporateRe-presented$ million | TotalRe-presented$ million |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| Operating profit before exceptional items                                                      |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| 2022 reported (re-presented)                                                                   | 3,268                         |                             | 1,345                       |                                                 | 947                    |                                | 712                   |  | 419      |  | (317)         |            | 6,374  |  |  |  |
| Exchange                                                                                       | (22)                               |                             | —                     |                                                 | —                |                                | (10)                       |  | 19       |  | (44)          |            | (57)        |  |  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| Fair value remeasurement of contingent considerations and equity option                        | (43)                               |                             | (48)                             |                                                 | —                |                                | 11                    |  | —  |  | —  |            | (80)        |  |  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| Acquisitions and disposals                                                                     | 8                             |                             | (24)                             |                                                 | (35)                        |                                | —               |  | (24)          |  | —  |            | (75)        |  |  |  |
| Hyperinflation                                                                                 | —                       |                             | (1)                              |                                                 | —                |                                | —               |  | —  |  | —  |            | (1)         |  |  |  |
| 2022 adjusted (re-presented)                                                                   | 3,211                         |                             | 1,272                       |                                                 | 912                    |                                | 713                   |  | 414      |  | (361)         |            | 6,161  |  |  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| Organic movement                                                                               | (76)                               |                             | 138                         |                                                 | 268                    |                                | 83                    |  | 49       |  | (31)          |            | 431    |  |  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| Acquisitions and disposals                                                                     | (23)                               |                             | (19)                             |                                                 | 7                      |                                | —               |  | 37       |  | (8)           |            | (6)         |  |  |  |
| Fair value remeasurement of contingent considerations, equity option and earn out arrangements | 122                           |                             | 34                          |                                                 | —                |                                | 1                     |  | —  |  | —  |            | 157    |  |  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| Exchange                                                                                       | (12)                               |                             | (144)                            |                                                 | (83)                        |                                | (14)                       |  | (211)         |  | 3        |            | (461)       |  |  |  |
| Hyperinflation                                                                                 | —                       |                             | 31                          |                                                 | —                |                                | —               |  | —  |  | —  |            | 31     |  |  |  |
| 2023 reported (re-presented)                                                                   | 3,222                         |                             | 1,312                       |                                                 | 1,104                  |                                | 783                   |  | 289      |  | (397)         |            | 6,313  |  |  |  |
| Organic movement %                                                                             | (2)                                |                             | 11                          |                                                 | 29                     |                                | 12                    |  | 12       |  | (9)           |            | 7      |  |  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| Organic operating margin % (1)                                                                 |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
| 2023 (re-presented)                                                                            | 38.6                          |                             | 30.8                        |                                                 | 28.5                   |                                | 36.0                  |  | 21.1     |  | n/a       | 30.9  |             |  |  |
| 2022 (re-presented)                                                                            | 39.6                          |                             | 30.9                        |                                                 | 24.8                   |                                | 35.3                  |  | 19.9     |  | n/a       | 30.7  |             |  |  |
| Organic operating margin movement (bps)                                                        | (101)                              |                             | (13)                             |                                                 | 363                    |                                | 72                    |  | 126      |  | n/a       | 15    |             |  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                |                            |  |               |

|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |  |               |  |               |            |             |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|------------------------------------|-----------------------------|----------------------------------|-------------------------------------------------|-----------------------------|-----------------------------------|----------------------------|--|---------------|--|---------------|------------|-------------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                | North AmericaRe-presented$ million | EuropeRe-presented$ million | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$ million | Corporate(2)Re-presented$ million | TotalRe-presented$ million |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Operating profit before exceptional items                                                      |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Six months ended 31 December 2021 reported (re-presented)                                      | 1,761                         |                             | 833                         |                                                 | 613                    |                                   | 453                   |  | 239      |  | (169)         |            | 3,730  |  |
| Exchange                                                                                       | (20)                               |                             | (59)                             |                                                 | (5)                         |                                   | 7                     |  | 10       |  | (4)           |            | (71)        |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Fair value remeasurement of contingent considerations and equity option                        | (6)                                |                             | (28)                             |                                                 | —                |                                   | —               |  | —  |  | —  |            | (34)        |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Acquisitions and disposals                                                                     | —                       |                             | (14)                             |                                                 | (18)                        |                                   | —               |  | 6        |  | —  |            | (26)        |  |
| Six months ended 31 December 2021 adjusted (re-presented)                                      | 1,735                         |                             | 732                         |                                                 | 590                    |                                   | 460                   |  | 255      |  | (173)         |            | 3,599  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Organic movement                                                                               | (36)                               |                             | 142                         |                                                 | 160                    |                                   | 92                    |  | 30       |  | (38)          |            | 350    |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Acquisitions and disposals                                                                     | (9)                                |                             | 3                           |                                                 | 7                      |                                   | —               |  | —  |  | —  |            | 1      |  |
| Fair value remeasurement of contingent considerations, equity option and earn out arrangements | 18                            |                             | (1)                              |                                                 | —                |                                   | —               |  | —  |  | —  |            | 17     |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Exchange                                                                                       | (18)                               |                             | (83)                             |                                                 | (53)                        |                                   | (14)                       |  | (70)          |  | 14       |            | (224)       |  |
| Hyperinflation                                                                                 | —                       |                             | 27                          |                                                 | —                |                                   | —               |  | —  |  | —  |            | 27     |  |
| Six months ended 31 December 2022 reported (re-presented)                                      | 1,690                         |                             | 820                         |                                                 | 704                    |                                   | 538                   |  | 215      |  | (197)         |            | 3,770  |  |
| Organic movement %                                                                             | (2)                                |                             | 19                          |                                                 | 27                     |                                   | 20                    |  | 12       |  | (22)          |            | 10     |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Organic operating margin % (1)                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Six months ended 31 December 2022 (re-presented)                                               | 41.0                          |                             | 35.6                        |                                                 | 32.4                   |                                   | 41.3                  |  | 23.2     |  | n/a       | 34.2  |             |
| Six months ended 31 December 2021 (re-presented)                                               | 43.1                          |                             | 32.7                        |                                                 | 29.8                   |                                   | 41.3                  |  | 22.0     |  | n/a       | 34.1  |             |
| Organic operating margin movement (bps)                                                        | (206)                              |                             | 286                         |                                                 | 258                    |                                   | 1                     |  | 126      |  | n/a       | 9     |             |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 18 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |  |               |  |               |            |             |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|------------------------------------|-----------------------------|----------------------------------|-------------------------------------------------|-----------------------------|-----------------------------------|----------------------------|--|---------------|--|---------------|------------|-------------|--|--|--|--|--|--|--|--|--|--|
|                                                                                                | North AmericaRe-presented$ million | EuropeRe-presented$ million | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | AfricaRe-presented$ million | Corporate(2)Re-presented$ million | TotalRe-presented$ million |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Operating profit before exceptional items                                                      |                                    |                             |                                  |                                                 |                             |                                   |                            |
| 2021  reported (re-presented)                                                                  | 3,004                         |                             | 861                         |                                                 | 816                    |                                   | 425                   |  | 231      |  | (280)         |            | 5,057  |  |
| Exchange                                                                                       | (4)                                |                             | (7)                              |                                                 | (2)                         |                                   | (7)                        |  | 12       |  | (9)           |            | (17)        |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Fair value remeasurement of contingent considerations and equity option                        | 10                            |                             | 36                          |                                                 | —                |                                   | —               |  | —  |  | —  |            | 46     |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Acquisitions and disposals                                                                     | 11                            |                             | (13)                             |                                                 | —                |                                   | —               |  | 17       |  | —  |            | 15     |  |
| 2021 adjusted (re-presented)                                                                   | 3,021                         |                             | 877                         |                                                 | 814                    |                                   | 418                   |  | 260      |  | (289)         |            | 5,101  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Organic movement                                                                               | 200                           |                             | 564                         |                                                 | 133                    |                                   | 294                   |  | 205      |  | (54)          |            | 1,342  |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Acquisitions and disposals                                                                     | (37)                               |                             | 14                          |                                                 | —                |                                   | —               |  | (13)          |  | —  |            | (36)        |  |
| Fair value remeasurement of contingent considerations, equity option and earn out arrangements | 43                            |                             | 48                          |                                                 | —                |                                   | (4)                        |  | —  |  | —  |            | 87     |  |
| Fair value remeasurement of biological assets                                                  | —                       |                             | —                     |                                                 | —                |                                   | (6)                        |  | —  |  | —  |            | (6)         |  |
| Exchange                                                                                       | 41                            |                             | (172)                            |                                                 | —                |                                   | 10                    |  | (33)          |  | 26       |            | (128)       |  |
| Hyperinflation                                                                                 | —                       |                             | 14                          |                                                 | —                |                                   | —               |  | —  |  | —  |            | 14     |  |
| 2022 reported (re-presented)                                                                   | 3,268                         |                             | 1,345                       |                                                 | 947                    |                                   | 712                   |  | 419      |  | (317)         |            | 6,374  |  |
| Organic movement %                                                                             | 7                             |                             | 64                          |                                                 | 16                     |                                   | 70                    |  | 79       |  | (19)          |            | 26     |  |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
| Organic operating margin % (1)                                                                 |                                    |                             |                                  |                                                 |                             |                                   |                            |
| 2022 (re-presented)                                                                            | 40.0                          |                             | 32.3                        |                                                 | 24.3                   |                                   | 35.2                  |  | 20.3     |  | n/a       | 31.0  |             |
| 2021 (re-presented)                                                                            | 43.0                          |                             | 25.6                        |                                                 | 24.3                   |                                   | 29.6                  |  | 13.8     |  | n/a       | 29.8  |             |
| Organic operating margin movement (bps)                                                        | (295)                              |                             | 671                         |                                                 | 2                      |                                   | 564                   |  | 643      |  | n/a       | 121   |             |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |

|                                                                                           |                         |                         |                         |  |             |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|-------------------------|-------------------------|-------------------------|--|-------------|--|--|--|--|--|--|--|
|                                                                                           | Year ended 30 June 2023 | Year ended 30 June 2022 | Year ended 30 June 2021 |  |
|                                                                                           | Re-presented$ million   | Re-presented$ million   | Re-presented$ million   |  |
|                                                                                           |                         |                         |                         |  |
| Profit attributable to equity shareholders of the parent company                          | 4,445              |                         | 4,280              |  | 3,595  |  |  |
| Exceptional operating and non-operating items                                             | 402                |                         | 564                |  | 1      |  |  |
| Exceptional tax items and tax in respect of exceptional operating and non-operating items | (226)                   |                         | (40)                    |  | 113    |  |  |
|                                                                                           |                         |                         |                         |  |
|                                                                                           |                         |                         |                         |  |
| Exceptional items attributable to non-controlling interests                               | (173)                   |                         | (124)                   |  | 2      |  |  |
| Profit attributable to equity shareholders of the parent company before exceptional items | 4,448              |                         | 4,680              |  | 3,711  |  |  |
|                                                                                           |                         |                         |                         |  |
| Weighted average number of shares                                                         | million                 | million                 | million                 |  |
| Shares in issue excluding own shares                                                      | 2,264              |                         | 2,318              |  | 2,337  |  |  |
| Dilutive potential ordinary shares                                                        | 7                  |                         | 7                  |  | 8      |  |  |
| Diluted shares in issue excluding own shares                                              | 2,271              |                         | 2,325              |  | 2,345  |  |  |
|                                                                                           |                         |                         |                         |  |
|                                                                                           | cents                   | cents                   | cents                   |  |
| Basic earnings per share before exceptional items                                         | 196.5                   | 201.9                   | 158.8              |  |             |
| Diluted earnings per share before exceptional items                                       | 195.9                   | 201.3                   | 158.3              |  |             |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 19 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                                                                           |                                   |                                   |               |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|-----------------------------------|-----------------------------------|---------------|--|--|--|--|--|--|--|
|                                                                                           | Six months ended 31 December 2022 | Six months ended 31 December 2021 |               |  |
|                                                                                           | Re-presented$ million             | Re-presented$ million             |               |  |
|                                                                                           |                                   |                                   |               |  |
| Profit attributable to equity shareholders of the parent company                          | 2,709                        |                                   | 2,673    |  |  |  |
| Exceptional operating and non-operating items                                             | 20                           |                                   | 42       |  |  |  |
| Exceptional tax items and tax in respect of exceptional operating and non-operating items | (84)                              |                                   | —  |  |  |  |
|                                                                                           |                                   |                                   |               |  |
|                                                                                           |                                   |                                   |               |  |
| Exceptional items attributable to non-controlling interests                               | 1                            |                                   | —  |  |  |  |
| Profit attributable to equity shareholders of the parent company before exceptional items | 2,646                        |                                   | 2,715    |  |  |  |
|                                                                                           |                                   |                                   |               |  |
| Weighted average number of shares                                                         | million                           | million                           |               |  |
| Shares in issue excluding own shares                                                      | 2,274                        |                                   | 2,331    |  |  |  |
| Dilutive potential ordinary shares                                                        | 7                            |                                   | 8        |  |  |  |
| Diluted shares in issue excluding own shares                                              | 2,281                        |                                   | 2,339    |  |  |  |
|                                                                                           |                                   |                                   |               |  |
|                                                                                           | cents                             | cents                             |               |  |
| Basic earnings per share before exceptional items                                         | 116.4                             | 116.5                             |               |  |
| Diluted earnings per share before exceptional items                                       | 116.0                             | 116.1                             |               |  |

|                                                                 |                       |                       |                       |  |             |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------|-----------------------|-----------------------|-----------------------|--|-------------|--|--|--|--|--|--|--|--|
|                                                                 | 2023                  | 2022                  | 2021                  |  |             |
|                                                                 | Re-presented$ million | Re-presented$ million | Re-presented$ million |  |             |
|                                                                 |                       |                       |                       |  |             |
| Net cash inflow from operating activities                       | 3,636            |                       | 5,213            |  | 4,932  |  |  |  |
| Disposal of property, plant and equipment and computer software | 16               |                       | 23               |  | 18     |  |  |  |
| Purchase of property, plant and equipment and computer software | (1,417)               |                       | (1,457)               |  | (844)       |  |  |  |
| Movements in loans and other investments                        | (68)                  |                       | (96)                  |  | (7)         |  |  |  |
| Free cash flow                                                  | 2,167            |                       | 3,683            |  | 4,099  |  |  |  |

|                                                                 |                                   |                                   |             |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------|-----------------------------------|-----------------------------------|-------------|--|--|--|--|--|--|--|--|
|                                                                 | Six months ended 31 December 2022 | Six months ended 31 December 2021 |             |  |  |
|                                                                 | Re-presented$ million             | Re-presented$ million             |             |  |  |
|                                                                 |                                   |                                   |             |  |  |
| Net cash inflow from operating activities                       | 1,472                        |                                   | 2,650  |  |  |  |  |
| Disposal of property, plant and equipment and computer software | 8                            |                                   | 9      |  |  |  |  |
| Purchase of property, plant and equipment and computer software | (514)                             |                                   | (520)       |  |  |  |  |
| Movements in loans and other investments                        | (2)                               |                                   | 3      |  |  |  |  |
| Free cash flow                                                  | 964                          |                                   | 2,142  |  |  |  |  |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 20 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 21 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                            |                  |                                   |  |  |  |  |  |  |
|----------------------------|------------------|-----------------------------------|--|--|--|--|--|--|
| Investor enquiries to: | Durga Doraisamy  | +44 (0) 79 021 26906              |
|                            | Andy Ryan        | +44 (0) 78 038 54842              |
|                            | Brian Shipman    | +1 917 710 3007                   |
|                            |                  | investor.relations@diageo.com |
|                            |                  |                                   |
| Media enquiries to:    | Clare Cavana     | +44 (0) 77 517 42072              |
|                            | Isabel Batchelor | +44 (0) 77 319 88857              |
|                            |                  | press@diageo.com              |
|                            |                  |                                   |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 22 | Diageo  Re-presented unaudited historical financial information |

----

|  |  |  |
|--|--|--|
|  |

|                                    |  |  |
|------------------------------------|--|--|
|                                    |
| /s/ Lavanya Chandrashekar  |
| Name: Lavanya Chandrashekar    |
| Title: Chief Financial Officer |
|                                    |
| 9 October 2023                |

|    |                                                                       |  |  |  |  |
|----|-----------------------------------------------------------------------|--|--|--|--|
| 23 | Diageo  Re-presented unaudited historical financial information |