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

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

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

----

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

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 1 | Diageo  Recast unaudited historical financial information |

----

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

|                                    |                                       |  |                                      |            |                                       |  |            |  |  |  |  |  |  |
|------------------------------------|---------------------------------------|--|--------------------------------------|------------|---------------------------------------|--|------------|--|--|--|--|--|--|
|                                    | Year ended               30 June 2023 |  | Year ended              30 June 2022 |            | Year ended               30 June 2021 |
| Sterling                           |                                       |  |                                      |            |                                       |
| Income statement and cash flows(1) | 0.83                             |  |                                      | 0.75  |                                       |  | 0.74  |  |
| Assets and liabilities(2)          | 0.79                             |  |                                      | 0.83  |                                       |  | 0.72  |  |
| Euro                               |                                       |  |                                      |            |                                       |
| Income statement and cash flows(1) | 0.96                             |  |                                      | 0.89  |                                       |  | 0.84  |  |
| Assets and liabilities(2)          | 0.93                             |  |                                      | 0.96  |                                       |  | 0.84  |  |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 1 | Diageo  Recast 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   |  |
|                                                             |  |  |  |                             |                                     |                             |
|                                                             |  |  |  |                             |                                     |                             |
|                                                             |  |  |  |                             |                                     |                             |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 2 | Diageo  Recast unaudited historical financial information |

----

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

|                                                                                                  |                                 |                        |                                 |      |               |  |  |  |  |  |  |
|--------------------------------------------------------------------------------------------------|---------------------------------|------------------------|---------------------------------|------|---------------|--|--|--|--|--|--|
|                                                                                                  | Year ended         30 June 2023 | Year ended30 June 2022 | Year ended         30 June 2021 |
|                                                                                                  | Re-presented$ million           | Re-presented$ million  | Re-presented$ million           |
| Other comprehensive income                                                                       |                                 |                        |                                 |
| Items that will not be recycled subsequently to the income statement                             |                                 |                        |                                 |
| Net remeasurement of post employment benefit plans                                               |                                 |                        |                                 |
| Group                                                                                            | (771)                           |                        | 820                        |      | 21       |  |
| Associates and joint ventures                                                                    | 16                         |                        | 6                          |      | 5        |  |
| Non-controlling interests                                                                        | —                    |                        | (1)                             |      | —  |  |
| Tax on post employment benefit plans                                                             | 193                             | (164)                  |                                 | (62) |               |
| Changes in the fair value of equity investments at fair value through other comprehensive income | (5)                             |                        | (15)                            |      | —  |  |
|                                                                                                  |                                 |                        |                                 |
|                                                                                                  |                                 |                        |                                 |
|                                                                                                  | (567)                           |                        | 646                        |      | (36)          |  |
| Items that may be recycled subsequently to the income statement                                  |                                 |                        |                                 |
| Exchange differences on translation of foreign operations                                        |                                 |                        |                                 |
| Group                                                                                            | (906)                           |                        | 756                        |      | (1,191)       |  |
| Associates and joint ventures                                                                    | 132                        |                        | (570)                           |      | 232      |  |
| Non-controlling interests                                                                        | (100)                           |                        | (83)                            |      | 28       |  |
| Net investment hedges                                                                            | 499                        |                        | (829)                           |      | 1,093    |  |
| Exchange loss recycled to the income statement                                                   |                                 |                        |                                 |
| On disposal of foreign operations                                                                | 15                         |                        | 143                        |      | —  |  |
| On step acquisition                                                                              | 2                          |                        | —                    |      | —  |  |
| Tax on exchange differences - group                                                              | 2                          |                        | (21)                            |      | (1)           |  |
| Tax on exchange differences - non-controlling interests                                          | —                    |                        | —                    |      | (2)           |  |
| Effective portion of changes in fair value of cash flow hedges                                   |                                 |                        |                                 |
| Hedge of foreign currency debt of the group                                                      | 7                          |                        | 309                        |      | (402)         |  |
| Transaction exposure hedging of the group                                                        | 328                        |                        | (230)                           |      | 137      |  |
| Hedges by associates and joint ventures                                                          | 29                         |                        | (20)                            |      | (1)           |  |
| Commodity price risk hedging of the group                                                        | (67)                            |                        | 104                        |      | 56       |  |
| Recycled to income statement - hedge of foreign currency debt of the group                       | 65                         |                        | (319)                           |      | 236      |  |
| Recycled to income statement - transaction exposure hedging of the group                         | (16)                            |                        | 57                         |      | 13       |  |
| Recycled to income statement - commodity price risk hedging of the group                         | (39)                            |                        | (61)                            |      | (3)           |  |
| Tax on effective portion of changes in fair value of cash flow hedges                            | (46)                            |                        | 42                         |      | (8)           |  |
| Hyperinflation adjustments                                                                       | 229                        |                        | 431                        |      | (12)          |  |
| Tax on hyperinflation adjustments                                                                | (49)                            |                        | (87)                            |      | 3        |  |
|                                                                                                  | 85                         |                        | (378)                           |      | 178      |  |
| Other comprehensive (loss)/income, net of tax, for the year                                  | (482)                           |                        | 268                        |      | 142      |  |
| Profit for the year                                                                              | 4,479                      |                        | 4,410                      |      | 3,782    |  |
| Total comprehensive income for the year                                                          | 3,997                      |                        | 4,678                      |      | 3,924    |  |
|                                                                                                  |                                 |                        |                                 |
| Attributable to:                                                                             |                                 |                        |                                 |
| Equity shareholders of the parent company                                                        | 4,063                      |                        | 4,632                      |      | 3,711    |  |
|                                                                                                  |                                 |                        |                                 |
| Non-controlling interests                                                                        | (66)                            |                        | 46                         |      | 213      |  |
| Total comprehensive income for the year                                                          | 3,997                      |                        | 4,678                      |      | 3,924    |  |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 3 | Diageo  Recast unaudited historical financial information |

----

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

|                                                                  |  |                        |                       |              |              |                       |                       |                        |                       |               |              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------|--|------------------------|-----------------------|--------------|--------------|-----------------------|-----------------------|------------------------|-----------------------|---------------|--------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                  |  | 30 June 2023           |                       | 30 June 2022 | 30 June 2021 |                       |
|                                                                  |  | 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            |                       |              |              |                       | 14,401           |                        |                       | 14,962   |              |  |  |  |
| Property, plant and equipment                                    |  | 7,738             |                       |              |              |                       | 7,076            |                        |                       | 6,741    |              |  |  |  |
| Biological assets                                                |  | 197               |                       |              |              |                       | 114              |                        |                       | 93       |              |  |  |  |
| Investments in associates and joint ventures                     |  | 4,825             |                       |              |              |                       | 4,418            |                        |                       | 4,597    |              |  |  |  |
| Other investments                                                |  | 71                |                       |              |              |                       | 45               |                        |                       | 56       |              |  |  |  |
| Other receivables                                                |  | 39                |                       |              |              |                       | 45               |                        |                       | 50       |              |  |  |  |
| Other financial assets                                           |  | 497               |                       |              |              |                       | 418              |                        |                       | 454      |              |  |  |  |
| Deferred tax assets                                              |  | 178               |                       |              |              |                       | 138              |                        |                       | 139      |              |  |  |  |
| Post employment benefit assets                                   |  | 1,210             |                       |              |              |                       | 1,878            |                        |                       | 1,414    |              |  |  |  |
|                                                                  |  |                        | 29,261           |              |              |                       |                       | 28,533            |                       |               | 28,506  |  |  |  |
| Current assets                                                   |  |                        |                       |              |              |                       |                       |                        |                       |               |              |
| Inventories                                                      |  | 9,653             |                       |              |              |                       | 8,584            |                        |                       | 8,402    |              |  |  |  |
| Trade and other receivables                                      |  | 3,427             |                       |              |              |                       | 3,549            |                        |                       | 3,315    |              |  |  |  |
| Assets held for sale                                             |  | —           |                       |              |              |                       | 269              |                        |                       | —  |              |  |  |  |
| Corporate tax receivables                                        |  | 292               |                       |              |              |                       | 180              |                        |                       | 202      |              |  |  |  |
| Other financial assets                                           |  | 437               |                       |              |              |                       | 303              |                        |                       | 169      |              |  |  |  |
| Cash and cash equivalents                                        |  | 1,813             |                       |              |              |                       | 2,765            |                        |                       | 3,821    |              |  |  |  |
|                                                                  |  |                        | 15,622           |              |              |                       |                       | 15,650            |                       |               | 15,909  |  |  |  |
| Total assets                                                     |  |                        | 44,883           |              |              |                       |                       | 44,183            |                       |               | 44,415  |  |  |  |
| Current liabilities                                              |  |                        |                       |              |              |                       |                       |                        |                       |               |              |
| Borrowings and bank overdrafts                                   |  | (2,142)                |                       |              |              |                       | (1,842)               |                        |                       | (2,589)       |              |  |  |  |
| Other financial liabilities                                      |  | (453)                  |                       |              |              |                       | (538)                 |                        |                       | (357)         |              |  |  |  |
| Share buyback liability                                          |  | —           |                       |              |              |                       | (141)                 |                        |                       | (127)         |              |  |  |  |
| Trade and other payables                                         |  | (6,678)                |                       |              |              |                       | (7,123)               |                        |                       | (6,459)       |              |  |  |  |
| Liabilities held for sale                                        |  | —           |                       |              |              |                       | (74)                  |                        |                       | —  |              |  |  |  |
| Corporate tax payables                                           |  | (170)                  |                       |              |              |                       | (305)                 |                        |                       | (203)         |              |  |  |  |
| Provisions                                                       |  | (150)                  |                       |              |              |                       | (192)                 |                        |                       | (192)         |              |  |  |  |
|                                                                  |  |                        | (9,593)               |              |              |                       |                       | (10,215)               |                       |               | (9,927)      |  |  |  |
| Non-current liabilities                                          |  |                        |                       |              |              |                       |                       |                        |                       |               |              |
| Borrowings                                                       |  | (18,649)               |                       |              |              |                       | (17,543)              |                        |                       | (17,883)      |              |  |  |  |
| Other financial liabilities                                      |  | (941)                  |                       |              |              |                       | (850)                 |                        |                       | (534)         |              |  |  |  |
| Other payables                                                   |  | (463)                  |                       |              |              |                       | (459)                 |                        |                       | (470)         |              |  |  |  |
| Provisions                                                       |  | (306)                  |                       |              |              |                       | (312)                 |                        |                       | (380)         |              |  |  |  |
| Deferred tax liabilities                                         |  | (2,751)                |                       |              |              |                       | (2,807)               |                        |                       | (2,704)       |              |  |  |  |
| Post employment benefit liabilities                              |  | (471)                  |                       |              |              |                       | (486)                 |                        |                       | (798)         |              |  |  |  |
|                                                                  |  |                        | (23,581)              |              |              |                       |                       | (22,457)               |                       |               | (22,769)     |  |  |  |
| Total liabilities                                                |  |                        | (33,174)              |              |              |                       |                       | (32,672)               |                       |               | (32,696)     |  |  |  |
| Net assets                                                       |  |                        | 11,709           |              |              |                       |                       | 11,511            |                       |               | 11,719  |  |  |  |
|                                                                  |  |                        |                       |              |              |                       |                       |                        |                       |               |              |
| Equity                                                           |  |                        |                       |              |              |                       |                       |                        |                       |               |              |
| Share capital                                                    |  | 898               |                       |              |              |                       | 875              |                        |                       | 1,030    |              |  |  |  |
| Share premium                                                    |  | 1,703             |                       |              |              |                       | 1,635            |                        |                       | 1,878    |              |  |  |  |
| Other reserves                                                   |  | 665               |                       |              |              |                       | 658              |                        |                       | 1,233    |              |  |  |  |
| Retained earnings                                                |  | 6,590             |                       |              |              |                       | 6,267            |                        |                       | 5,446    |              |  |  |  |
| Equity attributable to equity shareholders of the parent company |  |                        | 9,856            |              |              |                       |                       | 9,435             |                       |               | 9,587   |  |  |  |
| Non-controlling interests                                        |  |                        | 1,853            |              |              |                       |                       | 2,076             |                       |               | 2,132   |  |  |  |
| Total equity                                                     |  |                        | 11,709           |              |              |                       |                       | 11,511            |                       |               | 11,719  |  |  |  |
|                                                                  |  |                        |                       |              |              |                       |                       |                        |                       |               |              |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 4 | Diageo  Recast unaudited historical financial information |

----

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

|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |  |               |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------------------------------------------------------|-----------------------|-----------------------|-----------------------|-----------------------|---------------------------------|-------------------------|-----------------------|----------------------------------------------------|---------------------------|---------------|--|-------------|--|---------------|--|---------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                            |                       |                       |                       |                       | Retained earnings/(deficit) |                         |                       |                                                    |                           |               |  |             |
|                                                                            |                       | Sharecapital          | Sharepremium          | Other reserves        | Own shares                      | Other retained earnings | Total                 | Equity attributable to parent company shareholders | Non-controlling interests | Totalequity   |  |             |  |               |
|                                                                            | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million           | Re-presented$ million   | Re-presented$ million | Re-presented$ million                              | Re-presented$ million     |               |  |             |  |
| At 30 June 2020                                                            |                       | 913              |                       | 1,662            |                                 | 1,098              |                       | (2,382)                                            |                           | 7,039    |  | 4,657  |  | 8,330    |  | 2,051    |  | 10,381   |  |  |  |  |  |
| Other(1)                                                                   |                       | 118              |                       | 216              |                                 | (27)                    |                       | (307)                                              |                           | —  |  | (307)       |  | —  |  | —  |  | —  |  |  |  |  |  |
| Profit for the year                                                        |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 3,595    |  | 3,595  |  | 3,595    |  | 187      |  | 3,782    |  |  |  |  |  |
| Other comprehensive income/(loss)                                      |                       | —          |                       | —          |                                 | 161                |                       | —                                       |                           | (45)          |  | (45)        |  | 116      |  | 26       |  | 142      |  |  |  |  |  |
| Total comprehensive income for the year                                    |                       | —          |                       | —          |                                 | 161                |                       | —                                       |                           | 3,550    |  | 3,550  |  | 3,711    |  | 213      |  | 3,924    |  |  |  |  |  |
| Employee share schemes                                                     |                       | —          |                       | —          |                                 | —            |                       | 80                                            |                           | (13)          |  | 67     |  | 67       |  | —  |  | 67       |  |  |  |  |  |
| Share-based incentive plans                                                |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 66       |  | 66     |  | 66       |  | —  |  | 66       |  |  |  |  |  |
| Share-based incentive plans in respect of associates                       |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 4        |  | 4      |  | 4        |  | —  |  | 4        |  |  |  |  |  |
| Tax on share-based incentive plans                                         |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 12       |  | 12     |  | 12       |  | —  |  | 12       |  |  |  |  |  |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
| Purchase of non-controlling interests                                      |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (19)          |  | (19)        |  | (19)          |  | (35)          |  | (54)          |  |  |  |  |  |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
| Associates' transactions with non-controlling interests                    |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (123)         |  | (123)       |  | (123)         |  | —  |  | (123)         |  |  |  |  |  |
| Change in fair value of put option                                         |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (2)           |  | (2)         |  | (2)           |  | —  |  | (2)           |  |  |  |  |  |
| Share buyback programme                                                    |                       | (1)                   |                       | —          |                                 | 1                  |                       | —                                       |                           | (280)         |  | (280)       |  | (280)         |  | —  |  | (280)         |  |  |  |  |  |
| Dividend declared in the year                                              |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (2,179)       |  | (2,179)     |  | (2,179)       |  | (97)          |  | (2,276)       |  |  |  |  |  |
| At 30 June 2021                                                            |                       | 1,030            |                       | 1,878            |                                 | 1,233              |                       | (2,609)                                            |                           | 8,055    |  | 5,446  |  | 9,587    |  | 2,132    |  | 11,719   |  |  |  |  |  |
| Adjustment to 2021 closing equity in respect of hyperinflation in Turkey   |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 349      |  | 349    |  | 349      |  | —  |  | 349      |  |  |  |  |  |
| Adjusted at 30 June 2021                                                   |                       | 1,030            |                       | 1,878            |                                 | 1,233              |                       | (2,609)                                            |                           | 8,404    |  | 5,795  |  | 9,936    |  | 2,132    |  | 12,068   |  |  |  |  |  |
| Other(1)                                                                   |                       | (131)                 |                       | (243)                 |                                 | 40                 |                       | 334                                           |                           | —  |  | 334    |  | —  |  | —  |  | —  |  |  |  |  |  |
| Profit for the year                                                        |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 4,280    |  | 4,280  |  | 4,280    |  | 130      |  | 4,410    |  |  |  |  |  |
| Other comprehensive (loss)/income                                      |                       | —          |                       | —          |                                 | (639)                   |                       | —                                       |                           | 991      |  | 991    |  | 352      |  | (84)          |  | 268      |  |  |  |  |  |
| Total comprehensive (loss)/income for the year                         |                       | —          |                       | —          |                                 | (639)                   |                       | —                                       |                           | 5,271    |  | 5,271  |  | 4,632    |  | 46       |  | 4,678    |  |  |  |  |  |
| Employee share schemes                                                     |                       | —          |                       | —          |                                 | —            |                       | 52                                            |                           | 67       |  | 119    |  | 119      |  | —  |  | 119      |  |  |  |  |  |
| Share-based incentive plans                                                |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 79       |  | 79     |  | 79       |  | —  |  | 79       |  |  |  |  |  |
| Share-based incentive plans in respect of associates                       |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 5        |  | 5      |  | 5        |  | —  |  | 5        |  |  |  |  |  |
| Tax on share-based incentive plans                                         |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 11       |  | 11     |  | 11       |  | —  |  | 11       |  |  |  |  |  |
| Share based payments and purchase of own shares in respect of subsidiaries |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (15)          |  | (15)        |  | (15)          |  | (8)           |  | (23)          |  |  |  |  |  |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
| Unclaimed dividend                                                         |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 3        |  | 3      |  | 3        |  | 1        |  | 4        |  |  |  |  |  |
| Change in fair value of put option                                         |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (45)          |  | (45)        |  | (45)          |  | —  |  | (45)          |  |  |  |  |  |
| Share buyback programme                                                    |                       | (24)                  |                       | —          |                                 | 24                 |                       | —                                       |                           | (3,004)       |  | (3,004)     |  | (3,004)       |  | —  |  | (3,004)       |  |  |  |  |  |
| Dividend declared in the year                                              |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (2,286)       |  | (2,286)     |  | (2,286)       |  | (95)          |  | (2,381)       |  |  |  |  |  |
| At 30 June 2022                                                            |                       | 875              |                       | 1,635            |                                 | 658                |                       | (2,223)                                            |                           | 8,490    |  | 6,267  |  | 9,435    |  | 2,076    |  | 11,511   |  |  |  |  |  |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
| Other(1)                                                                   |                       | 36               |                       | 68               |                                 | (11)                    |                       | (93)                                               |                           | —  |  | (93)        |  | —  |  | —  |  | —  |  |  |  |  |  |
| Profit for the year                                                        |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 4,445    |  | 4,445  |  | 4,445    |  | 34       |  | 4,479    |  |  |  |  |  |
| Other comprehensive income/(loss)                                      |                       | —          |                       | —          |                                 | 5                  |                       | —                                       |                           | (387)         |  | (387)       |  | (382)         |  | (100)         |  | (482)         |  |  |  |  |  |
| Total comprehensive income/(loss) for the year                         |                       | —          |                       | —          |                                 | 5                  |                       | —                                       |                           | 4,058    |  | 4,058  |  | 4,063    |  | (66)          |  | 3,997    |  |  |  |  |  |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
| Employee share schemes                                                     |                       | —          |                       | —          |                                 | —            |                       | 30                                            |                           | 29       |  | 59     |  | 59       |  | —  |  | 59       |  |  |  |  |  |
| Share-based incentive plans                                                |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 58       |  | 58     |  | 58       |  | —  |  | 58       |  |  |  |  |  |
| Share-based incentive plans in respect of associates                       |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 6        |  | 6      |  | 6        |  | —  |  | 6        |  |  |  |  |  |
| Tax on share-based incentive plans                                         |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 7        |  | 7      |  | 7        |  | —  |  | 7        |  |  |  |  |  |
| Share based payments and purchase of own shares in respect of subsidiaries |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 4        |  | 4      |  | 4        |  | 2        |  | 6        |  |  |  |  |  |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
|                                                                            |                       |                       |                       |                       |                                 |                         |                       |                                                    |                           |               |  |             |  |               |
| Purchase of non-controlling interests                                      |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (136)         |  | (136)       |  | (136)         |  | (42)          |  | (178)         |  |  |  |  |  |
| Unclaimed dividend                                                         |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | 1        |  | 1      |  | 1        |  | —  |  | 1        |  |  |  |  |  |
| Associates' transactions with non-controlling interests                    |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (8)           |  | (8)         |  | (8)           |  | —  |  | (8)           |  |  |  |  |  |
| Change in fair value of put option                                         |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (19)          |  | (19)        |  | (19)          |  | —  |  | (19)          |  |  |  |  |  |
| Share buyback programme                                                    |                       | (13)                  |                       | —          |                                 | 13                 |                       | —                                       |                           | (1,543)       |  | (1,543)     |  | (1,543)       |  | —  |  | (1,543)       |  |  |  |  |  |
| Dividend declared in the year                                              |                       | —          |                       | —          |                                 | —            |                       | —                                       |                           | (2,071)       |  | (2,071)     |  | (2,071)       |  | (117)         |  | (2,188)       |  |  |  |  |  |
| At 30 June 2023                                                            |                       | 898              |                       | 1,703            |                                 | 665                |                       | (2,286)                                            |                           | 8,876    |  | 6,590  |  | 9,856    |  | 1,853    |  | 11,709   |  |  |  |  |  |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 5 | Diageo  Recast 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 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)           |             |  |
|                                                                    |  |  |                         |                         |                         |                       |                       |                       |                       |                       |
| Sale of businesses and brands                                      |  |  |                         |                         | 559                |                       |                       | 102              |                       |                       | 20       |             |  |
| Acquisition of subsidiaries                                        |  |  |                         |                         | (404)                   |                       |                       | (278)                 |                       |                       | (588)         |             |  |
| Investment in associates and joint ventures                        |  |  |                         |                         | (112)                   |                       |                       | (86)                  |                       |                       | (52)          |             |  |
| Net cash outflow from investing activities                         |  |  |                         |                         |                         | (1,426)               |                       |                       | (1,792)               |                       |               | (1,453)     |  |
| Cash flows from financing activities                               |  |  |                         |                         |                         |                       |                       |                       |                       |                       |
| Share buyback programme                                            |  |  |                         |                         | (1,673)                 |                       |                       | (2,985)               |                       |                       | (153)         |             |  |
|                                                                    |  |  |                         |                         |                         |                       |                       |                       |                       |                       |
| Net sale of own shares for share schemes                           |  |  |                         |                         | 36                 |                       |                       | 24               |                       |                       | 66       |             |  |
| Purchase of treasury shares in respect of subsidiaries             |  |  |                         |                         | —            |                       |                       | (20)                  |                       |                       | —  |             |  |
| Dividends paid to non-controlling interests                        |  |  |                         |                         | (117)                   |                       |                       | (108)                 |                       |                       | (104)         |             |  |
|                                                                    |  |  |                         |                         |                         |                       |                       |                       |                       |                       |
| Proceeds from bonds                                                |  |  |                         |                         | 2,537              |                       |                       | 2,971            |                       |                       | 1,310    |             |  |
| Repayment of bonds                                                 |  |  |                         |                         | (1,650)                 |                       |                       | (2,060)               |                       |                       | (1,612)       |             |  |
| Purchase of shares of non-controlling interests                    |  |  |                         |                         | (178)                   |                       |                       | —          |                       |                       | (54)          |             |  |
| Cash inflow from other borrowings                        |  |  |                         |                         | 521                |                       |                       | 667              |                       |                       | 46       |             |  |
| Cash outflow from other borrowings                                 |  |  |                         |                         | (452)                   |                       |                       | (562)                 |                       |                       | (1,067)       |             |  |
| Equity dividends paid                                              |  |  |                         |                         | (2,065)                 |                       |                       | (2,300)               |                       |                       | (2,179)       |             |  |
| Net cash outflow from financing activities                         |  |  |                         |                         |                         | (3,041)               |                       |                       | (4,373)               |                       |               | (3,747)     |  |
|                                                                    |  |  |                         |                         |                         |                       |                       |                       |                       |                       |
| Net decrease in net cash and cash equivalents                      |  |  |                         |                         |                         | (831)                 |                       |                       | (952)                 |                       |               | (268)       |  |
| Exchange differences                                               |  |  |                         |                         |                         | (76)                  |                       |                       | (38)                  |                       |               | 55     |  |
| Net cash and cash equivalents at beginning of the year             |  |  |                         |                         |                         | 2,675            |                       |                       | 3,665            |                       |               | 3,878  |  |
| Net cash and cash equivalents at end of the year                   |  |  |                         |                         |                         | 1,768            |                       |                       | 2,675            |                       |               | 3,665  |  |
|                                                                    |  |  |                         |                         |                         |                       |                       |                       |                       |                       |
| Net cash and cash equivalents consist of:                      |  |  |                         |                         |                         |                       |                       |                       |                       |                       |
| Cash and cash equivalents                                          |  |  |                         |                         |                         | 1,813            |                       |                       | 2,765            |                       |               | 3,821  |  |
| Bank overdrafts                                                    |  |  |                         |                         |                         | (45)                  |                       |                       | (90)                  |                       |               | (156)       |  |
|                                                                    |  |  |                         |                         |                         | 1,768            |                       |                       | 2,675            |                       |               | 3,665  |  |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 6 | Diageo  Recast unaudited historical financial information |

----

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

|                                                             |                       |                       |                       |                             |                       |                       |                                |                          |                       |                       |               |  |               |  |               |  |               |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|-----------------------|-----------------------|-----------------------|-----------------------------|-----------------------|-----------------------|--------------------------------|--------------------------|-----------------------|-----------------------|---------------|--|---------------|--|---------------|--|---------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                             | North America         | Europe                | Asia Pacific          | Latin America and Caribbean | Africa                | SC&P              | Eliminate inter- segment sales | Total operating segments | Corporate and other   | Total                 |
| Year ended 30 June 2023                                     | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million       | Re-presented$ million | Re-presented$ million | Re-presented$ million          | Re-presented$ million    | Re-presented$ million | Re-presented$ million |
| Sales                                                       | 8,859            |                       | 7,245            |                             | 6,484            |                       | 2,714                     |                          | 2,864            |                       | 3,687    |  | (3,687)       |  | 28,166   |  | 104      |  | 28,270   |  |
| Net sales                                                   |                       |                       |                       |                             |                       |                       |                                |                          |                       |                       |
| At budgeted exchange rates(1)                               | 8,109            |                       | 4,526            |                             | 4,134            |                       | 2,200                     |                          | 2,186            |                       | 3,943    |  | (3,854)       |  | 21,244   |  | 115      |  | 21,359   |  |
| Acquisitions and disposals                                  | 27               |                       | 27               |                             | 48               |                       | 3                         |                          | 138              |                       | —  |  | —  |  | 243      |  | —  |  | 243      |  |
| SC&P allocation                                         | 10               |                       | 52               |                             | 11               |                       | 12                        |                          | 4                |                       | (89)          |  | —  |  | —  |  | —  |  | —  |  |
| Retranslation to actual exchange rates                      | (37)                  |                       | (537)                 |                             | (352)                 |                       | (56)                           |                          | (289)                 |                       | (167)         |  | 167      |  | (1,271)       |  | (11)          |  | (1,282)       |  |
| Hyperinflation                                              | —          |                       | 235              |                             | —          |                       | —                   |                          | —          |                       | —  |  | —  |  | 235      |  | —  |  | 235      |  |
| Net sales                                                   | 8,109            |                       | 4,303            |                             | 3,841            |                       | 2,159                     |                          | 2,039            |                       | 3,687    |  | (3,687)       |  | 20,451   |  | 104      |  | 20,555   |  |
| Operating profit/(loss)                                 |                       |                       |                       |                             |                       |                       |                                |                          |                       |                       |
| At budgeted exchange rates(1)                               | 3,132            |                       | 1,441            |                             | 1,187            |                       | 800                       |                          | 466              |                       | (42)          |  | —  |  | 6,984    |  | (392)         |  | 6,592    |  |
| Acquisitions and disposals                                  | (23)                  |                       | (19)                  |                             | 7                |                       | —                   |                          | 37               |                       | —  |  | —  |  | 2        |  | (8)           |  | (6)           |  |
| SC&P allocation                                         | 3                |                       | (31)                  |                             | (7)                   |                       | (4)                            |                          | (3)                   |                       | 42       |  | —  |  | —  |  | —  |  | —  |  |
| Fair value remeasurement                                    | 122              |                       | 34               |                             | —          |                       | 1                         |                          | —          |                       | —  |  | —  |  | 157      |  | —  |  | 157      |  |
|                                                             |                       |                       |                       |                             |                       |                       |                                |                          |                       |                       |
| Retranslation to actual exchange rates                      | (12)                  |                       | (144)                 |                             | (83)                  |                       | (14)                           |                          | (211)                 |                       | —  |  | —  |  | (464)         |  | 3        |  | (461)         |  |
| Hyperinflation                                              | —          |                       | 31               |                             | —          |                       | —                   |                          | —          |                       | —  |  | —  |  | 31       |  | —  |  | 31       |  |
| Operating profit/(loss) before exceptional items        | 3,222            |                       | 1,312            |                             | 1,104            |                       | 783                       |                          | 289              |                       | —  |  | —  |  | 6,710    |  | (397)         |  | 6,313    |  |
| Exceptional operating items                                 | (118)                 |                       | (12)                  |                             | (581)                 |                       | —                   |                          | (55)                  |                       | —  |  | —  |  | (766)         |  | —  |  | (766)         |  |
| Operating profit/(loss)                                 | 3,104            |                       | 1,300            |                             | 523              |                       | 783                       |                          | 234              |                       | —  |  | —  |  | 5,944    |  | (397)         |  | 5,547    |  |
| Non-operating items                                         |                       |                       |                       |                             |                       |                       |                                |                          |                       | 364              |               |
| Net finance charges                                         |                       |                       |                       |                             |                       |                       |                                |                          |                       | (712)                 |               |
| Share of after tax results of associates and joint ventures |                       |                       |                       |                             |                       |                       |                                |                          |                       | 443              |               |
| Profit before taxation                                      |                       |                       |                       |                             |                       |                       |                                |                          |                       | 5,642            |               |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 7 | Diageo  Recast unaudited historical financial information |

----

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

|                                                             |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |               |  |               |  |               |  |               |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|-----------------------|-----------------------|-----------------------|-----------------------------|-----------------------|-----------------------|-----------------------------|------------------------|-----------------------|-----------------------|---------------|--|---------------|--|---------------|--|---------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                             | North America         | Europe                | AsiaPacific           | Latin America and Caribbean | Africa                | SC&P              | Eliminateinter-segmentsales | Totaloperatingsegments | Corporateand other    | Total                 |
| Year ended 30 June 2022                                     | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million       | Re-presented$ million | Re-presented$ million | Re-presented$ million       | Re-presented$ million  | Re-presented$ million | Re-presented$ million |
| Sales                                                       | 8,888            |                       | 7,531            |                             | 7,481            |                       | 2,585                  |                        | 3,196            |                       | 2,672    |  | (2,672)       |  | 29,681   |  | 70       |  | 29,751   |  |
| Net sales                                                   |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |
| At budgeted exchange rates(1)                               | 8,037            |                       | 4,398            |                             | 3,887            |                       | 2,007                  |                        | 2,292            |                       | 2,829    |  | (2,720)       |  | 20,730   |  | 74       |  | 20,804   |  |
| Acquisitions and disposals                                  | 46               |                       | 32               |                             | —          |                       | 4                      |                        | 20               |                       | —  |  | —  |  | 102      |  | —  |  | 102      |  |
| SC&P allocation                                         | 13               |                       | 63               |                             | 13               |                       | 16                     |                        | 4                |                       | (109)         |  | —  |  | —  |  | —  |  | —  |  |
| Retranslation to actual exchange rates                      | 10               |                       | (510)                 |                             | (63)                  |                       | —                |                        | (78)                  |                       | (48)          |  | 48       |  | (641)         |  | (4)           |  | (645)         |  |
| Hyperinflation                                              | —          |                       | 255              |                             | —          |                       | —                |                        | —          |                       | —  |  | —  |  | 255      |  | —  |  | 255      |  |
| Net sales                                                   | 8,106            |                       | 4,238            |                             | 3,837            |                       | 2,027                  |                        | 2,238            |                       | 2,672    |  | (2,672)       |  | 20,446   |  | 70       |  | 20,516   |  |
| Operating profit/(loss)                                 |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |
| At budgeted exchange rates(1)                               | 3,224            |                       | 1,464            |                             | 948              |                       | 715                    |                        | 466              |                       | (31)          |  | —  |  | 6,786    |  | (343)         |  | 6,443    |  |
| Acquisitions and disposals                                  | (37)                  |                       | 14               |                             | —          |                       | —                |                        | (13)                  |                       | —  |  | —  |  | (36)          |  | —  |  | (36)          |  |
| SC&P allocation                                         | (3)                   |                       | (23)                  |                             | (1)                   |                       | (3)                         |                        | (1)                   |                       | 31       |  | —  |  | —  |  | —  |  | —  |  |
| Fair value remeasurement                                    | 43               |                       | 48               |                             | —          |                       | (10)                        |                        | —          |                       | —  |  | —  |  | 81       |  | —  |  | 81       |  |
|                                                             |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |
|                                                             |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |
| Retranslation to actual exchange rates                      | 41               |                       | (172)                 |                             | —          |                       | 10                     |                        | (33)                  |                       | —  |  | —  |  | (154)         |  | 26       |  | (128)         |  |
| Hyperinflation                                              | —          |                       | 14               |                             | —          |                       | —                |                        | —          |                       | —  |  | —  |  | 14       |  | —  |  | 14       |  |
| Operating profit/(loss) before exceptional items        | 3,268            |                       | 1,345            |                             | 947              |                       | 712                    |                        | 419              |                       | —  |  | —  |  | 6,691    |  | (317)         |  | 6,374    |  |
| Exceptional operating items                                 | (1)                   |                       | (184)                 |                             | (292)                 |                       | —                |                        | —          |                       | —  |  | —  |  | (477)         |  | —  |  | (477)         |  |
| Operating profit/(loss)                                 | 3,267            |                       | 1,161            |                             | 655              |                       | 712                    |                        | 419              |                       | —  |  | —  |  | 6,214    |  | (317)         |  | 5,897    |  |
| Non-operating items                                         |                       |                       |                       |                             |                       |                       |                             |                        |                       | (88)                  |               |
| Net finance charges                                         |                       |                       |                       |                             |                       |                       |                             |                        |                       | (556)                 |               |
| Share of after tax results of associates and joint ventures |                       |                       |                       |                             |                       |                       |                             |                        |                       | 555              |               |
| Profit before taxation                                      |                       |                       |                       |                             |                       |                       |                             |                        |                       | 5,808            |               |

|                                                             |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |               |  |               |  |               |  |               |  |               |  |  |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------------------------|-----------------------|-----------------------|-----------------------|-----------------------------|-----------------------|-----------------------|-----------------------------|------------------------|-----------------------|-----------------------|---------------|--|---------------|--|---------------|--|---------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                             | North America         | Europe                | AsiaPacific           | Latin America and Caribbean | Africa                | SC&P              | Eliminateinter-segmentsales | Totaloperatingsegments | Corporateand other    | Total                 |
| Year ended 30 June 2021                                     | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million       | Re-presented$ million | Re-presented$ million | Re-presented$ million       | Re-presented$ million  | Re-presented$ million | Re-presented$ million |
| Sales                                                       | 7,835            |                       | 6,473            |                             | 6,948            |                       | 1,849                  |                        | 2,727            |                       | 2,075    |  | (2,075)       |  | 25,832   |  | 26       |  | 25,858   |  |
| Net sales                                                   |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |
| At budgeted exchange rates(1)                               | 6,963            |                       | 3,250            |                             | 3,227            |                       | 1,482                  |                        | 1,942            |                       | 2,050    |  | (1,950)       |  | 16,964   |  | 25       |  | 16,989   |  |
| Acquisitions and disposals                                  | 35               |                       | 3                |                             | —          |                       | —                |                        | 6                |                       | —  |  | —  |  | 44       |  | —  |  | 44       |  |
| SC&P allocation                                         | 12               |                       | 56               |                             | 11               |                       | 16                     |                        | 5                |                       | (100)         |  | —  |  | —  |  | —  |  | —  |  |
| Retranslation to actual exchange rates                      | 23               |                       | 144              |                             | 121              |                       | (85)                        |                        | (46)                  |                       | 125      |  | (125)         |  | 157      |  | 1        |  | 158      |  |
| Net sales                                                   | 7,033            |                       | 3,453            |                             | 3,359            |                       | 1,413                  |                        | 1,907            |                       | 2,075    |  | (2,075)       |  | 17,165   |  | 26       |  | 17,191   |  |
| Operating profit/(loss)                                 |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |
| At budgeted exchange rates(1)                               | 3,111            |                       | 918              |                             | 791              |                       | 530                    |                        | 286              |                       | (121)         |  | —  |  | 5,515    |  | (275)         |  | 5,240    |  |
| Acquisitions and disposals                                  | (24)                  |                       | (3)                   |                             | —          |                       | —                |                        | —          |                       | —  |  | —  |  | (27)          |  | —  |  | (27)          |  |
| SC&P allocation                                         | (38)                  |                       | (40)                  |                             | (6)                   |                       | (33)                        |                        | (4)                   |                       | 121      |  | —  |  | —  |  | —  |  | —  |  |
| Fair value remeasurement                                    | (10)                  |                       | (34)                  |                             | —          |                       | —                |                        | —          |                       | —  |  | —  |  | (44)          |  | —  |  | (44)          |  |
|                                                             |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |
|                                                             |                       |                       |                       |                             |                       |                       |                             |                        |                       |                       |
| Retranslation to actual exchange rates                      | (35)                  |                       | 20               |                             | 31               |                       | (72)                        |                        | (51)                  |                       | —  |  | —  |  | (107)         |  | (5)           |  | (112)         |  |
| Operating profit/(loss) before exceptional items        | 3,004            |                       | 861              |                             | 816              |                       | 425                    |                        | 231              |                       | —  |  | —  |  | 5,337    |  | (280)         |  | 5,057    |  |
| Exceptional operating items                                 | —          |                       | (21)                  |                             | —          |                       | —                |                        | —          |                       | —  |  | —  |  | (21)          |  | —  |  | (21)          |  |
| Operating profit/(loss)                                 | 3,004            |                       | 840              |                             | 816              |                       | 425                    |                        | 231              |                       | —  |  | —  |  | 5,316    |  | (280)         |  | 5,036    |  |
| Non-operating items                                         |                       |                       |                       |                             |                       |                       |                             |                        |                       | 20               |               |
| Net finance charges                                         |                       |                       |                       |                             |                       |                       |                             |                        |                       | (504)                 |               |
| Share of after tax results of associates and joint ventures |                       |                       |                       |                             |                       |                       |                             |                        |                       | 452              |               |
| Profit before taxation                                      |                       |                       |                       |                             |                       |                       |                             |                        |                       | 5,004            |               |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 8 | Diageo  Recast unaudited historical financial information |

----

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

|                                                                 |                       |                       |                       |                          |                       |                       |                       |                       |               |  |               |  |               |  |             |  |  |  |  |  |  |  |  |  |  |  |
|-----------------------------------------------------------------|-----------------------|-----------------------|-----------------------|--------------------------|-----------------------|-----------------------|-----------------------|-----------------------|---------------|--|---------------|--|---------------|--|-------------|--|--|--|--|--|--|--|--|--|--|--|
|                                                                 |  NorthAmerica    | Europe                | AsiaPacific           | LatinAmericaandCaribbean | Africa                | SC&P              | Corporateand other    | Total                 |
| Year ended 30 June 2023                                         | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million    | Re-presented$ million | Re-presented$ million | Re-presented$ million | Re-presented$ million |
| Purchase of property, plant and equipment and computer software | 236              |                       | 252              |                          | 198              |                       | 146              |                       | 152      |  | 427      |  | 6        |  | 1,417  |  |
| Depreciation and intangible asset amortisation                  | (114)                 |                       | (118)                 |                          | (75)                  |                       | (22)                  |                       | (95)          |  | (161)         |  | (12)          |  | (597)       |  |
|                                                                 |                       |                       |                       |                          |                       |                       |                       |                       |
| Exceptional impairment of tangible assets                       | (63)                  |                       | 3                |                          | (27)                  |                       | —          |                       | —  |  | —  |  | —  |  | (87)        |  |
| Exceptional impairment of intangible assets                     | (36)                  |                       | (31)                  |                          | (546)                 |                       | —          |                       | —  |  | —  |  | —  |  | (613)       |  |
| Year ended 30 June 2022                                         |                       |                       |                       |                          |                       |                       |                       |                       |
| Purchase of property, plant and equipment and computer software | 306              |                       | 247              |                          | 194              |                       | 170              |                       | 184      |  | 341      |  | 15       |  | 1,457  |  |
| Depreciation and intangible asset amortisation                  | (107)                 |                       | (121)                 |                          | (124)                 |                       | (21)                  |                       | (106)         |  | (157)         |  | (15)          |  | (651)       |  |
|                                                                 |                       |                       |                       |                          |                       |                       |                       |                       |
| Exceptional impairment of tangible assets                       | —          |                       | (4)                   |                          | —          |                       | —          |                       | —  |  | —  |  | —  |  | (4)         |  |
| Exceptional impairment of intangible assets                     | —          |                       | (119)                 |                          | (290)                 |                       | —          |                       | —  |  | —  |  | —  |  | (409)       |  |
| Year ended 30 June 2021                                         |                       |                       |                       |                          |                       |                       |                       |                       |
| Purchase of property, plant and equipment and computer software | 206              |                       | 32               |                          | 74               |                       | 26               |                       | 169      |  | 169      |  | 168      |  | 844    |  |
| Depreciation and intangible asset amortisation                  | (101)                 |                       | (43)                  |                          | (81)                  |                       | (22)                  |                       | (107)         |  | (169)         |  | (81)          |  | (604)       |  |
|                                                                 |                       |                       |                       |                          |                       |                       |                       |                       |
|                                                                 |                       |                       |                       |                          |                       |                       |                       |                       |
|                                                                 |                       |                       |                       |                          |                       |                       |                       |                       |
|                                                                 |                       |                       |                       |                          |                       |                       |                       |                       |
|                                                                 |                       |                       |                       |                          |                       |                       |                       |                       |

|                            |                                   |                                |                                      |                            |                            |                                   |                            |                                   |                                   |                            |             |        |             |  |             |  |        |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|----------------------------|-----------------------------------|--------------------------------|--------------------------------------|----------------------------|----------------------------|-----------------------------------|----------------------------|-----------------------------------|-----------------------------------|----------------------------|-------------|--------|-------------|--|-------------|--|--------|--------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                            | Category analysis                 | Geographical analysis          |
| Year ended 30 June 2023    | SpiritsRe-presented$ million | BeerRe-presented$ million | Ready to drinkRe-presented $ million | OtherRe-presented$ million | TotalRe-presented$ million | UnitedStatesRe-presented$ million | IndiaRe-presented$ million | GreatBritainRe-presented$ million | Rest ofworldRe-presented$ million | TotalRe-presented$ million |
| Sales(1)                   | 22,855                            | 4,026                          | 1,079                                | 310                        | 28,270                     | 8,366                        |                            | 3,301                        |                                   | 2,565                 |             | 14,038 | 28,270      |
| Non-current assets(2), (3) |                                   |                                |                                      |                            |                            | 7,328                        |                            | 2,265                        |                                   | 3,665                 |             | 14,118 | 27,376      |
| Year ended 30 June 2022    |                                   |                                |                                      |                            |                            |                                   |                            |                                   |                                   |                            |
| Sales(1)                   | 24,059                       |                                | 4,160                           |                            | 1,172                 |                                   | 360                   |                                   | 29,751                       |                            | 8,415  |        | 4,282  |  | 2,848  |  | 14,206 | 29,751 |
| Non-current assets(2), (3) |                                   |                                |                                      |                            |                            | 7,137                        |                            | 2,899                        |                                   | 2,920                 |             | 13,143 | 26,099      |
| Year ended 30 June 2021    |                                   |                                |                                      |                            |                            |                                   |                            |                                   |                                   |                            |
| Sales(1)                   | 21,106                       |                                | 3,459                           |                            | 1,000                 |                                   | 293                   |                                   | 25,858                       |                            | 7,346  |        | 4,065  |  | 2,460  |  | 11,987 | 25,858 |
| Non-current assets(2), (3) |                                   |                                |                                      |                            |                            | 6,004                        |                            | 3,559                        |                                   | 2,946                 |             | 13,990 | 26,499      |

|   |                                                                 |  |  |  |  |
|---|-----------------------------------------------------------------|--|--|--|--|
| 9 | Diageo  Recast 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 movementRe-presented% |
| 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) |           |

|                                           |                  |                       |       |                                      |                              |                       |                               |                  |                                |               |          |           |  |              |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|-----------------------|-------------------------------|------------------|--------------------------------|---------------|----------|-----------|--|--------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| 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 movementRe-presented% |
| 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 movementRe-presented% |  |
| 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)           |  |             |

|                                           |                  |                       |          |                                      |                              |                       |                  |                                |  |               |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|----------|--------------------------------------|------------------------------|-----------------------|------------------|--------------------------------|--|---------------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million)       |
|                                           | 2021Re-presented | Exchange Re-presented |          | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | 2022Re-presented | Reported movementRe-presented% |  |
| 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        |  |             |

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 10 | Diageo  Recast 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 movementRe-presented% |
| 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  |           |

|                                           |                  |                       |       |                                      |                              |                       |                               |                  |                                |               |          |           |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|-----------------------|-------------------------------|------------------|--------------------------------|---------------|----------|-----------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| 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 movementRe-presented% |
| 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  |           |

|                                           |                  |                       |       |                                      |                              |                  |                                |           |      |             |  |               |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|------------------|--------------------------------|-----------|------|-------------|--|---------------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2023 ($ million)       |
|                                           | 2022Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | 2023Re-presented | Reported movementRe-presented% |           |      |
| 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) |             |  |               |

|                                           |                  |                       |      |                                      |                              |                  |                                |           |      |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|------|--------------------------------------|------------------------------|------------------|--------------------------------|-----------|------|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million)       |
|                                           | 2021Re-presented | Exchange Re-presented |      | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | 2022Re-presented | Reported movementRe-presented% |           |      |
| 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 movementRe-presented% |
| 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  |  |

|                                     |                  |                       |         |                                      |                              |                       |                  |                                |  |               |  |             |  |          |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------|------------------|-----------------------|---------|--------------------------------------|------------------------------|-----------------------|------------------|--------------------------------|--|---------------|--|-------------|--|----------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2022 ($ million) |
|                                     | 2021Re-presented | Exchange Re-presented |         | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | Other(3) Re-presented | 2022Re-presented | Reported movementRe-presented% |  |
| 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  |  |  |
|                                     |                  |                       |         |                                      |                              |                       |                  |                                |  |
|                                     |                  |                       |         |                                      |                              |                       |                  |                                |  |

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 11 | Diageo  Recast unaudited historical financial information |

----

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

|                                           |                  |                       |       |                                      |                              |                  |                                |           |      |             |  |      |  |  |  |  |  |  |  |  |  |  |  |
|-------------------------------------------|------------------|-----------------------|-------|--------------------------------------|------------------------------|------------------|--------------------------------|-----------|------|-------------|--|------|--|--|--|--|--|--|--|--|--|--|--|
| Year ended 30 June 2023 ($ million)       |
|                                           | 2022Re-presented | Exchange Re-presented |       | AcquisitionsanddisposalsRe-presented | Organic movementRe-presented | 2023Re-presented | Reported movementRe-presented% |           |      |
| 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) |             |  |      |

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

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 12 | Diageo  Recast unaudited historical financial information |

----

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

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 13 | Diageo  Recast 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                          |  |  |  |  |  |  |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |  |  |  |  |  |  |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |  |  |  |  |  |  |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |  |  |  |  |  |  |
|                              |                                    |                             |                                  |                                                 |                             |                                   |                            |  |  |  |  |  |  |

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

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 14 | Diageo  Recast unaudited historical financial information |

----

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

|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|------------------------------------------------------------------------------------------------|------------------------------------------|-----------------------------|----------------------------------|-------------------------------------------------|-------------------------------|-----------------------------------|----------------------------|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|--|
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                | North AmericaRe-presented $ million | EuropeRe-presented$ million | AsiaPacificRe-presented$ million | Latin Americaand CaribbeanRe-presented$ million | Africa Re-presented $ million | Corporate(2)Re-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                          |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |
|                                                                                                |                                          |                             |                                  |                                                 |                               |                                   |                            |  |  |

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

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 15 | Diageo  Recast 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                                                      |                                    |                             |                                  |                                                 |                             |                                   |                            |
| 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   |             |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |
|                                                                                                |                                    |                             |                                  |                                                 |                             |                                   |                            |

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 16 | Diageo  Recast unaudited historical financial information |

----

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

|                                                                                           |                       |                       |                       |  |             |  |  |  |  |  |  |  |
|-------------------------------------------------------------------------------------------|-----------------------|-----------------------|-----------------------|--|-------------|--|--|--|--|--|--|--|
|                                                                                           | 30 June 2023          | 30 June 2022          | 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              |                       | 565              |  | 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)                 |                       | (125)                 |  | 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            |  |             |

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

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 17 | Diageo  Recast unaudited historical financial information |

----

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

|                                                                                  |  |  |                       |                       |                       |  |               |  |  |  |  |  |  |
|----------------------------------------------------------------------------------|--|--|-----------------------|-----------------------|-----------------------|--|---------------|--|--|--|--|--|--|
|                                                                                  |  |  | 2023                  | 2022                  | 2021                  |
|                                                                                  |  |  | Re-presented$ million | Re-presented$ million | Re-presented$ million |
|                                                                                  |  |  |                       |                       |                       |
| Borrowings due within one year                                                   |  |  | 2,142            |                       | 1,842            |  | 2,589    |  |
| Borrowings due after one year                                                    |  |  | 18,649           |                       | 17,543           |  | 17,883   |  |
| Fair value of foreign currency derivatives and interest rate hedging instruments |  |  | 40               |                       | (88)                  |  | (323)         |  |
| Lease liabilities                                                                |  |  | 564              |                       | 575              |  | 504      |  |
| Less: Cash and cash equivalents                                              |  |  | (1,813)               |                       | (2,765)               |  | (3,821)       |  |
| Net borrowings                                                                   |  |  | 19,582           |                       | 17,107           |  | 16,832   |  |
| Post employment benefit liabilities before tax                                   |  |  | 471              |                       | 486              |  | 798      |  |
| Adjusted net borrowings                                                          |  |  | 20,053           |                       | 17,593           |  | 17,630   |  |
|                                                                                  |  |  |                       |                       |                       |
| Profit for the year                                                              |  |  | 4,479            |                       | 4,410            |  | 3,782    |  |
| Taxation                                                                         |  |  | 1,163            |                       | 1,398            |  | 1,222    |  |
| Net finance charges                                                              |  |  | 712              |                       | 556              |  | 504      |  |
| Depreciation, amortisation and impairment (excluding exceptional impairment)     |  |  | 597              |                       | 655              |  | 604      |  |
| Exceptional impairment                                                           |  |  | 700              |                       | 409              |  | —  |  |
| EBITDA                                                                           |  |  | 7,651            |                       | 7,428            |  | 6,112    |  |
| Exceptional operating items (excluding impairment)                               |  |  | 66               |                       | 64               |  | 21       |  |
| Non-operating items                                                              |  |  | (364)                 |                       | 88               |  | (20)          |  |
| Adjusted EBITDA                                                                  |  |  | 7,353            |                       | 7,580            |  | 6,113    |  |
| Adjusted net borrowings to adjusted EBITDA                                       |  |  | 2.7              |                       | 2.3              |  | 2.9      |  |

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 18 | Diageo  Recast unaudited historical financial information |

----

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

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 19 | Diageo  Recast unaudited historical financial information |

----

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

|                            |                       |                                   |  |  |  |  |  |  |
|----------------------------|-----------------------|-----------------------------------|--|--|--|--|--|--|
| Investor enquiries to: | Durga Doraisamy       | +44 (0)7902 126906                |
|                            | Andy Ryan             | +44 (0)7803 854842                |
|                            | Brian Shipman         | +1 917 710 3007                   |
|                            |                       | investor.relations@diageo.com |
|                            |                       |                                   |
| Media enquiries to:    | Brendan O’Grady | +44 (0)7812 183750                |
|                            | Clare Cavana          | +44 (0)7751 742072                |
|                            | Isabel Batchelor      | +44 (0)7731 988857                |
|                            |                       | press@diageo.com              |

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 20 | Diageo  Recast unaudited historical financial information |

----

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

|                                    |  |  |
|------------------------------------|--|--|
|                                    |
| /s/ Lavanya Chandrashekar  |
| Name: Lavanya Chandrashekar    |
| Title: Chief Financial Officer |
|                                    |
| 30 January 2024               |

|    |                                                                 |  |  |  |  |
|----|-----------------------------------------------------------------|--|--|--|--|
| 21 | Diageo  Recast unaudited historical financial information |