Slaughter and May advised Diageo on its issuance of EUR650,000,000 fixed rate Euro denominated bonds and GBP900,000,000 fixed rate sterling denominated bonds

Slaughter and May advised Diageo Capital B.V. on its issuance of EUR750,000,000 1.500 per cent. Fixed rate Euro Denominated Bonds due 2029 (the “2029 Bonds”) and EUR900,000,000 Fixed Rate Euro Denominated Bonds due 2034 (the “2034 Bonds), and Diageo Finance plc on its issuance of GBP300,000,000 2.375 per cent. Fixed Rate Sterling Denominated Bonds due 2028 (the “2028 Bonds”) and GBP600,000,000 2.750 per cent. Fixed Rate Sterling Denominated Bonds due 2038 (the “2038 Bonds”) (together, the “Bonds”). The Bonds were issued under the European Debt Issuance Programme established by Diageo Capital B.V., Diageo Finance plc and Diageo plc.

The Bonds were issued on 8 April 2022. The Bonds have each been assigned a rating of A3 by Moody’s and A- by S&P. The Bonds have been admitted to the Official List of the FCA and to trading on the regulated market of the London Stock Exchange.

Barclays Bank PLC, BofA Securities Europe SA, Deutsche Bank Aktiengesellschaft, Goldman Sachs Bank Europe SE, Credit Suisse Bank (Europe) S.A., RBC Europe Limited and Standard Chartered Bank acted as joint lead managers in connection with the issuances of the 2029 Bonds and the 2034 Bonds. Barclays Bank PLC, Deutsche Bank AG, London Branch, Goldman Sachs Bank Europe SE, Merrill Lynch International, Credit Suisse International, RBC Europe Limited and Standard Chartered Bank acted as joint lead managers in connection with the issuances of the 2028 Bonds and the 2038 Bonds.