RNS No 4982a
DIAGEO PLC
12 April 1999


                Diageo plc - re Cruzcampo

Diageo   today  announced  that  in  response  to  recent
approaches   by   potential  purchasers  concerning   its
interests in the Cruzcampo beer business in Spain, it has
agreed  a  process for receiving and considering possible
offers.  In evaluating these, Diageo will apply its usual
criteria of shareholder value creation.  This process may
or may not lead to a sale of its interest in the company.

Further information:

Catherine James    Investor Relations  0171 927 5272
Murray Loake       Media Relations     0171 927 5967

END

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