| Diageo Capital plc | Filed under Rule 424 (b)(2), Registration Statement No. 333-14100 | |
| $1,000,000,000 | Pricing SupplementNo. 21datedDecember 9th, 2002 | |
| Diageo Notes | (To prospectus dated November 30, 2001, and prospectus supplement dated March 22, 2002) |
| Cusip | Aggregate | Price to | Purchasing | Net Proceeds | Interest Rate | Interest Payment | Stated Maturity | Survivor’s | ||||||||||||||||||
| Number | Principal Amount | Public(1) | Agent#146;s Discount(1) | to Issuer | Per Annum | Dates | Date | Option | ||||||||||||||||||
| 25243FAZ3 | $5,000,000 | 100 | 1.300% | $ | 4,935,000 | 4.90% | Each June 15 and December 15 | December 18, 2012 | YES | |||||||||||||||||
Redemption Information: Redeemable at the option of Diageo Capital on June 15, 2004 and each Interest Payment Date thereafter, at a redemption price equal to 100%.
 | Trade Date:13 December 2002 | Merrill Lynch & Co. | ||
| 8 Henrietta Place | Issue Date:18 December 2002 | Purchasing Agent | ||
| London, W1G 0NB | Original Issue Discount: No | Acting as Principal | ||
| Minimum Denominations/Increments: $1,000/$1,000 | ||||
| All trades settle without accrued interest and clear SDFS: DTC Book-Entry only | ||||
| DTC Participant Number: 5132 | ||||
| In the event of various tax law changes and other limited circumstances that require | ||||
| us to pay additional amounts as more fully described in the accompanying prospectus | ||||
| and prospectus supplement, we may redeem the notes prior to their stated maturity date. | ||||
| (1) Expressed as a percentage of the aggregate principal amount. |