Director Shareholding

TO:       Regulatory Information Service                                 
                                                                         
          PR Newswire                                                    
                                                                         
RE:       CHAPTER 16 PARAGRAPH 13 OF                                     
                                                                         
          CONTINUING OBLIGATIONS                                         

 

Diageo plc (the 'Company') announces the following:

1) that it received notification on 10 September 2002 for the purposes of
Section 329 of the Companies Act 1985 from Diageo Share Ownership Trustees
Limited (the 'Trustee'), as trustee of the Diageo 2001 All Employee Share
Ownership Plan (the 'Plan') that the following directors were allocated
Ordinary shares of 28 101/108 pence ('Ordinary Shares') in the Company on 10
September 2002 under the Plan, an Inland Revenue approved plan operated by
Diageo Group companies for the benefit of employees of the Company and its
subsidiaries:

Name of Director                        Number of Ordinary Shares              
                                                                               
N C Rose                                24                                     
                                                                               
P S Walsh                               24                                     

The number of Ordinary Shares allocated comprises those purchased by the
Trustee using an amount which the employee has chosen to have deducted from
salary ('Sharepurchase') and those awarded to the employee by the Company
('Sharematch') on the basis of one Sharematch Ordinary Share for every two
Sharepurchase Ordinary Shares.

The Sharepurchase Ordinary Shares were purchased and the Sharematch Ordinary
Shares were awarded at a price per share of 804p.

The Ordinary Shares are held by the Trustee. Sharepurchase Ordinary Shares can
normally be sold at any time. Sharematch Ordinary Shares cannot normally be
disposed of for a period of three years after the award date.

As a result of the above, these directors' interests in the Company's Ordinary
Shares (excluding options, awards under the Company's LTIPs and also interests
as potential beneficiaries of the Diageo plc QUEST, the Grand Metropolitan No 2
Employee Share Trust, the Diageo Employee Benefit Trust, and in the case of Mr
Walsh only, the Pillsbury 401(K) Savings Plan) are as follows:

Name of Director                        Number of Ordinary Shares              
                                                                               
N C Rose                                88,380                                 
                                                                               
P S Walsh                               440,143*                               

*(of which 4,932 are held in the form of American Depositary Shares);

As a result of purchases, awards and transfers made by the Trustee on behalf of
the Company on 10 September 2002 in respect of all participants in the Plan,
the total holding of the Trustee now amounts to 325,810 Ordinary Shares.

 

 2) that it received notification on 10 September 2002 from Lord Blyth that he
has purchased 928 Ordinary Shares on 10 September 2002 under an arrangement
with the Company, whereby he has agreed to use an amount of £7,500 per month,
net of tax, from his fees to purchase Ordinary Shares. Lord Blyth has agreed to
retain the Ordinary Shares while he remains a director of the Company.

The Ordinary Shares were purchased at a price per share of 804p.

As a result of this purchase, Lord Blyth's interest in Ordinary Shares has
increased to 18,319.

 

3) that it received notification on 9 September 2002 for the purposes of
Section 329 of the Companies Act 1985 from Mourant & Co Trustees Limited
('Mourant'), the trustee of the Diageo Employee Benefit Trust (the 'Employee
Benefit Trust'), of a correction to the previously notified holding of the
Employee Benefit Trust of Ordinary Shares. Following a review by Mourant of
their holdings, they have notified that the figure of 3,740,959 Ordinary Shares
notified on 4 March 2002, was incorrect and that the correct holding is
3,763,799 Ordinary Shares. 

 

 

10 September 2002