Director Shareholding

TO:       Regulatory Information Service                                 
                                                                         
          PR Newswire                                                    
                                                                         
RE:       CHAPTER 16 PARAGRAPH 13 OF                                     
                                                                         
          THE LISTING RULES                                              

Diageo plc (the 'Company') announces:

1) that it received notification on 24 January 2003 for the purposes of Section
329 of the Companies Act 1985 that the trustee of the Diageo plc QUEST (the
'Trust') has transferred 29,071 of the Company's ordinary shares of 28 101/108
pence ('Ordinary Shares') to participants exercising options granted under the
Company's UK Savings-Related Stock Option Scheme and the Grand Metropolitan
Savings-Related Share Option Scheme (the 'Schemes'). The Ordinary Shares were
transferred by Diageo QUEST Trustees Limited as trustee of the Trust. The Trust
is a discretionary trust for the benefit of employees of the Company and its
subsidiaries which operates in conjunction with the Schemes and holds Ordinary
Shares to satisfy existing options granted under the Schemes.

1.           Executive directors who are potential beneficiaries of the   
             Trust are:                                                   
                                                                          
             N C Rose                                                     
                                                                          
             P S Walsh                                                    
                                                                          
2.           Transactions notified on 24 January 2003 in relation to the  
             Trust.                                                       
                                                                          
Date of Transaction      No. of Ordinary Shares    Range of Option Prices 
                         Transferred               of Ordinary Shares     
                                                                          
24.01.03                          29,071           £4.56-£5.23            

The total holding of the Trust now amounts to 449,408 Ordinary Shares.

2) that it received notification on 24 January 2003 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:

(i) the Trustee sold 231 Ordinary Shares in respect of participants leaving the
Plan and transferred 985 Ordinary Shares to participants leaving the Plan. The
Ordinary Shares were sold at a price of £6.35 per share on 22 January 2003 by
the Trustee. The Plan is an Inland Revenue approved plan operated by Diageo
Group companies for the benefit of employees of the Company and its
subsidiaries.

 Date of      No of Ordinary Shares Transferred             
Transaction                                                 
                                                            
22.01.03      985                                           
                                                            
 Date of      No of Ordinary Shares Sold          Price Per 
Transaction                                       Share     
                                                            
22.01.03      231                                 £6.35     

 

The total holding of the Trust now amounts to 1,869,889.

 

 

 

24 January 2003