Director Shareholding

TO:       Regulatory Information Service                                 
                                                                         
          RNS, The London Stock Exchange                                 
                                                                         
RE:       CHAPTER 16 PARAGRAPH 13 OF                                     
                                                                         
          CONTINUING OBLIGATIONS                                         

 

Diageo plc (the 'Company') announces that it received notification on 30 August
2002 for the purposes of Section 329 of the Companies Act 1985:

1) that the trustee of the Diageo plc QUEST (the 'Trust') has transferred 1,749
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 30 August 2002 in relation to the   
             Trust.                                                       
                                                                          
Date of Transaction      No. of Ordinary Shares    Range of Option Prices 
                         Transferred               of Ordinary Shares     
                                                                          
30.08.02                          1,749            £4.47-£5.05            

The total holding of the Trust now amounts to 2,067,449 Ordinary Shares.

 2) that the trustee of the Diageo 2001 All Employee Share Ownership Plan (the
'Plan') purchased 27 Ordinary Shares on 29 August 2002 at a price of £7.66 per
share. The Ordinary Shares were purchased by Diageo Share Ownership Trustees
Limited, which holds Ordinary Shares as trustee of the Plan. The Plan is an
Inland Revenue approved plan operated by Diageo Group companies for the benefit
of employees of the Company and its subsidiaries.

1.           Executive directors who are potential beneficiaries of the   
             Plan are:                                                    
                                                                          
             N C Rose                                                     
                                                                          
             P S Walsh                                                    
                                                                          
2.           Transactions notified on 30 August 2002 in relation to the   
             Plan.                                                        
                                                                          
Date of Transaction      No. of Ordinary Shares                           
                         Purchased                                        
                                                                          
30.08.02                            27                                    

 

The total holding of the Plan now amounts to 281,370 Ordinary Shares.

  

 

 

30 August 2002