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 03 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 14,858 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 3 January 2003 in relation to the   
             Trust.                                                       
                                                                          
Date of Transaction      No. of Ordinary Shares    Range of Option Prices 
                         Transferred               of Ordinary Shares     
                                                                          
03.01.03                          14,858           £4.56-£5.23            

The total holding of the Trust now amounts to 496,545 Ordinary Shares.

 

2) that the trustee of the Diageo 2001 All Employee Share Ownership Plan (the
'Plan') has sold 710 Ordinary Shares in respect of participants leaving the
Plan. The Ordinary Shares were sold at a price of £6.6725 per share on 23
December 2002 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.

 Date of        No of Ordinary Shares    Price Per 
Transaction     Sold                     Share     
                                                   
23.12.02        710                      £6.6725   

 

 

The total holding of the Trust now amounts to 1,826,277 Ordinary Shares

  

 

3 January 2003