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 14 March 2003 for the purposes of Section
329 of the Companies Act 1985 that the trustee of the Diageo plc QUEST (the
'Trust') has transferred 18,510 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 14 March 2003 in relation to the    
             Trust.                                                       
                                                                          
Date of Transaction      No. of Ordinary Shares    Range of Option Prices 
                         Transferred               of Ordinary Shares     
                                                                          
14.03.03                          18,510           £4.56 - £5.23          

 

The total holding of the Trust now amounts to 332,165 Ordinary Shares.

 

 2) that it received notification on 14 March 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 the Trustee sold 703 Ordinary Shares in respect of
participants leaving the Plan and transferred 5,990 Ordinary Shares to
participants leaving the Plan. The Ordinary Shares were sold at prices of £6.28
(698 shares) and £6.2862 (5 shares) per share on 13 March 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                                                   
                                                              
13.03.03      5,990                                           

  

 Date of      No of Ordinary Shares Sold          Price Per 
Transaction                                       Share     
                                                            
13.03.03      698                                 £6.28     
                                                            
13.03.03      5                                   £6.2862   

 

 The total holding of the Trust now amounts to 1,969,624 ordinary shares.

3) that it received a notification on 13 March 2003 from Mourant & Co Trustees
Limited, as trustee of the Diageo Employee Benefit Trust ('Mourant'), that
Mourant had purchased on 11 March 2003 200,000 Ordinary Shares for the Employee
Benefit Trust at a price of £6.15821 per Ordinary Share.

Executive directors who are potential beneficiaries of the Employee Benefit
Trust are:

N C Rose

P S Walsh

As a result of the above transactions the total holding of the Employee Benefit
Trust amounts to 6,177,180 Ordinary Shares.

 

14 March 2003