Director Shareholding

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

 

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

1. that it received notification on 10 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 purchased 61,214 ordinary shares of 28 101/108 pence each in
the Company ('Ordinary Shares') in respect of participants in the Plan on 10
January 2003 at a price 604p per share. The Ordinary Shares were purchased by
Diageo Share Ownership Trustees Limited, which holds Ordinary Shares as trustee
of the Plan;

(ii) the following directors of the Company were allocated Ordinary Shares on
10 January 2003 under the Plan, from those purchased by the Trustee as
disclosed in (i) above:

Name of Director                        Number of Ordinary Shares              
                                                                               
N C Rose                                32                                     
                                                                               
P S Walsh                               32                                     
                                                                               

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 604p.

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.

The Plan is an Inland Revenue approved plan operated by Diageo Group companies
for the benefit of employees of the Company and its subsidiaries.

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                                90,557                                 
                                                                               
P S Walsh                               444,676*                               
                                                                               

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

As a result of the purchase by the Trustee on 10 January 2003 the total holding
of the Trustee now amounts to 1,925,599 Ordinary Shares.

 

2. that it received notification on 10 January 2003 from Lord Blyth that he has
purchased 1,234 Ordinary Shares on 10 January 2003 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 604p.

As a result of this purchase, Lord Blyth's interest in Ordinary Shares has
increased to 24,016.

 

10 January 2003.