Director Shareholding

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

 

Diageo plc (the 'Company') announces that it received notification on 14
February 2003 for the purposes of Section 329 of the Companies Act 1985 that
the trustee of the Diageo plc QUEST (the 'Trust') has transferred 10,995 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 February 2003 in relation to the 
             Trust.                                                       
                                                                          
Date of Transaction      No. of Ordinary Shares    Range of Option Prices 
                         Transferred               of Ordinary Shares     
                                                                          
14.02.03                          10,995           £4.645 - £4.89         

 

The total holding of the Trust now amounts to 406,497 Ordinary Shares.

 

 2) that it received notification on 14 February 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 500 Ordinary Shares in
respect of participants leaving the Plan and transferred 3,352 Ordinary Shares
to participants leaving the Plan. The Ordinary Shares were sold at prices of £
6.021, £6.015 and £5.9855 per share on 10, 11 and 13 February 2003 respectively
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                                                   
                                                              
12.02.03      3,140                                           
                                                              
13.02.03      212                                             

  

 Date of      No of Ordinary Shares Sold          Price Per 
Transaction                                       Share     
                                                            
10.02.03      24                                  £6.021    
                                                            
11.02.03      435                                 £6.015    
                                                            
13.02.03      41                                  £5.9855   

 

The total holding of the Trust now amounts to 1,921,747.

 

 

 

14 February 2003