Director Shareholding

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

 

Diageo plc (the 'Company'), announces that Mr W S Shanahan, a director,
notified the Company yesterday that he became aware on 14 March 2003 that on 25
November 2002 he had acquired a beneficial interest in 850 9.42% Cumulative
Preferred Securities, Series A ('Preferred Securities') of Grand Metropolitan
Delaware, L.P., a subsidiary of the Company. The Preferred Securities were
purchased by a broker on Mr Shanahan's behalf at a price of $27.52 each.

As a result of this transaction, Mr Shanahan's beneficial interest in the
Preferred Securities of Grand Metropolitan Delaware, L.P. is 850.

Mr Shanahan's beneficial interest in American Depositary Shares in the Company
('ADS') is 4,000. One ADS is the equivalent of four ordinary shares of 28- 101/
108 pence in the Company.

20 March 2003