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 23 May 2003 for the purposes of Section 329
of the Companies Act 1985 that the trustee of the Diageo plc QUEST (the
'Trust') has transferred 27,090 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 23 May 2003 in relation to the    
               Trust.                                                     
                                                                          
Date of         No. of Ordinary Shares     Range of Option Prices of      
Transaction     Transferred                Ordinary Shares                
                                                                          
23.05.03        27,090                     £4.645 - £6.07                 
                                                                          

The total holding of the Trust now amounts to 185,628 Ordinary Shares.

2) that it received notification on 23 May 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 1,882 Ordinary Shares in respect of
participants leaving the Plan and transferred 11,249 Ordinary Shares to
participants leaving the Plan. The Ordinary Shares were sold on 20 May 2003 at
a price of £6.4565 per share 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 Transaction No of Ordinary Shares Sold Price Per Share
                                                               
20.05.03             1,882                      £6.4565        
                                                               

 

 Date of Transaction    No of Ordinary Shares Transferred      
                                                               
22.05.03                11,249                                 
                                                               

 

The total holding of the Trust now amounts to 2,043,849 ordinary shares.

 

 

 

23 May 2003