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 4 July
2003 for the purposes of Section 329 of the Companies Act 1985 that the trustee
of the Diageo plc QUEST (the 'Trust') has transferred 4,463 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 4 July 2003 in relation to the      
             Trust.                                                       
                                                                          
Date of Transaction      No. of Ordinary Shares    Range of Option Prices 
                         Transferred               of Ordinary Shares     
                                                                          
04.07.03                          4,463            £4.47-£6.07            

The total holding of the Trust now amounts to 49,789 Ordinary Shares.

 

 

 

 

 

4 July 2003