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 3 October 2003 for the purposes of Section
329 of the Companies Act 1985 that the trustee of the Diageo plc QUEST (the
'Trust') has transferred 3,841 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 3 October 2003 in relation to the   
             Trust.                                                       
                                                                          
Date of Transaction      No. of Ordinary Shares    Range of Option Prices 
                         Transferred               of Ordinary Shares     
                                                                          
02.10.03                          3,841            £3.53                  

The total holding of the Trust now amounts to 1,172 Ordinary Shares.

2) that it received notification on 3 October 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 2,908 Ordinary Shares in respect of
participants leaving the Plan and transferred 40,263 Ordinary Shares to
participants leaving the Plan. The Ordinary Shares were sold on 29 September
2003 and 2 October 2003 at a price per Ordinary Share of £6.66353 and £6.57
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 Sold          Price  
Transaction                                       Per    
                                                  Share  
                                                         
29.09.03      2,005                               £      
                                                  6.66353
                                                         
02.10.03      903                                 £6.57  

Date of       No of Ordinary Shares Transferred          
Transaction                                              
                                                         
                                                         
29.09.03      29,693                                     
                                                         
02.10.03      10,570                                     

 

The total holding of the Trust now amounts to 2,178,401 ordinary shares.

 

  

3 October 2003