Director Shareholding

TO: Regulatory Information Service

PR Newswire

RE: CHAPTER 16 PARAGRAPH 13 OF

THE LISTING RULES

 

Diageo plc (the 'Company') announces that Mr P S Walsh, a director, notified
the Company today that:

i) on 19 December 2003 he exercised an option over 5,000 of the Company's
American Depositary Shares ('ADSs')*, granted to him on 4 January 1996 under
the Company's US Stock Option Plan at a price of $29.38 per ADS; and

ii) on 22 December 2003, he sold 4,750 ADSs at a price of $51.69 per ADS.

The balance of 250 ADSs was retained by Mr Walsh in his own name, in the form
of Ordinary Shares of 28 101/108 pence in the Company ('Ordinary Shares').

As a result of these transactions, Mr Walsh's beneficial interest in the
Company's Ordinary shares (excluding options, awards under the Company's LTIPs
and also interests as a potential beneficiary of Diageo Employee Benefit Trust,
Grand Metropolitan No. 2 Employee Share Trust and Pillsbury 401 (K) Savings
Plan) has increased to 593,800 of which 4,932 are held in the form of ADSs.

* 1 ADS is equivalent to 4 Ordinary Shares.

 

 

 

22 December 2003