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 on 24 December 2003 that he became aware on 23 December
2003 that he had acquired a beneficial interest in a further 88.823 American
Depositary Shares in the Company ('ADS'). These ADSs were acquired by a broker
on Mr Shanahan's behalf on 4 November 2003 at a price of $47.83 per ADS, by way
of reinvestment of the dividend paid by the Company on 31 October 2003.

As a result of these transactions, Mr Shanahan's beneficial interest In ADSs Is
4,088.823. One ADS is the equivalent of four ordinary shares of 28 101/108
pence in the Company.

Mr Shanahan also has a beneficial interest in 850 9.42% Cumulative Preferred
Securities, Series A of Grand Metropolitan Delaware, L.P., a subsidiary of the
Company.

29 December 2003