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 13 April 2004 for the purposes of Section
329 of the Companies Act 1985 from Diageo Share Ownership Trustees Limited (the
'Trustee'), as trustee of the Diageo Share Incentive Plan (the 'Plan') that:

(i) the Trustee purchased 45,618 ordinary shares of 28 101/108 pence in the
Company ('Ordinary Shares') in respect of participants in the Plan on 13 April
2004 at a price of £7.350 per share. The Ordinary Shares were purchased by
Diageo Share Ownership Trustees Limited, which holds Ordinary Shares as trustee
of the Plan;

(ii) that the following directors of the Company were allocated Ordinary Shares
on 13 April 2004 under the Plan, from those purchased by the Trustee as
disclosed in (i) above:

Name of Director                        Number of Ordinary Shares              
                                                                               
N C Rose                                26                                     
                                                                               
P S Walsh                               26                                     
                                                                               

The number of Ordinary Shares allocated comprises those purchased by the
Trustee using an amount which the employee has chosen to have deducted from
salary ('Sharepurchase') and those awarded to the employee by the Company
('Sharematch') on the basis of one Sharematch Ordinary Share for every two
Sharepurchase Ordinary Shares.

The Sharepurchase Ordinary Shares were purchased and the Sharematch Ordinary
Shares were awarded at a price per share of £7.350.

The Ordinary Shares are held by the Trustee. Sharepurchase Ordinary Shares can
normally be sold at any time. Sharematch Ordinary Shares cannot normally be
disposed of for a period of three years after the award date.

As a result of purchases, awards and transfers made by the Trustee on behalf of
the Company on 13 April 2004 in respect of all participants in the Plan, the
total holding of the Trustee now amounts to 3,263,349 Ordinary Shares.

 

2) that it received notification on 13 April 2004 from Lord Blyth that he has
purchased 1,014 Ordinary Shares on 13 April 2004 under an arrangement with the
Company, whereby he has agreed to use an amount of £7,500 per month, net of
tax, from his fees to purchase Ordinary Shares. Lord Blyth has agreed to retain
the Ordinary Shares while he remains a director of the Company.

The Ordinary Shares were purchased at a price per share of £7.350.

 

3) that the directors mentioned below are participants in the Diageo Dividend
Reinvestment Plan and that Ordinary Shares were purchased on 6 April 2004 (with
a settlement date of 13 April 2004) at a price of 721.3p in respect of the
interim ordinary dividend paid on 6 April 2004:

Name of Director                        Number of Ordinary Shares              
                                                                               
Lord Blyth                              555                                    
                                                                               
N C Rose                                2,426                                  
                                                                               
R F Chase                               169                                    
                                                                               
J K Oates                               42                                     
                                                                               

 

As a result of the above transactions, the respective directors' interests in
the Company's Ordinary Shares (excluding options, awards under the Company's
LTIPs and also interests as potential beneficiaries of the Grand Metropolitan
No 2 Employee Share Trust and the Diageo Employee Benefit Trust) are as
follows:

Name of Director                        Number of Ordinary Shares              
                                                                               
Lord Blyth                              40,665                                 
                                                                               
N C Rose                                172,249                                
                                                                               
P S Walsh                               666,896                                
                                                                               
R F Chase                               11,779                                 
                                                                               
J K Oates                               3,313                                  
                                                                               

 

 

13 April 2004