Director Shareholding

TO:       Regulatory Information Service                                 
                                                                         
          PR Newswire                                                    
                                                                         
RE:       CHAPTER 16 PARAGRAPH 13 OF                                     
                                                                         
          THE LISTING RULES                                              

 

Diageo plc (the 'Company') announces that:

1. It received notification on 21 January 2005 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 the
Trustee sold 2,674 ordinary shares of 28 101/108 pence in the Company
('Ordinary Shares') in respect of participants leaving the Plan and transferred
53,734 Ordinary Shares to participants leaving the Plan. The Ordinary Shares
were sold on 14 January 2005 and 20 January 2005 at prices per Ordinary Share
of £7.356 and £7.38 respectively, by the Trustee.

Date of       No of Ordinary Shares Sold          Price Per    
Transaction                                       Share        
                                                               
14.01.05      2,387                               £7.356       
                                                               
20.01.05      287                                 £7.38        

Date of       No of Ordinary Shares Transferred          
Transaction                                              
                                                         
                                                         
14.01.05      52,813                                     
                                                         
20.01.05      921                                        

 

The total holding of the Trust now amounts to 4,517,863 Ordinary Shares.

Directors who are potential beneficiaries of the Plan are NC Rose and PS Walsh.

2. It received notification on 21 January 2005 for the purposes of Section 329
of the Companies Act 1985 from Hill Street Trustees Limited as the trustee of
the Grand Metropolitan PLC No 2 Employee Share Trust (the 'Employee Share
Trust') that call options to purchase 16,558 Ordinary Shares were taken up on
12 January 2005 at a price of £3.82 per Ordinary Share.

The Employee Share Trust is a discretionary trust for the benefit of employees
of the Company and its subsidiaries and operates primarily in conjunction with
former Grand Metropolitan PLC share schemes.

Directors who are potential beneficiaries of the Employee Share Trust are NC
Rose and PS Walsh.

As a result of the above transactions, the Employee Share Trust's total holding
in the Company is 98,570 Ordinary Shares and 363,538 Ordinary Shares subject to
call options.

21 January 2005