Director Shareholding

Diageo PLC
30 April 2001





TO: Regulatory News Service

The London Stock Exchange

RE: CHAPTER 16 PARAGRAPH 13 OF

CONTINUING OBLIGATIONS



Diageo plc (the 'Company') announces the following:

1. That Mr P S Walsh, a director, notified the Company today that on 26 April
2001 he exercised an option over 5,000 of the Company's American Depositary
Shares ('ADSs')*, granted to him on 30 June 1995 under the Company's US Stock
Option Plan at a price of $24.55 per ADS and subsequently sold 4,000 ADSs at a
price of $42.125 per ADS on the same day. The balance of 1,000 ADSs was
retained in Mr Walsh's own name, in the form of ordinary shares of 28 101/108
pence ('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, Diageo plc QUEST and
Pillsbury 401 (K) Savings Plan) has increased to 339,527£.

2. That Mr N C Rose, a director, notified the Company today that on 26 April
2001 he exercised options over 17,081 Ordinary Shares granted on 23 June 1993
at a price of £4.22; 11,491 Ordinary Shares granted on 6 January 1994 at a
price of £4.74; and 6,934 Ordinary Shares granted on 21 July 1994 at a price
of £4.23; all granted under the Company's Executive Option Schemes. On 27
April 2001, he exercised options over 45,664 Ordinary Shares granted on 21
July 1994 at a price of £4.23 under the Company's Executive Option Schemes.
On 26 April 2001 Mr Rose sold 28,572 Ordinary Shares at a price of £7.30 per
share and on 27 April 2001 sold 45,664 Ordinary Shares at a price of £7.33 per
share.

As a result of these transactions, Mr Rose'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 Diageo plc QUEST) has
increased to 50,596.

The previously notified beneficial interest of Mr N C Rose (notification dated
26 April 2001) was understated by 152 Ordinary Shares and the figure given
above has been amended accordingly.

3. That it received notification on 27 April 2001 for the purposes of Section
329 of the Companies Act 1985 of transactions by the trustee of the Diageo
Employee Benefit Trust (the 'Employee Benefit Trust') as detailed below. The
Employee Benefit Trust is a discretionary trust for the benefit of employees
of the Company and its subsidiaries and operates primarily in conjunction with
the Company's Long Term Incentive Plan, now called the Total Shareholder
Return plan (the 'Plan'), approved by shareholders on 11 August 1998.

a) A notification that Mourant & Co Trustees Limited ('Mourant') as trustee of
the Employee Benefit Trust sold 1,800 of the Company's Ordinary Shares on 27
April 2001 at a price of £7.3125 per share.

b) A notification that Mourant as trustee of the Employee Benefit Trust had
transferred 34,066 Ordinary Shares to participants receiving awards released
under the Plan on 27 April 2001.

c) All executive directors are potential beneficiaries of the Employee Benefit
Trust:

J M J Keenan

N C Rose

P S Walsh

d) As a result of the above transactions the total holding of the Employee
Benefit Trust amounts to 6,614,018 Ordinary Shares.

4. In respect of the non-executive directors whose receipt of Ordinary Shares
under the Diageo Dividend Reinvestment Plan was notified on 26 April 2001,
their beneficial shareholdings were incorrectly stated and are restated as
follows:

Name of Director                 No. of Ordinary Shares
Lord Blyth                       10,792
R F Chase                        10,677
J K Oates                        3,039









* 1 ADS is equivalent to 4 Ordinary Shares

£ of which 4,932 are held in the form of ADSs.













30 April 2001