Directors' Dealings

Diageo PLC
3 November 1999

    
RE: Section 329 of the Companies Act 1985 Notification
    Directors' Shareholdings
    
Diageo  plc  (the  Company) announces  that  it  received
notification  on  2  November 1999 for  the  purposes  of
Section 329 of the Companies Act 1985 that the trustee of
the   Diageo  Employee  Benefit  Trust  (the  Trust)  has
purchased  1,000,000 of the Company's Ordinary Shares  of
28  101/108p (Ordinary Shares).  The Ordinary Shares were
purchased by Mourant & Co. Trustees Limited as trustee of
the  Trust pursuant to put option contracts entered  into
by the trustee on the dates listed below (notified to the
London Stock Exchange on 8 April 1999).  The Trust  is  a
discretionary trust for the benefit of employees  of  the
Company and its subsidiaries which operates primarily  in
conjunction  with the Company's Long Term Incentive  Plan
(LTIP) approved by shareholders on 11 August 1998.

1. Executive directors who are potential beneficiaries of
   the Trust are:
   
   Sir Anthony Greener
   J B McGrath
   J M Keenan
   D Malamatinas
   N C Rose
   C A Storm
   P S Walsh
   
2. Transactions notified on 2 November 1999 in relation
   to the Trust

   Date of      No of           Purchase        Date of Put
   Transaction  Ordinary        Price of        Option
                Shares          Ordinary        Contract
                Purchased       Shares
                              
   30.09.99     500,000         £6.915          24.02.99
   26.10.99     500,000         £6.9628         02.03.99
     
   Following these transactions the total holding of  the
   Trust amounts to 14,500,000 Ordinary Shares.