Directors' Dealings

Diageo PLC 2 February 2000 RE: CHAPTER 16 PARAGRAPH 13 CONTINUING OBLIGATIONS Diageo plc (the 'Company') announces that it received notification on 2 February 2000 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 ('LTIP'), approved by shareholders on 11 August 1998. 1. A notification that Mourant & Co Trustees Limited ('Mourant') as trustee of the Employee Benefit Trust had purchased and subsequently sold 500,000 of the Company's ordinary shares of 28 101/108 pence ('Ordinary Shares') pursuant to a put option contract entered into by Mourant on the date given below (notified to the London Stock Exchange on 8 April 1999). 2. Transactions notified on 2 February 2000 in relation to the Employee Benefit Trust Date Date of No of Purchase No of Sale Of Put Ordinary Price Ordinary Price Each Option Shares of Shares Of Transaction Contract Purchased Ordinary Sold Ordinary Shares Shares 31.01.00 02.03.99 500,000 £6.9628 500,000 £6.1328 3. All executive directors are potential beneficiaries of the Employee Benefit Trust: Sir Anthony Greener J B McGrath J M Keenan D N Malamatinas N C Rose C A Storm P S Walsh 4. As a result of the above transactions the total holding of the Employee Benefit Trust has not changed and remains at 14,500,000 Ordinary Shares.

Companies

Diageo (DGE)
UK 100