Diageo PLC
20 April 2000
RE: CHAPTER 16 PARAGRAPH 13
CONTINUING OBLIGATIONS
Diageo plc (the 'Company') announces that it received notification on 20
April 2000 for the purposes of Section 329 of the Companies Act 1985 that the
trustee of the Diageo plc QUEST (the 'Trust') has transferred 32,916 of the
Company's ordinary shares of 28 101/108 pence ('Ordinary Shares') to
participants exercising options granted under the Company's UK
Savings-Related Stock Option Scheme and the Grand Metropolitan
Savings-Related Share Option Scheme (the 'Schemes'). The Ordinary Shares were
transferred by Diageo QUEST Trustees Limited as trustee of the Trust. The
Trust is a discretionary trust for the benefit of employees of the Company
and its subsidiaries which operates in conjunction with the Schemes and holds
Ordinary Shares to satisfy existing options granted under the Schemes.
1. Executive directors who are potential beneficiaries of
the Trust are:
Sir Anthony Greener
J M J Keenan
D N Malamatinas
J B McGrath
N C Rose
C A Storm
P S Walsh
2. Transactions notified on 20 April 2000 in relation to
the Trust.
Date of Transaction No. of Ordinary Range of Option
Shares Prices of
Transferred Ordinary Shares
20.04.00 32,916 £3.14-£4.56
The total holding of the Trust now amounts to 6,413,187 Ordinary Shares.
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