Directors' Notification of Dealing in Shares

Diageo PLC
16 June 2000

 
Diageo plc (the 'Company') announces that it received notification on 16 June
2000 for the purposes of Section 329 of the Companies Act 1985 that the
trustee of the Diageo plc QUEST (the 'Trust') has transferred 4,546 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 16 June 2000 in relation to    
                      the Trust.                                              

           Date of Transaction             No. of Ordinary    Range of Option 
                                               Shares            Prices of    
                                            Transferred      Ordinary Shares  
                16.06.00                             4,546     £3.14-£4.89    
 
The total holding of the Trust now amounts to 6,122,533 Ordinary Shares.