Directors' Notification of Dealing in Shares

Diageo PLC 28 April 2000 Diageo plc (the 'Company') announces the following: 1. That it received notification on 28 April 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. a) 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 2 July 1999). In addition, that Mourant as trustee of the Employee Benefit Trust had purchased 500,000 Ordinary Shares. b) Transactions notified on 28 April 2000 in relation to the Employee Benefit Trust Date Date of No of Purchase No of Sale Of Put Ordinary Price of Ordinary Price Each Option Shares Ordinary Shares Of Transaction Contract Purchased Shares Sold Ordinary Shares 27.04.00 23.04.99 500,000 £6.96 500,000 £6.13 27.04.00 500,000 £5.4555 c) 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 d) As a result of the above transactions the total holding of the Employee Benefit Trust amounts to 16,000,000 Ordinary Shares. 2. That 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. 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 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 28.04.00 15,240 £3.54-£4.56 The total holding of the Trust now amounts to 6,397,947 Ordinary Shares. 3. The Company further announces that Mr P S Walsh, a director, notified the Company today that, on 24 April 2000, he acquired 101 American Depositary Shares ('ADSs'), at an average price of $34.2362 per ADS pursuant to an election for dividend reinvestment under the Company's US Employee Stock Purchase Plan. 1 ADS is equivalent to 4 Ordinary Shares. As a result of this transaction, Mr Walsh's beneficial interests in the Company's Ordinary Shares (excluding options, awards made under the Company's LTIPs and also interests as a potential beneficiary of the Diageo Employee Benefit Trust, the Diageo plc QUEST, the Grand Metropolitan No. 2 Employee Share Trust and the Pillsbury 401(K) Savings Plan) have increased to 106,960, including 56,472 Ordinary Shares held in the form of ADSs.

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Diageo (DGE)
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