Directors' Notification of Dealing in Shares

Diageo PLC
3 May 2000


RE: CHAPTER 16 PARAGRAPH 13 CONTINUING OBLIGATIONS 
 
Diageo plc (the 'Company') announces that Sir Anthony Greener, Chairman,
notified the Company on 3 May 2000 that on 2 May 2000, he exercised an option
over 100,374 of the Company's ordinary shares of 28 101/108 pence ('Ordinary
Shares') granted to him on 3 May 1990 at a price of £3.21 per Ordinary Share. 
 
Sir Anthony further notified the Company on 3 May 2000 that 1,537 Ordinary
Shares held in trust for him by Diageo (Head Office) 1996 Profit Sharing
Scheme Limited at a price of £4.995 each under the Diageo plc 1996 Profit
Sharing Scheme had been transferred on 3 May 2000 to his spouse, Lady
Greener. In addition, he notified the Company that a further 1,693 Ordinary
Shares held in trust for him by Guinness Profit Sharing Nominees (1987)
Limited at a price of £4.535 each under the Guinness 1987 UK Profit Sharing
Scheme had also been transferred to his spouse on 3 May 2000. 
 
As a result of these transactions, Sir Anthony's beneficial interests in the
Company's Ordinary Shares (excluding options, awards under the Company's
LTIPs and also interests as a potential beneficiary of the Diageo Employee
Benefit Trust, the Diageo plc QUEST and the Diageo Employee Incentive Trusts
1994 and 1996) have increased to 304,485. 
 
The Company further announces that Mr C A Storm, a director, notified the
Company on 3 May 2000 that on 2 May 2000, he exercised an option over 18,202
of the Company's Ordinary Shares granted to him on 3 May 1990 at a price of
£3.21 per Ordinary Share. 
 
As a result of this transaction, Mr Storm's beneficial interests in the
Company's Ordinary Shares (excluding options, awards under the Company's
LTIPs and also interests as a potential beneficiary of the Diageo Employee
Benefit Trust, the Diageo plc QUEST and the Diageo Employee Incentive Trusts
1994 and 1996) have increased to 86,696.