Directors' Shareholdings

Diageo PLC
6 November 2000

                      RE:    CHAPTER 16 PARAGRAPH 13 OF  
                             CONTINUING OBLIGATIONS      
 
Diageo plc (the 'Company') announces that it received notification on 3
November 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 500,000 of the Company's ordinary
shares of 28 101/108 pence ('Ordinary Shares') on 2 October 2000 at a price of
£6.701779 per Ordinary Share. 

b) All executive directors are potential beneficiaries of the Employee Benefit
Trust:

J M J Keenan
J B McGrath 
N C Rose
C A Storm
P S Walsh

c) As a result of the above transaction the total holding of the Employee
Benefit Trust amounts to 11,589,249 Ordinary Shares.


6 November 2000