Directors' Shareholdings

Diageo PLC
8 November 2000



                      RE:    CHAPTER 16 PARAGRAPH 13 OF  
                                                         
                             CONTINUING OBLIGATIONS      
 
Diageo plc (the 'Company') announces that today the directors named below
were granted options to subscribe for ordinary shares of 28 101/108 pence
('Ordinary Shares') each under the Company's Sharesave Scheme: 
 
                                                                      
     Name of Director    No of Shares    Dates Option Exercisable Between  
 

                                                                   
              C A Storm    383      1 December 2003 - 31 May 2004  
              P S Walsh    3,341    1 December 2005 - 31 May 2006  
 
Each option has been granted at a price of £5.05 per share. 
 
In addition to the above, these directors' interests in the Company's
Ordinary Shares (excluding options, awards under the Company's LTIPs and also
interests as potential beneficiaries of the Diageo Employee Benefit Trust,
the Diageo plc QUEST; and in the case of Mr Storm only, the Diageo Employee
Incentive Trust 1994 and the Diageo Employee Incentive Trust 1996; and in the
case of Mr Walsh only, the Grand Metropolitan No. 2 Employee Share Trust and
the Pillsbury 401(K) Savings Plan) are as follows: 
 
                                                                               
  Name of Director    No of Shares                                            
  C A Storm           87,963                                                  
  P S Walsh           118,399         (of which 7,548 are held in the form of 
                                      American Depositary Shares)