Holding in Company

Diageo PLC
12 December 2000

                             
                      RE:    CHAPTER 16 PARAGRAPH 13 OF  
                             CONTINUING OBLIGATIONS      
 

Diageo plc (the 'Company') announces that it received notification on 11
December 2000 for the purposes of Section 198 of the Companies Act 1985 that
Prudential plc is interested in 102,436,656 of the Company's ordinary shares
of 28 101/108 pence ('Ordinary Shares').  This represents 3.00% of the
Company's issued ordinary capital.  The names of the registered holders and
the number of Ordinary Shares held by each of them is as follows:



M&G (Lombard St) Noms AA                  201,000
M&G (Lombard St) Noms FPE                 116,979
M&G (Lombard St) Noms FPM                 455,303
M&G (Lombard St) Noms G                   240,000
M&G (Lombard St) Noms HB                  225,000
M&G (Lombard St) Noms K                 2,049,000
PPMCLT HSBC GIS NOM (UK) SALI             305,768
PRUCLT HSBC GIS NOM (UK) PAC AC        93,539,947
PRUCLT HSBC GIS NOM (UK) PHL AC           607,284
PRUCLT HSBC GIS NOM (UK) PPL AC         4,614,440
PRUCLT HSBC GIS NOM (UK) SAL AC            30,245
Prudential World Value Fund                51,690