Holding in Company

Diageo PLC
12 November 2001

TO:

Regulatory News Service

The London Stock Exchange

RE:

CHAPTER 9 PARAGRAPH 11 OF

CONTINUING OBLIGATIONS


Diageo plc (the 'Company') announces that it received notification on 12
November 2001 under sections 198-208 of the Companies Act 1985 (as amended)
(the 'Act') that as at the close of business on 2 November 2001, Brandes
Investment Partners, L.P. ('Brandes') became interested for the purposes of
the Act in 125,704,845 ordinary shares of 28 101/108 pence each in the Company
('Ordinary Shares'), comprising 58,281,645 Ordinary Shares and 16,855,800
American Depositary Shares ('ADS'). One ADS is equivalent to four Ordinary
Shares.

The Ordinary Shares and ADSs are registered in the names of approximately five
hundred and thirty five custodian banks unaffiliated to Brandes and as at the
close of business on 2 November 2001, these Ordinary Shares and ADSs
represented 3.71% of the issued share capital of the Company.




12 November 2001