Director/PDMR Shareholding

TO: Regulatory Information Service

PR Newswire

RE: Paragraph 3.1.4 of the Disclosure and Transparency Rules

The notifications listed below were received under Paragraph 3.1.2 of the
Disclosure and Transparency Rules.

Diageo plc (the "Company") announces that it received notification on 4
September 2014 that:

 1. the director and Persons Discharging Managerial Responsibilities ("PDMRs")
    shown below, together with other eligible employees, were awarded ordinary
    shares of 28 101/108 pence each in the Company ("Ordinary Shares") on 4
    September 2014, under the Diageo Share Incentive Plan (the "SIP"), an
    Inland Revenue approved plan operated by Diageo Group companies for the
    benefit of employees of the Company and its subsidiaries:
   
Name of Director         No. of Ordinary Shares 
                                                
D Mahlan                 167                    

Name of PDMR             No. of Ordinary Shares 
                                                
N Blazquez               167                    
                                                
A Fennell                167                    
                                                
C Lambkin                110                    
                                                
A Manz                   167                    
                                                
S Moriarty               167                    
                                                
L Wood                   167                    

The Ordinary Shares were awarded at no cost to Plan participants
("Freeshares"), to a value based on a percentage of the participant's salary on
30 June 2014 and the Company's profits for the financial year ended 30 June
2014, subject to a maximum per SIP participant of £3,000 in value per tax year.
Freeshares are awarded annually and cannot normally be disposed of for a period
of three years after the award date.

 2. the PDMRs shown below were granted the following options over Ordinary
    Shares or American Depositary Shares ("ADS")*, on 4 September 2014, under
    the Company's 2014 Long Term Incentive Plan, adopted by the Company on 30
    July 2014 ("DLTIP"): 
   
Name of PDMR             No. of Ordinary Shares 
                                                
N Blazquez               74,105                 
                                                
D Cutter                 47,539                 
                                                
A Fennell                62,220                 
                                                
S Fischer                28,190                 
                                                
C Lambkin                46,140                 
                                                
A Manz                   34,060                 
                                                
S Moriarty               50,475                 
                                                
L Wood                   48,937                 
                                                
                         No. of ADS             
                                                
A Gavazzi                12,488                 
                                                
J Kennedy                12,488                 
                                                
S Saller                 12,488                 
                                                
L Schwartz               13,466                 

Each option was granted at a price of £17.88 per Ordinary Share (or $120.11 per
ADS) and is exercisable between 4 September 2017 and 3 September 2024, subject
to the satisfaction of performance criteria.

 3. the PDMRs shown below were granted the following conditional awards over
    Ordinary Shares or ADS, on 4 September 2014, under the DLTIP: 
   
Name of PDMR             No. of Ordinary Shares 
                                                
N Blazquez               63,633                 
                                                
D Cutter                 40,821                 
                                                
A Fennell                53,428                 
                                                
S Fischer                39,457                 
                                                
C Lambkin                39,621                 
                                                
A Manz                   24,372                 
                                                
S Moriarty               43,343                 
                                                
L Wood                   42,022                 
                                                
                         No. of ADS             
                                                
A Gavazzi                10,763                 
                                                
J Kennedy                10,763                 
                                                
S Saller                 10,763                 
                                                
L Schwartz               14,186                 

Each conditional award will vest in September 2017 subject to the satisfaction
of performance criteria.

Each conditional award carries a right to receive, on vesting, an amount linked
to dividends paid on the Ordinary Shares (or ADSs) subject to the conditional
award.

 4. the PDMRs shown below acquired an interest over the following Ordinary
    Shares on 4 September 2014 by way of a one-off award under the DLTIP. There
    are performance conditions attached to the release of this award under the
    DLTIP, and the award will vest, subject to achievement of the performance
    conditions, as shown below.
   
Name of PDMR   No. of Ordinary      Maximum percentage    Maximum percentage   
               Shares               vesting in 2017       vesting in 2018      
                                                                               
N Blazquez     59,284               50%                   50%                  
                                                                               
               No. of ADS                                                      
                                                                               
J Kennedy      9,990                50%                   50%                  

As a result of the above awards of Ordinary Shares under the SIP the interests
of those directors and PDMRs in the Company's Ordinary Shares and ADSs
(excluding options, awards under the Company's LTIPs and interests as potential
beneficiaries of the Company's Employee Benefit Trusts) are as follows:

Name of Director         No. of Ordinary Shares 
                                                
D Mahlan                 228,696                

Name of PDMR             No. of Ordinary Shares 
                                                
N Blazquez               68,603                 
                                                
A Fennell                65,221                 
                                                
C Lambkin                110                    
                                                
A Manz                   21,376                 
                                                
S Moriarty               36,299                 
                                                
L Wood                   2,579                  

The interests in the Company's Ordinary Shares and ADSs (excluding options,
awards under the Company's LTIPs and interests as potential beneficiaries of
the Company's Employee Benefit Trusts) of the remaining PDMRs are unchanged.

*1 ADS is the equivalent of 4 Ordinary Shares.

J Nicholls
Deputy Company Secretary

5 September 2014