Director Shareholding

Diageo PLC 31 May 2001 TO: Regulatory News Service The London Stock Exchange RE: CHAPTER 16 PARAGRAPH 13 OF CONTINUING OBLIGATIONS Diageo plc (the 'Company') announces the following: 1. That it received notification on 31 May 2001 for the purposes of Section 329 of the Companies Act 1985 of a transaction by the trustee of the Grand Metropolitan PLC No 2 Employee Share Trust (the 'Employee Share Trust') as detailed below. The Employee Share Trust is a discretionary trust for the benefit of employees of the Company and its subsidiaries and operates primarily in conjunction with former Grand Metropolitan PLC share schemes. a) A notification that Hill Street Trustees Limited as trustee of the Employee Share Trust had, on 30 May 2001, transferred 2,000 of the Company's ordinary shares of 28 101/108 pence ('Ordinary Shares') for nil consideration to Mr P S Walsh, a director, following his exercise of an option granted under the Company's US Stock Option Plan (this exercise was notified on 29 May 2001). b) The following executive directors are potential beneficiaries of the Employee Share Trust: N C Rose P S Walsh c) As a result of the above transaction, the Employee Share Trust's total holding in the Company is 46,480 Ordinary Shares and 2,079,419 Ordinary Shares subject to call options. 2. That it received notification on 31 May 2001 for the purposes of Section 329 of the Companies Act 1985 that the trustee of the Diageo plc QUEST (the 'Trust') has transferred 22,142 Ordinary Shares ('to participants exercising options granted under the Company's UK Savings-Related Stock Option Scheme and the Grand Metropolitan Savings-Related Share Option Scheme (the 'Schemes'). The Ordinary Shares were transferred by Diageo QUEST Trustees Limited as trustee of the Trust. The Trust is a discretionary trust for the benefit of employees of the Company and its subsidiaries which operates in conjunction with the Schemes and holds Ordinary Shares to satisfy existing options granted under the Schemes. 1. Executive directors who are potential beneficiaries of the Trust are: J M J Keenan N C Rose P S Walsh 2. Transactions notified on 31 May 2001 in relation to the Trust. Date of No. of Range of Option Transaction Ordinary Prices of Ordinary Shares Shares Transferred 31.05.01 22,142 £4.01- £4.645 The total holding of the Trust now amounts to 3,271,657 Ordinary Shares. 31 May 2001

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Diageo (DGE)
UK 100

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