DGE Diageo Plc

RNS Number:1111C
Diageo PLC
12 April 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 12 April 2001 for the purposes of
Section 329 of the Companies Act 1985 that the trustee of the Diageo plc QUEST
(the "Trust") has transferred 11,719 of the Company's ordinary shares of 28
101/108 pence ("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.

     a) Executive directors who are potential beneficiaries of the Trust are:


        J M J Keenan

        N C Rose

        C A Storm

        P S Walsh



     b) Transactions notified on 12 April 2001 in relation to the Trust.

Date of         No. of Ordinary Shares       Range of Option Prices of Ordinary
Transaction     Transferred                  Shares

12.04.01        11,719                       #3.14-#4.89

The total holding of the Trust now amounts to 3,398,927 ordinary shares.

2.     That it received notification on 12 April 2001 for the purposes of
Section 329 of the Companies Act 1985 of transactions 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 Grand Metropolitan PLC share schemes.



a) A notification that Hill Street Trustees Limited as trustee of the Employee
Share Trust had, on 12 April 2001, transferred 7,520 of the Company's ordinary
shares of 28 101/108 pence ("Ordinary Shares") for nil consideration to Mr P S
Walsh, a director, following the exercise of an option granted under the
Company's US Stock Option Plan (this exercise was notified on 11 April 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 transactions, the Employee Share Trust's total
holding in the Company is 52,480 Ordinary Shares and 2,079,419 Ordinary Shares
subject to call options.







12 April 2001

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