Director Shareholding

22nd Feb 2005 15:26

TO: Regulatory Information Service PR Newswire RE: CHAPTER 16 PARAGRAPH 13 OF THE LISTING RULES Diageo plc (the "Company") announces: 1) That it received notification on 21 February 2005 for the purposes ofSection 329 of the Companies Act 1985 of transactions by the trustee of theDiageo Employee Benefit Trust (the "Employee Benefit Trust") as detailed below.The Employee Benefit Trust is a discretionary trust for the benefit ofemployees of the Company and its subsidiaries and operates primarily inconjunction with the Company's Long Term Incentive Plan, now called the TotalShareholder Return plan (the "Plan"), approved by shareholders on 11 August1998. a) A notification that Mourant & Co Trustees Limited, as trustee of theEmployee Benefit Trust ("Mourant"), had, on 18 February 2005, transferredordinary shares of 28 101/108 pence of the Company ("Ordinary Shares") toparticipants receiving awards released under the Plan at a level of 94.4% asfollows:Date of Transaction No. of Ordinary Shares 18.02.05 783,426 including Ordinary Shares transferred to the directors of the Company namedbelow, as participants receiving awards released under the Plan, as follows:Name of Director No. of Ordinary Shares N C Rose 84,920 P S Walsh 148,116 The awards were made on 1 January 2002. The balance of each award has lapsed. b) A notification that Mourant had, on 18 February 2005, made the followingsale of Ordinary Shares to meet the requirement to reimburse the Company forPAYE tax liability on awards released under the Plan: Date of Transaction No. of Ordinary Shares Sold Sale Price of Ordinary Shares 18.02.05 176,724 ‚£7.485153 including Ordinary Shares sold on behalf of a director of the Company, asfollows.Name of Director No. of Ordinary Shares Sale Price of Ordinary Shares N C Rose 33,968 ‚£7.485153 P S Walsh 59,246 ‚£7.485153 c) A notification that Mourant had, on 18 February 2005, made the followingsale of Ordinary Shares to meet the requirement to reimburse the Company forNational Insurance liabilities on awards released under the Plan: Date of Transaction No of Ordinary Shares Sold Sale Price of Ordinary Shares 18.02.05 4,511 ‚£7.485153 including Ordinary Shares sold on behalf of a director of the Company, asfollows.Name of Director No. of Ordinary Shares Sale Price of Ordinary Shares N C Rose 850 ‚£7.485153 P S Walsh 1,482 ‚£7.485153 d) A notification that Mourant had, on 18 February 2005, purchased 600,000Ordinary Shares for the Employee Benefit Trust at a price of ‚£7.485153perOrdinary Share. Both directors of the Company named above under a) arepotential beneficiaries of the Employee Benefit Trust.e) A notification that Mourant:transferred 3,450 Ordinary Shares to a beneficiary of the Employee BenefitTrust on 21 December 2004, following an exercise of options under the Diageo UKSharesave Scheme (which exercise was announced by the Company on 1 December2004).transferred 136,548 Ordinary Shares to a beneficiary of the Employee BenefitTrust on 10 November 2004, following an exercise of options under the Company'sSenior Executive Share Option Plan (which exercise was announced by the Companyon 10 November 2004). f) A notification that as a result of the above transactions the total holdingof the Employee Benefit Trust amounts to 6,621,825Ordinary Shares. As a result of the above release of awards, sales and acquisition of interests,the above directors' interests in the Company's Ordinary Shares (excludingoptions, awards under the Company's LTIPs and also interests as potentialbeneficiaries of the Diageo Employee Benefit Trust and the Grand MetropolitanNo.2 Employee Share Trust) are as follows: Name of Director No. of Ordinary Shares N C Rose 230,449 P S Walsh 724,968 22 February 2005END

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Related Shares:

Diageo