27th Mar 2006 14:57
TO: Regulatory Information ServicePR NewswireRE: PARAGRAPH 3.1.4 OFTHE DISCLOSURE RULESNotification number 1. listed below is in respect of a single transaction ofwhich notification was received under Paragraph 3.1.2 of the Disclosure Rulesand Section 324 of the Companies Act 1985.Diageo plc (the "Company") announces that:1. Mr PS Walsh, a director, notified the Company on 24 March 2006 that:a. on 24 March 2006, he exercised options over 45,559 Ordinary Shares of 28 101/108 pence each in the Company ("Ordinary Shares") granted on 20 December 1999at a price per share of ‚£5.18 under the Company's Senior Executive Share OptionPlan; andb. on 24 March 2006, he sold 24,559 Ordinary Shares at a price per share of ‚£9.13 and 19,000 Ordinary Shares at a price per share of ‚£9.15.Mr Walsh retained beneficial ownership of the balance of 2,000 Ordinary Shares.As a result of the above, Mr Walsh's interests in the Company's Ordinary Shares(excluding options, awards under the Company's LTIPs and interests as apotential beneficiary of the Company's employee benefit trusts) has increasedto 762,974.2. it received notification on 27 March 2006 from Bailhache Labesse TrusteesLimited, as trustee of the Diageo Employee Benefit Trust (the "Employee BenefitTrust") that they had transferred 45,559 Ordinary Shares to a beneficiary ofthe Employee Benefit Trust following an exercise of options under the Company'sSenior Executive Share Option Plan on 24 March 2006.As a result of this transaction the total holding of the Employee Benefit Trustamounts to 6,467,846 shares.Directors who are potential beneficiaries of the Employee Benefit Trust are PSWalsh and NC Rose.27 March 2006ENDDIAGEO PLCRelated Shares:
Diageo