2nd Sep 2005 08:32
TO: Regulatory Information Service PR Newswire RE: PARAGRAPH 3.1.4 OF THE DISCLOSURE RULES The notifications listed below are each in respect of a single transaction ofwhich notification was received under Paragraph 3.1.2 of the Disclosure Rulesand, in respect of directors of Diageo plc only, Section 324 of the CompaniesAct 1985.Diageo plc (the "Company") announces that on 2 September 2005 it receivednotification of transactions by the trustee of the Diageo Employee BenefitTrust (the "Employee Benefit Trust") as detailed below. The Employee BenefitTrust is a discretionary trust for the benefit of employees of the Company andits subsidiaries and operates primarily in conjunction with the Company's LongTerm Incentive Plan, now called the Total Shareholder Return plan (the "TSR"),approved by shareholders on 11 August 1998.1) the directors shown below acquired, on 2 September 2005, an interest in theCompany's ordinary shares of 28 101/108 pence ("Ordinary Shares") in the formof awards under the TSR, as follows: Name of Director No. of Ordinary Shares N C Rose 231,356 P S Walsh 502,287 2) the "Persons Discharging Managerial Responsibilities" shown below acquired,on 2 September 2005, an interest in Ordinary Shares or American DepositoryShares ("ADS") in the form of awards under the TSR, as follows: Name of Person No. of Ordinary Shares S Fletcher 116,287 J Grover 95,891 A Morgan 124,811 G Williams 104,415 Name of Person No. of ADS* R Malcolm 28,013 I Menezes 43,941 T Proctor 35,263 * (1 ADS is the equivalent of 4 Ordinary Shares)The numbers shown above for each director and Person Discharging ManagerialResponsibilities is the maximum number of shares which could be transferredupon achieving top performance (1st or 2nd position) by reference to Diageo'seighteen company peer group used in the performance test for the 2005 awardsunder the TSR. At position 9 within the TSR peer group 23.3% of the aboveshares would be transferred.The performance period commenced on 1 July 2005 and, subject to the rules ofthe TSR and achievement of the performance requirement, the awards will bereleased on 30 June 2008.2 September 2005ENDDIAGEO PLCRelated Shares:
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