Change of Adviser

Taylor Woodrow PLC
21 December 2004


Taylor Woodrow plc

Appointment of Corporate Broker

Taylor Woodrow plc (the company) is pleased to announce the appointment with
immediate effect of Morgan Stanley & Co. International Limited as Joint
Corporate Broker to the company, along with UBS.


For further information, please contact:

John Holland-Kaye 0121 600 8394 / 07816 5172000
Taylor Woodrow Investor Relations

Emma Burdett / William Clutterbuck 020 7379 5151
Maitland Consultancy



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