Director/PDMR Shareholding

Taylor Woodrow PLC 04 April 2006 NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS 1. Name of the issuer Taylor Woodrow plc 2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or (ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as extended by section 328) of the Companies Act 1985; or (iii) both (i) and (ii) (i) A transaction notified in accordance with DR 3.1.4R(1)(A) 3. Name of person discharging managerial responsibilities/director John Peshkin (a Person Discharging Managerial Responsibility) 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person Not a connected person 5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest Holding of JR Peshkin 6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares 25p Ordinary Shares of Taylor Woodrow plc 7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them John Peshkin 8 State the nature of the transaction 1. Purchase of 235 shares as the fourth quarterly purchase of shares under the company's Section 423 Plan for its US employees (2005 Offer). Under the Plan, employees save a fixed amount each month, which is used to purchase shares of Taylor Woodrow plc on a quarterly basis at 15% below the lower of the middle market price on (a) the day preceding the first offer of the annual Plan (31 March 2005) and (b) the quarter end date (31 March 2006). The shares are held by the Plan administrator until called for by the participant. 2. Award of an option to purchase up to 873 shares under the company's Section 423 Plan for its US employees (2006 Offer). The shares would be purchased by the employee on a quarterly basis at 15% below the lower of the middle market price on (a) the day preceding the first offer of the annual Plan (31 March 2006) and (b) the respective quarter dates (30 June 2006, 30 September 2006, 31 December 2006 and 2 April 2007). The shares so purchased would be held by the Plan administrator until called for by the participant. 9. Number of shares, debentures or financial instruments relating to shares acquired 235 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) 0.00004% of shares in issue less treasury shares on date of purchase (576,880,205 shares) 11. Number of shares, debentures or financial instruments relating to shares disposed Nil 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) N/A 13. Price per share or value of transaction 260p 14. Date and place of transaction 3 April 2006 15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage) 227,310 Shares 0.039% of shares in issue less treasury shares on date of purchase (576,880,205 shares) 16. Date issuer informed of transaction 4 April 2006 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17 Date of grant 3 April 2006 18. Period during which or date on which it can be exercised Purchases are made on a quarterly basis, on 3 July 2006, 2 October 2006, 2 January 2007 and 3 April 2007. 19. Total amount paid (if any) for grant of the option Nil 20. Description of shares or debentures involved (class and number) Up to a maximum of 873 25p ordinary shares of Taylor Woodrow plc 21. Exercise price (if fixed at time of grant) or indication that price is to be fixed at the time of exercise The shares would be purchased by the employee on a quarterly basis at 15% below the lower of the middle market price on (a) the day preceding the first offer of the annual Plan (31 March 2006) and (b) the respective quarter dates (30 June 2006, 30 September 2006, 31 December 2006 and 2 April 2007). 22. Total number of shares or debentures over which options held following notification 513,001 23. Any additional information None 24. Name of contact and telephone number for queries M A Lonnon 0121 600 8542 Name and signature of duly authorised officer of issuer responsible for making notification Richard Morbey Secretary, Taylor Woodrow plc Date of notification 4 April 2006 END This information is provided by RNS The company news service from the London Stock Exchange
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