Director/PDMR Shareholding

Taylor Woodrow PLC 07 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 Director: P. T. Johnson Persons Discharging Managerial Responsibility: A. S. Luhaste R. I. Morbey I. C. Morris T. Peach J. R. Peshkin N. C. Smith A. Wilby 4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person A. Wilby - Self and spouse Others named - Self only 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 the persons named 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 Own name Other name P. T. Johnson 84,549 A. S. Luhaste 55,564 2,204 (HSDL Nominees Ltd.) R. I. Morbey 71,880 59,448 (Mrs. G. Morbey) I. C. Morris 36,582 1,754 (HSDL Nominees Ltd.) T. Peach 3,713 1,100 (HSDL Nominees Ltd.) J. R. Peshkin 227,310 N. C. Smith 98,943 7,342 (HSDL Nominees Ltd.) A. Wilby 108,142 902 (HSDL Nominees Ltd.) 8 State the nature of the transaction 1. A. Purchase of qualifying shares under the Taylor Woodrow Deferred Bonus Plan, using cash bonus earned in 2005 to acquire shares; 1. B. Grant of a one for one matching option under the Taylor Woodrow Deferred Bonus Plan, which, if the associated qualifying shares (see 1.A (above) are held for at least three years, and the performance condition is met whereby the company's earnings per share increase over the three year holding period by at least 3% cumulative above the growth in the UK Retail Prices Index over the corresponding period, is exercisable at the end of that three year performance period. 2. Sale of some or all of the qualifying and / or matching shares under the Taylor Woodrow Deferred Bonus Plan on first maturity of the qualifying shares purchased and the associated one for one matching option awards made by the company in 2003, based on executives' deferment of cash bonus entitlement earned for performance in 2002. 9. Number of shares, debentures or financial instruments relating to shares acquired P. T. Johnson 9,858 A. S. Luhaste 26,891 R. I. Morbey 17,517 I. C. Morris 2,464 T. Peach 2,464 J. R. Peshkin 96,584 N. C. Smith 54,626 A. Wilby 41,134 10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage) P. T. Johnson 0.0017 A. S. Luhaste 0.0047 R. I. Morbey 0.003 I. C. Morris 0.0004 T. Peach 0.0004 J. R. Peshkin 0.0167 N. C. Smith 0.0095 A. Wilby 0.007 (Percentages shown are calculated relative to shares in issue less treasury shares on date of purchase which was 577,051,084 shares) 11. Number of shares, debentures or financial instruments relating to shares disposed A. S. Luhaste 10,051 R. I. Morbey 17,517 J. R. Peshkin 135,950 N. C. Smith 39,839 A. Wilby 41,134 (own name) 21,134 (Mrs. S. P. Wilby) 12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage) A. S. Luhaste 0.00174 R. I. Morbey 0.003 J. R. Peshkin 0.0236 N. C. Smith 0.0069 A. Wilby 0.01 (Percentages shown are calculated relative to shares in issue less treasury shares on date of sale which was 577,051,084 shares) 13. Price per share or value of transaction Purchases of shares 402.3206p Sales of shares 402.3206p 14. Date and place of transaction 7 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) Holding Percentage P. T. Johnson 94,407 0.016 A. S. Luhaste 74,608 0.013 R. I. Morbey 131,328 0.023 I. C. Morris 40,800 0.007 T. Peach 7,277 0.00126 J. R. Peshkin 187,944 0.033 N. C. Smith 121,072 0.02 A. Wilby 87,910 0.0152 (Percentages shown are calculated relative to shares in issue less treasury shares on date of transactions which was 577,051,084 shares) 16. Date issuer informed of transaction 7 April 2006 If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes 17 Date of grant 7 April 2006 18. Period during which or date on which it can be exercised The award vests, subject to retention of the associated qualifying share award for three years and subject also to the achievement of the performance criterion, following publication of the company's accounts for the performance period (i.e. expected to be in early 2009). 19. Total amount paid (if any) for grant of the option Nil 20. Description of shares or debentures involved (class and number) P. T. Johnson 9,858 A. S. Luhaste 2,464 I. C. Morris 2,464 T. Peach 2,464 J. R. Peshkin 28,609 N. C. Smith 14,787 All of the above refer to 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 Nil 22. Total number of shares or debentures over which options held following notification P. T. Johnson 461,882 A. S. Luhaste 175,082 I. C. Morris 165,290 T. Peach 120,067 J. R. Peshkin 444,153 N. C. Smith 262,579 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 7 April 2006 This information is provided by RNS The company news service from the London Stock Exchange
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