Director Shareholding

Taylor Woodrow PLC
13 September 2001


                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1) Name of company
Taylor Woodrow plc

2) Name of director
Keith Egerton

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18
or in respect of a non-beneficial interest

Shareholder


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Keith Robert Egerton


5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

No

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Exercise of share option to acquire 50,800 shares at nil consideration in lieu
of bonus and the sale of 20,200 of those shares to cover the related income
tax charge thereon.

7) Number of shares/amount of stock acquired

50,800

8) Percentage of issued class

0.0089%


9) Number of shares/amount
of stock disposed

K. R. Egerton 20,200


10) Percentage of issued class

0.0035%

11) Class of security

25p ordinary shares

12) Price per share
175.5p


13) Date of transaction
13 September, 2001


14) Date company informed
13 September, 2001


15) Total holding following this notification
76,905


16) Total percentage holding of issued class following this notification

0.0134%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

n/a

18) Period during which or date on which exercisable

n/a

19) Total amount paid (if any) for grant of the option
n/a


20) Description of shares or debentures involved: class, number

n/a

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
n/a


22) Total number of shares or debentures over which options held
following this notification

n/a

23) Any additional information

n/a

24) Name of contact and telephone number for queries

Richard Morbey

01784 428745

25) Name and signature of authorised company official responsible for
making this notification

Richard Morbey

Date of Notification 13 September, 2001