Director Shareholding

Taylor Woodrow PLC
16 January 2002

                                 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 and spouse


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 (53,920) and Pauline Egerton (36,434)


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

Director and Spouse (Mrs. Pauline Egerton)

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 senior executive share option to acquire 25,000 shares at the
option price of 117.4p per share and the subsequent sale of sufficient shares
to cover the cost of exercising the option.

7) Number of shares/amount of stock acquired

25,000

8) Percentage of issued class

0.0045%


9) Number of shares/amount
of stock disposed

Mr. Egerton 11,346

Mrs. Egerton 4,705


10) Percentage of issued class

Mr. Egerton 0.002%

Mrs. Egerton 0.00085%


11) Class of security

25p ordinary shares

12) Price per share
183.5p


13) Date of transaction
16 January 2002


14) Date company informed
16 January 2002


15) Total holding following this notification
90,354

16) Total percentage holding of issued class following this notification

0.016%

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

Michael Lonnon

01784 428748

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

Richard Morbey

Date of Notification 16 January 2002