Director Shareholding

Taylor Woodrow PLC
27 March 2002

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

 1. Name of company
    Taylor Woodrow plc


    2) Name of director
    Denis James Anthony Mac Daid


    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

Beneficial interest of the 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)

Denis James Anthony Mac Daid


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 Executive Bonus Plan option

7) Number of shares/amount of
stock acquired

3,847

8) Percentage of issued class

0.0007%

9) Number of shares/amount
of stock disposed

n/a

10) Percentage of issued class

n/a

11) Class of security

25p ordinary shares

12) Price per share
Nil consideration (the options were granted in 1999 lieu of cash bonus for
performance in 1998)

13) Date of transaction
25 March 2002

14) Date company informed
26 March 2002

15) Total holding following this notification
75,300

16) Total percentage holding of issued class following this notification

0.0136%

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 26 March 2002



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