Director Shareholding

Taylor Woodrow PLC
24 September 2002

Taylor Woodrow plc

Taylor Woodrow plc Employee Share Ownership Trust

On 24 September 2002 the Taylor Woodrow plc Employee Share Ownership Trust
('ESOT') purchased 1,000,000 ordinary shares of 25p each in Taylor Woodrow 
plc at an average price per share of 165.75 pence.

The said shares were purchased to meet future maturing options under the
Taylor Woodrow Executive Share Option Plan.

There is no change to the notional interest of Executive Directors of Taylor
Woodrow plc in the unappropriated balance of shares held in the ESOT. That 
balance remains 3,958 shares.


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