Director Shareholding

Taylor Woodrow PLC
31 October 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1. Name of company



Taylor Woodrow plc



2) Name of director



Michael Davies (non-executive director)



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)

Michael Davies


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

Purchase of shares

7) Number of shares/amount of
stock acquired

5,000

8) Percentage of issued class

0.00086%

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
225.7p


13) Date of transaction
31 October, 2003


14) Date company informed
31 October, 2003


15) Total holding following this notification
5,000


16) Total percentage holding of issued class following this notification

0.00086%

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

0121 600 8542

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

Richard Morbey

Date of Notification 31 October, 2003


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