Directors' Dealings

TAYLOR WOODROW PLC
23 September 1999


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Taylor Woodrow plc

2   Name of director:
Mr. K.R. Egerton

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
Director & Chief Executive

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
K.R. 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:
Grant of executive option

7   Number of shares/amount of stock acquired:
(see below)

8   Percentage of issued class:


9   Number of shares/amount of stock disposed:


10  Percentage of issued class:


11  Class of security:
25p ord.

12  Price per share:
(see below)

13  Date of transaction:
23 September 1999

14  Date company informed:
23 September 1999

15  Total holding following this notification:
N/A

16  Total percentage holding of issued class following this notification:
N/A

If a director has been granted options by the company, please complete the
following fields:

17  Date of grant:
23 September 1999

18  Period during which or date on which exercisable:
23 September 2002 to 22  September 2009

19  Total amount paid (if any) for grant of the option:
Nil

20  Description of shares or debentures involved: class, number:
100,000 25p ord.

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
160.5p

22  Total number of shares or debentures over which options held following
this notification:
497,983

23  Contact name for queries:
R.I. Morbey, Secretary

24  Contact telephone number:
0171-629 1201

25  Name of company official responsible for making notification:
R.I. Morbey


Additional Information: