Directors' Dealings

TAYLOR WOODROW PLC
28 September 1999

TAYLOR WOODROW PLC GIVES NOTICE THAT SG HAMBROS TRUST COMPANY (GUERNSEY) LTD.,
THE TRUSTEE TO AN EMPLOYEE BENEFIT TRUST ESTABLISHED BY THE COMPANY FOR THE
PURPOSES OF INCENTIVE PLANS FOR SENIOR EXECUTIVES (INCLUDING DIRECTORS) HAS
MADE A MARKET PURCHASE OF THE FOLLOWING TAYLOR WOODROW PLC ORDINARY SHARES:

DATE:
27th SEPTEMBER, 1999:
200,000 ORDINARY SHARES OF 25P EACH AT A PRICE OF 152p PER SHARE.

THIS PURCHASE WAS MADE TO MEET REQUIREMENTS OF THE TRUSTEE IN RELATION TO
OPTIONS ALREADY AWARDED UNDER THE TAYLOR WOODROW EXECUTIVE OPTION PLAN.

NO ADDITIONAL INTERESTS ARISE ON THE PART OF THE DIRECTORS BY REASON OF THESE
PURCHASES.

NOTIFICATION IN RESPECT OF THESE PURCHASES WAS RECEIVED BY THE COMPANY ON 28th
SEPTEMBER, 1999