Directors' Notification of Dealing in Shares

Taylor Woodrow PLC
31 March 2000

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:
31 MARCH 2000:
400,000 ORDINARY SHARES OF 25P EACH AT A PRICE OF 144p PER SHARE.

THIS PURCHASE WAS MADE TO MEET REQUIREMENTS OF THE TRUSTEE IN RELATION TO
OPTIONS TO BE AWARDED UNDER THE TAYLOR WOODROW EXECUTIVE BONUS 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 31
MARCH 2000.