Directors' Option Awards

Taylor Woodrow PLC
18 October 2000


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Taylor Woodrow plc

2   Name of director:
A.R. Auer

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

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
Director 

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
Director 

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:
N/A

8   Percentage of issued class:
N/A

9   Number of shares/amount of stock disposed:
N/A

10  Percentage of issued class:


11  Class of security:
25p ordinary shares 

12  Price per share:
N/A

13  Date of transaction:
N/A

14  Date company informed:
18.10.00.

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:
17.10.00.

18  Period during which or date on which exercisable:
17.10.2003 to 16.10.2010

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

20  Description of shares or debentures involved: class, number:
130,000 25p ordinary shares

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
153p

22  Total number of shares or debentures over which options held following
this notification:
130,000

23  Contact name for queries:
Mr. M. A. Lonnon

24  Contact telephone number:
020 7298 5149

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



Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Taylor Woodrow plc

2   Name of director:
P.D.Phipps

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

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
Director

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
Director

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 share option

7   Number of shares/amount of stock acquired:
n/a

8   Percentage of issued class:
n/a

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:
n/a

13  Date of transaction:
n/a

14  Date company informed:
18.10.00.

15  Total holding following this notification:


16  Total percentage holding of issued class following this notification:


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

17  Date of grant:
17.10.00.

18  Period during which or date on which exercisable:
17.10.2003 to 16.10.2010

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

20  Description of shares or debentures involved: class, number:
80,000 25p ordinary shares

21  Exercise price (if fixed at time of grant) or indication that price is to
be fixed at time of exercise:
153p

22  Total number of shares or debentures over which options held following
this notification:
339,817

23  Contact name for queries:
MA Lonnon

24  Contact telephone number:
020 7298 5149

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


Additional Information:
This announcement relates to the granting of executive share options on a
conditional basis to the two directors referred to in this announcement.