Offer Update

Taylor Woodrow PLC
09 October 2003

   Not for release, publication or distribution in or into any US Restricted
                    Jurisdiction, Canada, Australia or Japan

           Recommended Offer by UBS Investment Bank and HSBC Bank plc
                        on behalf of Taylor Woodrow plc
                (and in the United States by Taylor Woodrow plc)
                        for Wilson Connolly Holdings Plc

                    Posting of compulsory acquisition notice

For immediate release                                        9 October 2003


Taylor Woodrow announces that as at 3.00 p.m. on 8 October 2003, valid
acceptances of the Offer had been received in respect of 196,464,552 Wilson
Connolly Ordinary Shares, representing approximately 94.10 per cent. of the
existing issued ordinary share capital of Wilson Connolly.

As valid acceptances of the Offer have been received in respect of more than
nine-tenths in value of Wilson Connolly Ordinary Shares to which the Offer
relates, Taylor Woodrow intends to apply the provisions of sections 428-430F of
the Companies Act 1985 to acquire compulsorily all outstanding Wilson Connolly
Ordinary Shares on the terms of the Offer.  Accordingly, Taylor Woodrow will be
posting shortly formal notices under section 429 of the Companies Act 1985 to
Wilson Connolly Ordinary Shareholders who have not yet accepted the Offer.

The Offer, including the Loan Note Alternative and the Dividend Election
Facility, will remain open until further notice.  As previously announced, the
Mix and Match Facility closed at 3.00 p.m. on 8 October 2003.

Terms defined in the Offer Document dated 1 September 2003 shall have the same
meaning in this announcement.

                                    - ENDS -



For further information or enquiries, please contact:

Taylor Woodrow
Ian Morris, Corporate Communications

Phone: [phone]

Jonathan Murrin, Investor Relations

Phone [phone]

UBS Investment Bank
Michael Lacey-Solymar
Duncan Williams
Bill Hutchings

Phone: [phone]

HSBC
Charles Packshaw
Nick McCarthy
Clive Rates

Phone: [phone]

Financial Dynamics
Scott Fulton
Peter Otero

Phone: [phone] 7269 7121

The Offer is not being made, directly or indirectly, in or into, or by the use
of mails or any means or instrumentality (including, without limitation,
telephonically or electronically) of interstate or foreign commerce of, or any
facility of a national securities exchange of, any Restricted Jurisdiction.
Accordingly, copies of this announcement are not being, and must not be,
directly or indirectly, mailed or otherwise forwarded, distributed or sent in or
into or from any Restricted Jurisdiction and persons receiving this announcement
(including custodians, nominees and trustees) must not mail or otherwise
forward, distribute or send it in or into or from any Restricted Jurisdiction.
Doing so may render invalid any purported acceptance of the Offer.  The
availability of the Offer to persons who are not resident in the United Kingdom
may be affected by the laws of the relevant jurisdictions.  Persons who are not
resident in the United Kingdom should inform themselves about and observe any
applicable legal or regulatory requirements in their jurisdiction.  Further
details in relation to overseas shareholders are contained in the Offer
Document.

UBS and HSBC (which is regulated in the United Kingdom by the Financial Services
Authority) are acting for Taylor Woodrow and no one else in connection with the
Offer and will not be responsible to anyone other than Taylor Woodrow for
providing the protections afforded to clients of UBS and HSBC nor for giving
advice in relation to the Offer or any matter referred to herein.




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