Transaction in Own Shares

Taylor Woodrow PLC
10 May 2004


Taylor Woodrow plc

Share buyback programme

Taylor Woodrow plc ('the company') announces that on 10 May, 2004 it purchased
1,380,000 of its 25p ordinary shares at prices between 266.65 pence per share
and 277.10 pence per share. These shares will be held as Treasury shares.

This purchase equates to approximately 0.236 per cent of the company's total
issued share capital.

The purchase was made by the company pursuant to the authorisation granted at
its Annual General Meeting on 20 April, 2004, under Section 163 Companies Act
1985. 

Aggregate purchases to date pursuant to that authorisation total 6,993,000
shares, equating to approximately 1.194 per cent of the company's total issued
share capital.

Richard Morbey
Group Company Secretary




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