Rule 8.3 - TAYLOR WOODROW

Due to system problems on 22/06/07 this 8.3 disclosure is one day late. Our apologies for any inconvenience.

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              TAYLOR WOODROW
Class of relevant security    ORD GBP0.25
to which the dealings being
disclosed relate (Note 2)
Date of dealing               21 June 2007

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                    Short

                      Number       (%)          Number     (%)

(1) Relevant       22,024,038    3.78%         859,718     0.15%
 securities
(2) Derivatives        92,380    0.02%       1,646,196     0.28%
(other than
options)
(3) Options and         2,338    0.00%           2,338     0.00%
agreements to
purchase/sell

Total              22,118,756    3.80%       2,508,252     0.43%

(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

(a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase      14,533               3.9208
Purchase      40,743               3.9446
Purchase      3,072                3.9200
Purchase      921                  3.9280
Purchase      161,900              3.9135
Purchase      6,497                3.9725
Purchase      187,608              4.0400
Sale          38,420               3.9526
Sale          1,541                3.9975
Sale          3,072                3.9200
Sale          2,783                3.9200
Sale          187,608              4.0400
Sale          187,608              4.0400
Sale          3,074                3.9594
Sale          1,600                3.9632
Sale          20,000               3.9200
Sale          1,412                3.9200


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name                                           Unit (GBP)
CFD        Short         161900                3.9135
CFD        Short         14533                 3.9207
CFD        Short         921                   3.928
CFD        Short         40743                 3.9445
CFD        Short         6497                  3.9724
CFD        Long          38420                 3.9525
CFD        Long          3074                  3.9593
CFD        Long          1600                  3.9632

(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)





4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.





Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         25 June 2007
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk