Rule 8.3 - TAYLOR WOODROW

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               13 April 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        24,512,324   4.21%         629,319     0.11%
 securities
(2) Derivatives        620,208   0.11%       1,650,533     0.28%
(other than
options)
(3) Options and              0   0.00%                0    0.00%
agreements to
purchase/sell

Total               25,132,532   4.32%        2,279,852    0.39%


(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      19,400               5.0850
Purchase      19,972               5.0859
Purchase      2,988                5.0850
Purchase      5,019                5.0484
Purchase      700                  5.0280
Purchase      5,241                5.0649
Purchase      574                  5.0775
Purchase      64,003               5.0628
Purchase      588                  5.0400
Purchase      6,576                5.0287
Purchase      2,905                5.0835
Sale          2,905                5.1165
Sale          1,794                5.0850
Sale          8,218                5.0645
Sale          31,806               5.1850
Sale          1,200                5.0645
Sale          52,228               5.0686
Sale          15,834               5.0840
Sale          667                  5.1440
Sale          19,300               5.0684


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name,      (Note 6)      (Note 7)              Unit (GBP)
e.g. CFD
CFD        Short         700                   5.028
CFD        Short         6576                  5.0287
CFD        Short         64003                 5.0628
CFD        Short         5241                  5.0649
CFD        Short         290                   5.0835
CFD        Short         19972                 5.0858
CFD        Long          1200                  5.0644
CFD        Long          8218                  5.0645
CFD        Long          19300                 5.0684
CFD        Long          5222                  5.0685
CFD        Long          15834                 5.0839
CFD        Long          2905                  5.1164
CFD        Long          667                   5.1439


(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                         16 April 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