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               20 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        24,182,596   4.16%          715,914    0.12%
 securities
(2) Derivatives        707,728   0.12%        1,348,604    0.23%
(other than
options)
(3) Options and              0   0.00%                0    0.00%
agreements to
purchase/sell

Total               24,890,324   4.28%        2,064,518    0.35%


(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         52,830              5.0800
Purchase          4,235              5.0925
Purchase         18,462              5.0925
Purchase        349,726              Transfer
Purchase         96,971              5.1043
Purchase         41,496              5.0848
Purchase         11,623              5.0983
Purchase          5,033              5.0885
Sale              2,000              5.1125
Sale              1,475              5.1125
Sale              2,000              5.1125
Sale                950              5.1125
Sale             40,059              5.0916
Sale             36,699              5.1155
Sale              1,500              5.1125
Sale              2,000              5.1125
Sale              6,000              5.1125
Sale              1,600              5.1125
Sale              1,000              5.1125
Sale              3,000              5.1125
Sale             96,815              5.1024
Sale              2,000              5.1125
Sale              2,000              5.1125
Sale              1,500              5.1125
Sale              1,100              5.1125
Sale              8,661              5.1254
Sale              3,000              5.1125
Sale              1,000              5.1125
Sale              1,100              5.1125
Sale              1,500              5.1125
Sale              3,000              5.1125
Sale              2,500              5.1125
Sale             20,000              5.1058
Sale              1,000              5.1125
Sale              3,000              5.1125
Sale              1,500              5.1125
Sale              1,000              5.1125
Sale              3,000              5.1125
Sale              2,000              5.1125
Sale             52,830              5.0800
Sale              9,500              5.0931
Sale              4,000              5.1125
Sale              2,000              5.1125
Sale              2,000              5.1125
Sale              8,351              5.0518
Sale              3,000              5.1125
Sale              3,000              5.1125
Sale              1,000              5.1125
Sale              1,000              5.1125
Sale              1,000              5.1125
Sale              1,500              5.1125
Sale              1,500              5.1125
Sale              2,000              5.1125
Sale              1,000              5.1125
Sale                932              5.0825
Sale              2,000              5.1125
Sale              1,000              5.1125
Sale              1,500              5.1125
Sale              1,500              5.1125
Sale              2,000              5.1125
Sale              1,400              5.1125
Sale              3,000              5.1125
Sale              2,000              5.1125
Sale              2,000              5.1125
Sale              4,536              5.0990
Sale              1,911              5.1200
Sale              2,200              5.1125
Sale              3,000              5.1125
Sale              2,000              5.1125

(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           41496               5.0848
CFD         Short            5033               5.0885
CFD         Short           11623               5.0982
CFD         Short           96971               5.1042
CFD         Long             8351               5.0518
CFD         Long            40059               5.0916
CFD         Long             9500               5.0931
CFD         Long             4536               5.0989
CFD         Long            96815               5.1024
CFD         Long            20000               5.1058
CFD         Long            36699               5.1154
CFD         Long             1911               5.12
CFD         Long             8661               5.1254

(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                         23 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