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               08 May 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       24,471,251    4.21%         817,809    0.14%
 securities
(2) Derivatives       304,411    0.05%       1,153,672    0.20%
(other than
options)
(3) Options and       266,010    0.05%         266,010    0.05%
agreements to
purchase/sell

Total              25,041,672    4.30%       2,237,491    0.38%


(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      14,290               4.9950
Purchase      66,577               5.0596
Purchase      100,000              5.0075
Purchase      4,861                4.9857
Purchase      2,124                5.0735
Purchase      61                   4.9762
Purchase      1,484                4.9950
Purchase      4,034                5.0259
Purchase      10,234               4.9625
Purchase      800,949              4.9625
Sale          71,430               5.0472
Sale          33,672               5.0694
Sale          800,949              4.9625
Sale          10,234               4.9625
Sale          34                   4.9941
Sale          9,865                5.0230
Sale          2,708                5.0815
Sale          5,502                4.9821
Sale          64,686               5.0548


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name                                           Unit (GBP)
CFD        Short         61                    4.9762
CFD        Short         4861                  4.9856
CFD        Short         4034                  5.0259
CFD        Short         66577                 5.0595
CFD        Short         2124                  5.0735
CFD        Long          34                    4.9941
CFD        Long          9865                  5.0229
CFD        Long          71430                 5.0471
CFD        Long          64686                 5.0547
CFD        Long          33672                 5.0693
CFD        Long          2708                  5.0814


(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                         09 May 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