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               09 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       24,308,087    4.18%         719,620    0.12%
 securities
(2) Derivatives       310,994    0.05%       1,160,138    0.20%
(other than
options)
(3) Options and       251,712    0.04%         251,712    0.04%
agreements to
purchase/sell

Total              24,870,793    4.27%       2,131,470    0.37%


(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      24,146               4.9649
Purchase      701                  4.9675
Purchase      10,607               5.0052
Purchase      151                  4.9625
Purchase      16,631               4.9598
Purchase      6,402                4.9218
Purchase      4,128                4.9656
Purchase      11,111               4.9635
Sale          4,000                4.9175
Sale          1,500                4.9175
Sale          1,350                4.9175
Sale          4,000                4.9175
Sale          1,000                4.9175
Sale          1,000                4.9175
Sale          23,205               4.9796
Sale          1,300                4.9175
Sale          2,018                5.0515
Sale          30,294               4.9494
Sale          4,852                5.0400
Sale          159,429              4.9338
Sale          43                   4.9544
Sale          850                  5.0811
Sale          2,200                4.9243


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name                                           Unit (GBP)
CFD        Short         16631                 4.9597
CFD        Short         11111                 4.9634
CFD        Short         24146                 4.9649
CFD        Short         10607                 5.0051
CFD        Long          2200                  4.9242
CFD        Long          30294                 4.9493
CFD        Long          43                    4.9544
CFD        Long          23205                 4.9796
CFD        Long          4852                  5.04
CFD        Long          2018                  5.0514


(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                         10 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