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               11 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       24,658,000    4.24%         498,566    0.09%
 securities
(2) Derivatives       90,057     0.02%       1,305,957    0.22%
(other than
options)
(3) Options and       209,465    0.04%         209,465    0.04%
agreements to
purchase/sell

Total              24,957,522    4.29%       2,013,988    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      30,414               4.8609
Purchase      1,293                4.9613
Purchase      2,315                4.8485
Purchase      20,000               4.8132
Purchase      103,218              4.8466
Purchase      32,366               4.8509
Purchase      6,000                4.8040
Purchase      25,215               4.8610
Purchase      18,054               4.8193
Purchase      16,071               4.8112
Purchase      37,831               4.8220
Sale          20,152               4.8600
Sale          3,000                4.8365
Sale          33,032               4.8526
Sale          3,270                4.8625


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name                                           Unit (GBP)
CFD        Short         6000                  4.804
CFD        Short         16071                 4.8111
CFD        Short         20000                 4.8132
CFD        Short         18054                 4.8192
CFD        Short         37831                 4.822
CFD        Short         103218                4.8466
CFD        Short         2315                  4.8484
CFD        Short         32366                 4.8509
CFD        Short         30414                 4.8608
CFD        Short         25215                 4.8609
CFD        Long          3000                  4.8365
CFD        Long          33032                 4.8525
CFD        Long          3270                  4.8625

(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                         14 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