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               18 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       24,068,051    4.13%         504,054    0.09%
 securities
(2) Derivatives        94,908    0.02%       1,430,249    0.25%
(other than
options)
(3) Options and       266,382    0.05%         266,382    0.05%
agreements to
purchase/sell

Total              24,429,341    4.20%       2,200,685    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      1,640                5.0627
Purchase      1,281                5.0485
Purchase      4,850                5.0175
Purchase      1,222                5.0425
Purchase      6,200                5.0734
Purchase      5,930                5.0627
Purchase      22,981               5.0392
Purchase      33,610               5.0184
Purchase      238                  5.0175
Purchase      404                  Transfer
Purchase      843                  5.0200
Purchase      17,794               5.0185
Purchase      3,030                5.0627
Purchase      27,740               5.0364
Purchase      27,299               5.0396
Purchase      769                  5.0485
Sale          13,909               5.0602
Sale          829                  5.0450
Sale          25,311               5.0458
Sale          3,000                5.0840
Sale          27,299               5.0396
Sale          27,299               5.0396


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name                                           Unit (GBP)
CFD        Short         33610                 5.0183
CFD        Short         17794                 5.0185
CFD        Short         27740                 5.0363
CFD        Short         22981                 5.0391
CFD        Short         1222                  5.0425
CFD        Short         6200                  5.0733
CFD        Long          27299                 5.0396
CFD        Long          829                   5.045
CFD        Long          25311                 5.0457
CFD        Long          13909                 5.0601
CFD        Long          3000                  5.0839



(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                         21 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