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               30 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       22,482,850    3.86%         580,197    0.10%
 securities
(2) Derivatives        90,129    0.02%       1,699,965    0.29%
(other than
options)
(3) Options and        88,904    0.02%          88,904    0.02%
agreements to
purchase/sell

Total              22,661,883    3.89%       2,369,066    0.41%


(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      2,018                4.4957
Purchase      75,211               4.4937
Purchase      2,584                4.4562
Purchase      83,032               Transfer
Purchase      73                   4.4975
Purchase      503,822              4.4762
Purchase      10,471               4.4711
Purchase      48,649               Transfer
Sale          503,822              4.4762
Sale          48,649               Transfer
Sale          83,032               4.5200
Sale          1,903                4.4575
Sale          879                  4.4575
Sale          18                   4.4939
Sale          6,339                4.5092
Sale          2,790                4.5391
Sale          48,649               4.5200
Sale          503,822              4.4762
Sale          10,914               4.4770
Sale          83,032               Transfer
Sale          17                   4.4771
Sale          139,140              4.4655
Sale          2,993                4.4363

(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name                                           Unit (GBP)
CFD        Short         2584                  4.4561
CFD        Short         10471                 4.471
CFD        Short         75211                 4.4937
CFD        Short         2018                  4.4957
CFD        Long          2993                  4.4363
CFD        Long          1903                  4.4574
CFD        Long          10931                 4.477
CFD        Long          18                    4.4938
CFD        Long          6339                  4.5092
CFD        Long          2790                  4.539


(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                         31 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