Additional Listing

Taylor Woodrow PLC
23 May 2001

Application has been made to the UK Listing Authority for the listing of, and to
the London Stock Exchange for the Admission of 500,000 Ordinary Shares of 25p
each fully paid, ranking pari passu with the existing ordinary shares, to the
Official List.

These shares will be issued under the Company's Executive Share Option Scheme.

Copies of this brochure are available for inspection from the Document Viewing
Facility of the UK Listing Authority during the next two business days and from

Hoare Govett Limited

up to and including 14 days from date thereof.