AGM Statement

Taylor Woodrow PLC 03 May 2006 Taylor Woodrow plc AGM Statement Iain Napier, Chief Executive of Taylor Woodrow, will make the following comments at today's AGM: 'In the UK, we have experienced increases in reservations per site per week, along with an improvement in cancellation rates. We continue to expect modest growth in unit completions for the full year. However, as we indicated at our Preliminary Results Announcement, our site opening schedule will be more weighted towards the second half. Our record forward sales position, allied to our proven land development skills, gives us confidence in our ability to grow 2006 profits from our North American operations. Despite the softening in certain of our North American markets compared with the exceptional growth that they saw in 2005, we continue to anticipate good increases in completions, particularly in the second half. Spain and Construction remain on course to deliver stable performance in 2006. Overall, the outlook for 2006 remains in line with our expectations.' -ends- Notes to editors: Taylor Woodrow is a housing development group. Its primary business is the development of sustainable communities of high quality homes across the UK and in selected markets in North America and Spain. The company is listed on the London Stock Exchange and in the year ending 31 December 2005 turnover increased by 5% to £3.5 billion. For further information please visit the company's website - www.taylorwoodrow.com For further information please contact: Taylor Woodrow Investor Relations Jonathan Drake 0121 600 8394 / 07816 517 039 Taylor Woodrow Media Enquiries Ian Morris 0121 600 8520 / 07816 518 767 Bell Pottinger Dan de Belder/ Victoria Geoghegan 020 7861 3232 This information is provided by RNS The company news service from the London Stock Exchange
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