CEO to retire in 2007

Taylor Woodrow PLC
23 May 2006

                               TAYLOR WOODROW plc

                              CEO to retire in 2007


Taylor Woodrow plc announces that Iain Napier, Group Chief Executive, will be
retiring in the Spring of 2007 to take up the position of Non-Executive Chairman
of Imperial Tobacco Group plc, where he is already Joint Vice Chairman.

Norman Askew, Taylor Woodrow Chairman, commented:

'Over what will be 5 years since Iain joined as Chief Executive in February
2002, he has been responsible for steering Taylor Woodrow successfully through a
period of significant change and considerable growth, establishing the Group's
position as one of the UK's leading homebuilders with a portfolio of successful
homes businesses in the UK, North America and Spain.

'Working within a generous timeframe, the Board has now commenced its search for
a successor, which will cover internal and external candidates.'


For further information please contact:

Taylor Woodrow Finance Director
Peter Johnson                      0121 600 8555

Taylor Woodrow Media Enquiries
Ian Morris                         0121 600 8520 /
                                    01786 518767





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