Change to Holding in Company

Taylor Woodrow PLC
14 September 2000

Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Taylor Woodrow plc

2   Name of shareholder having a major interest:
Schroder Investment Management Ltd.

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
Non-beneficial interest.
Notification also includes the interests of Schroders plc (the holding
company) and of Schroder Unit Trusts Ltd.

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
including:
Schroder Nominees Ltd.  - 18,147,052
Chase Nominees Ltd.     -  8,907,957
Various other holders   - 22,577,403  

5   Number of shares/amount of stock acquired:
Not advised

6   Percentage of issued class:
N/A

7   Number of shares/amount of stock disposed:
N/A

8   Percentage of issued class:
N/A

9   Class of security:
25p ordinary shares

10  Date of transaction:
Not advised

11  Date company informed:
14 September 2000

12  Total holding following this notification:
49,632,412

13  Total percentage holding of issued class following this notification:
12.991%

14  Contact name for queries:
R.I. Morbey

15 Contact telephone number:
0171-298 5172

16  Name of company official responsible for making notification:
R.I. Morbey, Secretary

17  Date of notification:
14 September 2000





Additional Information: