Completion of Merger

Taylor Wimpey PLC
03 July 2007

3 July 2007

                       Taylor Wimpey plc (the 'Company')

    Completion of the Merger of George Wimpey Plc and Taylor Woodrow plc and

                      Change of Name to Taylor Wimpey plc

Scheme becomes Effective

The First Court Order made by the High Court of Justice in England and Wales
(the 'High Court') on 26 June 2007 sanctioning the scheme of arrangement (the
'Scheme') between George Wimpey Plc ('George Wimpey') and the holders of Scheme
Shares and the Second Court Order made by the High Court on 2 July 2007
confirming the reduction of capital relating to the Scheme have today been
delivered to the Registrar of Companies in England and Wales and the Second
Court Order has been registered by him.

The Taylor Wimpey Shares were issued and admitted to the Official List and to
trading on the London Stock Exchange's main market for listed securities with
effect from 8:00 a.m. today.  Accordingly, the Scheme has today become Effective
in accordance with its terms and the Merger has been completed.

Change of name and LSE designation

The Company's name changed to Taylor Wimpey plc earlier today at approximately
the same time at which the Scheme became Effective.

Following the change of name, the designation on trading screens of 'TWOD' has
changed to 'TW.'.

De-listing of George Wimpey Shares

The George Wimpey Shares were de-listed from the Official List and from the
London Stock Exchange's market for listed securities earlier today.

Board changes

In accordance with the Merger documentation, the board of the Company announces
that Peter Redfern, Ian Sutcliffe, John Landrum, David Williams, Brenda Dean and
Anthony Reading have been appointed, and Ian Smith and Vernon Sankey have
resigned, as directors of the Company.  Accordingly, the board of the Company
comprises the following directors:

Name                                                     Role

Norman Askew                                             Chairman
Peter Redfern                                            Chief Executive
Peter Johnson                                            Finance Director
Ian Sutcliffe                                            UK Managing Director (Housing)
John Landrum                                             North American President
David Williams                                           Senior Independent Director
Mike Davies                                              Non-Executive Director
Brenda Dean                                              Non-Executive Director
Andrew Dougal                                            Non-Executive Director
Katherine Innes Ker                                      Non-Executive Director
Anthony Reading                                          Non-Executive Director

The individuals who were appointed to the board of the Company held the
following directorships in publicly quoted companies in the previous five years:

Director                        Company                                   Date Resigned

Peter Redfern                   George Wimpey Plc                         3 July 2007

Ian Sutcliffe                   George Wimpey Plc                         3 July 2007

David Williams                  George Wimpey Plc                         3 July 2007
                                Meggitt PLC                               Current
                                Tullow Oil plc                            Current
                                Bunzl plc                                 Former
                                The Peninsula and Oriental Steam          Former
                                Navigation Company

Brenda Dean                     George Wimpey Plc                         3 July 2007
                                Chamberlain Phipps Group Plc              Current
                                Dawson Holdings PLC                       Current

Anthony Reading                 George Wimpey Plc                         3 July 2007
                                e2v technologies plc                      Current
                                Spectris plc                              Current
                                The Laird Group PLC                       Current
                                Tomkins plc                               31 December 2003


There are no other matters to be announced as required under LR 9.6.13 R of the
Listing Rules.

In addition, James Jordan has replaced Richard Morbey as Company Secretary.


Other information

Unless stated otherwise, terms defined in the Scheme Document dated 4 May 2007
shall have the same meaning in this announcement.

Enquiries:

Taylor Wimpey plc

Tel: [phone]

Peter Redfern

Peter Johnson


Overseas jurisdictions

The release, publication or distribution of this announcement in jurisdictions
other than the United Kingdom may be restricted by law and therefore any persons
who are subject to the laws of any jurisdiction other than the United Kingdom
should inform themselves about, and observe, any applicable requirements.  This
announcement has been prepared for the purposes of complying with English law
and the City Code and the information disclosed may not be the same as that
which would have been disclosed if this announcement had been prepared in
accordance with the laws and regulations of any jurisdiction outside of England.

This announcement is not intended to, and does not constitute, or form part of,
an offer to sell or an invitation to purchase or subscribe for any securities or
a solicitation of any vote or approval in any jurisdiction.

In particular, this announcement is not an offer of securities for sale in the
United States and the Taylor Wimpey Shares have not been, and will not be,
registered under the US Securities Act of 1933, as amended (the 'US Securities
Act') or under the securities law of any state, district or other jurisdiction
of the United States, Australia, Canada or Japan and no regulatory clearance in
respect of the Taylor Wimpey Shares has been, or will be, applied for in any
jurisdiction other than the UK. The Taylor Wimpey Shares may not be offered or
sold, directly or indirectly in, into or from the United States absent
registration or pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the US Securities Act.


                      This information is provided by RNS
            The company news service from the London Stock Exchange