Director Shareholding

Taylor Woodrow PLC
21 December 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


        1) Name of company
        Taylor Woodrow plc

        2) Name of director
        Denis Mac Daid

        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
        or in respect of a non-beneficial interest

Shareholder


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Denis James Anthony Mac Daid


5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

No

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Grant of Executive Share Option

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A


9) Number of shares/amount
of stock disposed

N/A


10) Percentage of issued class

N/A

11) Class of security

25p ordinary shares

12) Price per share
N/A


13) Date of transaction
N/A



14) Date company informed
N/A



15) Total holding following this notification
N/A

16) Total percentage holding of issued class following this notification

N/A

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

20 December 2001

18) Period during which or date on which exercisable

20 December 2004 to 19 December 2011

19) Total amount paid (if any) for grant of the option
Nil


20) Description of shares or debentures involved: class, number

130,000 25p ordinary shares

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
170p


22) Total number of shares or debentures over which options held
following this notification

277,724

23) Any additional information

n/a

24) Name of contact and telephone number for queries

Michael Lonnon

01784 428748

25) Name and signature of authorised company official responsible for
making this notification

Michael Lonnon

Date of Notification 21 December, 2001