Director Shareholding

Taylor Woodrow PLC
04 April 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company
Taylor Woodrow plc

2) Name of directors


a)    Iain Napier

b)    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

Shareholders


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

a)    John Grant (known as Iain) NAPIER

b)    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

Purchases of shares by directors utilising their 2002 cash bonuses and the award
of matching options under the company's Executive Bonus Plan for 2002 bonus
year:


a.1   Purchase of 112,046 ordinary shares of 25p of Taylor Woodrow plc  (Napier)

a.2   Grant of 1:1 Matching Option over 112,046 further such shares     (Napier)



b.1   Purchase of 60,654  ordinary shares of 25p of Taylor Woodrow plc (Mac Daid)

b.2   Grant of 1:1 Matching Option over 60,654 further such shares (Mac Daid)



7) Number of shares/amount of stock acquired

a)    112,046 (Napier)

b)    60,654  (Mac Daid)

8) Percentage of issued class

a)    0.02% (Napier)

b)    0.01% (Mac Daid)


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
180p (both purchases)


13) Date of transaction
4 April 2003


14) Date company informed
4 April 2003


15) Total holding following this notification
a)    131,046     (Napier)

b)    151,923    (Mac Daid)

16) Total percentage holding of issued class following this notification

a)    0.024%      (Napier)

b)    0.027%      Mac Daid)

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

17) Date of grant

4 April 2003

18) Period during which or date on which exercisable

4 April 2006 to 3 April 2013

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


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

a)    112,046 25p ordinary shares   (Napier)

b)    60,654 25p ordinary shares (Mac Daid)

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


Nil


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

a)    1,548,326   (Napier)

b)      526,895   (Mac Daid)

23) Any additional information

n/a

24) Name of contact and telephone number for queries

Richard Morbey

0121 600 8540


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

Richard Morbey
Group Company Secretary

Date of Notification 4 April 2003


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