Director Shareholding

Taylor Woodrow PLC
10 March 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Taylor Woodrow plc


2) Name of director

Denis James Anthony 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

Beneficial interest of the 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 (60,654)

Kathleen Mac Daid (96,576)


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

Yes - Kathleen Mac Daid

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

Exercise of Executive Share Option

7) Number of shares/amount of
stock acquired

19,607

8) Percentage of issued class

0.003%

9) Number of shares/amount
of stock disposed

12,664

10) Percentage of issued class

0.002%

11) Class of security

25p ordinary shares

12) Price per share

Exercise Price:  153p

Sale Price: 277.75p


13) Date of transaction

9 March 2004


14) Date company informed

9 March 2004


15) Total holding following this notification

164,173

16) Total percentage holding of issued class following this notification

0.028%

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

17) Date of grant

n/a

18) Period during which or date on which exercisable

n/a

19) Total amount paid (if any) for grant of the option
n/a


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

n/a

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


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

n/a

23) Any additional information

n/a

24) Name of contact and telephone number for queries

M.A. Lonnon

0121 600 8542


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

Richard Morbey

Date of Notification 10 March 2004


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