Directors' Notification of Dealing in Shares

Taylor Woodrow PLC
27 March 2000


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Taylor Woodrow plc

2   Name of director:
Mr. K.R. Egerton

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
Director

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

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:
Exercise of option granted in March 1998 to receive shares in respect of the
company's Executive Bonus Plan 1997 and sale of sufficient of these shares to
pay the associated tax charge upon exercise

7   Number of shares/amount of stock acquired:
19,412

8   Percentage of issued class:
0.005%

9   Number of shares/amount of stock disposed:
7,722

10  Percentage of issued class:
0.002%

11  Class of security:
25p ord.

12  Price per share:
Price Paid = NIL.  Price received on sale = 156.5p

13  Date of transaction:
24 March 2000

14  Date company informed:
24 March 2000

15  Total holding following this notification:
54,269

16  Total percentage holding of issued class following this notification:
0.014%

If a director has been granted options by the company, please complete the
following fields:

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  Contact name for queries:
R.I. Morbey, Secretary

24  Contact telephone number:
0171-629 1201

25  Name of company official responsible for making notification:
R.I. Morbey