Purchase of Own Shares

Taylor Woodrow PLC
24 September 2001

Taylor Woodrow plc 

Share buyback programme

Taylor Woodrow plc ('the company') announces that on 21 September, 2001 it 
purchased for cancellation 50,000 of its 25p ordinary shares at a price of 135 
pence per share.

So far, 18,231,420 shares have been re-purchased since the programme began on
5 September 2001. This equates to approximately 3.139 per cent of the company's 
total issued share capital prior to the commencement of the programme.

The purchases were made by the company pursuant to the authorisation granted
at its Annual General Meeting on 31 May, 2001 under Section 163 Companies Act 
1985.

Further shares will be purchased by the company from time to time in the
market at prevailing market prices.

Enquiries:
Tony McGarahan, Group director of Corporate Relations 
Tel: [phone]