Transaction in Own Shares

Taylor Woodrow PLC
11 May 2004

Taylor Woodrow plc

Share buyback programme

Taylor Woodrow plc ('the company') announces that on 11 May, 2004 it purchased 1,500,000 of its
25p ordinary shares at prices between 268.5 pence per share and 270.25 pence per share.
These shares will be held as Treasury shares.

This purchase equates to approximately 0.256 per cent of the company's total issued share
capital.

The purchase was made by the company pursuant to the authorisation granted at
its Annual
General Meeting on 20 April, 2004, under Section 163 Companies Act 1985.

Aggregate purchases to date pursuant to that authorisation total 8,493,000 
shares, equating to approximately 1.145 per cent of the company's total issued 
share capital.

Richard Morbey
Group Company Secretary


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