Transaction in Own Shares

Taylor Woodrow PLC
23 November 2004


23 November 2004
Taylor Woodrow plc
Share buyback

Taylor Woodrow plc ('the company') announces that on 23 November 2004 it
purchased 1,000,000 of its 25p ordinary shares at prices between 235.25 pence
per share and 234 pence per share.

These shares will be held as Treasury shares.

This purchase equates to approximately 0.174 per cent of the company's total
issued share capital.

Following the purchase of these shares, Taylor Woodrow holds 12,582,814 as
Treasury shares and has 573,601,594 ordinary shares in issue (excluding treasury
shares).

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 3,613,710
shares, equating to approximately 0.63 per cent of the company's total issued
share capital (excluding treasury shares).

Contact:
Richard Morbey
Group Company Secretary


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