Transaction in Own Shares

Taylor Woodrow PLC
09 December 2004

9 December 2004
Taylor Woodrow plc
Share buyback

Taylor Woodrow plc ('the company') announces that on 9 December 2004 it
purchased 1,000,000 of its 25p ordinary shares at prices between 245 pence per
share and 243 pence per share.

These shares will be held as Treasury shares.

This purchase equates to approximately 0.176 per cent of the company's total
issued share capital.

Following the purchase of these shares, Taylor Woodrow holds 17,565,606 as
Treasury shares and has 568,900,651 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 8,596,502
shares, equating to approximately 1.51 per cent of the company's total issued
share capital (excluding treasury shares).


Contact:

Richard Morbey
Group Company Secretary


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