Rule 8.3 - TAYLOR WOODROW

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              TAYLOR WOODROW
Class of relevant security    ORD GBP0.25
to which the dealings being
disclosed relate (Note 2)
Date of dealing               16 April 2007

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                    Short

                      Number       (%)          Number     (%)

(1) Relevant        24,370,272   4.19%          629,319    0.11%
 securities
(2) Derivatives        620,208   0.11%        1,650,533    0.28%
(other than
options)
(3) Options and              0   0.00%                0    0.00%
agreements to
purchase/sell

Total               24,990,480   4.29%        2,279,852    0.39%


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

(a)  Purchases and sales

Purchase/sale Number of Securities Price per unit
                                   (GBP)
Purchase            29,700            5.1357
Purchase            19,972            5.1236
Purchase             5,033            5.1550
Purchase               280            5.1550
Purchase             7,760            5.1550
Purchase               624            5.0978
Purchase               181            5.1550
Purchase               263            5.0850
Purchase             4,409            5.1214
Purchase             4,219            5.1019
Sale                19,972            5.1236
Sale                19,972            5.1236
Sale                 1,500            5.1190
Sale                 3,136            5.1590
Sale                37,497            5.1112
Sale                    29            5.1550
Sale                 5,214            5.1550
Sale                13,473            5.1540
Sale                13,700            5.1246
Sale               100,000            5.0881


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name,      (Note 6)      (Note 7)              Unit (GBP)
e.g. CFD
CFD          Short           4219                   5.1019
CFD          Short           4409                   5.1214
CFD          Short          29700                   5.1356
CFD          Long           37497                   5.1111
CFD          Long            1500                   5.1189
CFD          Long           19972                   5.1235
CFD          Long           13700                   5.1245
CFD          Long           13473                   5.1539
CFD          Long            3136                   5.1589


(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit (GBP)
                varying etc.      relates (GBP)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)





4.   OTHER INFORMATION
None

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.





Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         17 April 2007
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk