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               25 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        24,254,657   4.17%          533,903    0.09%
 securities
(2) Derivatives        526,016   0.09%        1,294,010    0.22%
(other than
options)
(3) Options and              0   0.00%                0    0.00%
agreements to
purchase/sell

Total               24,780,673   4.26%        1,827,913    0.31%


(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        13,925               4.9900
Purchase         7,739               4.9943
Purchase        22,528               4.9902
Purchase         2,600               5.0085
Purchase        10,824               4.9835
Purchase       349,726               5.0850
Purchase        10,529               5.0035
Sale            14,731               4.9949
Sale             2,300               4.9868
Sale           349,726               5.0850
Sale             6,157               5.0037
Sale            10,000               5.0129
Sale            26,084               4.9917
Sale             1,628               5.0049

(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name                                           Unit (GBP)
CFD           Short           10824             4.9834
CFD           Short           13925             4.99
CFD           Short           22528             4.9902
CFD           Short            7739             4.9942
CFD           Short           10529             5.0035
CFD           Short            2600             5.0084
CFD           Long             2300             4.9867
CFD           Long            26084             4.9916
CFD           Long            14731             4.9948
CFD           Long             6157             5.0037
CFD           Long             1628             5.0048
CFD           Long            10000             5.0128


(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                         26 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