Transaction in Own Shares

Taylor Woodrow PLC
12 November 2004

12 November 2004

Taylor Woodrow plc

Share buyback



Taylor Woodrow plc ('the company') announces that on 12 November 2004 it
purchased 1,000,000 of its 25p ordinary shares at prices between 234.5 pence per
share and 235.75 pence per share.



These shares will be held as Treasury shares.



This purchase equates to approximately 0.173 per cent of the company's total
issued share capital.



Following the purchase of these shares, Taylor Woodrow holds 11,082,814 as
Treasury shares and has 576,098,230 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 2,113,710
shares, equating to approximately 0.367 per cent of the company's total issued
share capital (excluding treasury shares).



Contact:

Richard Morbey

Group Company Secretary




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