TWOD Taylor Woodrow

RNS No 0993v
TAYLOR WOODROW PLC
15 October 1999



Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Taylor Woodrow plc

2   Name of shareholder having a major interest:
Franklin Resources, Inc and its affiliates

3   Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a non-beneficial
interest or in the case of an individual holder if it is a holding of that
person's spouse or children under the age of 18:
Shareholder named above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Chase Nominees Limited                    11,078,810
Northern Trust Company                       222,100
Bank of New York Nominees                    355,606
Lloyds Bank                                   60,189

5   Number of shares/amount of stock acquired:
Not advised

6   Percentage of issued class:
Not advised

7   Number of shares/amount of stock disposed:
n/a

8   Percentage of issued class:
n/a

9   Class of security:
25p ordinary shares

10  Date of transaction:
14 October, 1999

11  Date company informed:
14 October, 1999

12  Total holding following this notification:
11,716,705

13  Total percentage holding of issued class following this notification:
3.01%

14  Contact name for queries:
R.I. Morbey
Secretary

15 Contact telephone number:
0171 298 5172

16  Name of company official responsible for making notification:
R.I. Morbey

17  Date of notification:
14.10.99





Additional Information:

END


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