RNS Number:9145H
Taylor Woodrow PLC
28 January 2005


Taylor Woodrow Employee Share Ownership Trust


Taylor Woodrow plc ("the company") has been notified of the transfer on 27 January 2005 of 838,948 25p ordinary shares 
of the company ("shares") by the Taylor Woodrow Employee Share Ownership Trust ("ESOT").

These shares have been transferred to employees who validly exercised options granted over shares pursuant to the Taylor
Woodrow Group Savings-Related Share Option Scheme and the Taylor Woodrow Executive Share Option Plan.

The employee interests arising from this transaction are not themselves reportable.

Following this disposal, the ESOT now holds 6,463,805 shares.

Each of the executive directors of the company is a potential beneficiary under
the ESOT and therefore, in accordance with section 329 Companies Act 1985, is
regarded as having a notional interest in the ESOT holding of 6,463,805 shares.

Despite having this notional interest, each executive director will only be entitled to receive shares from the ESOT in 
satisfaction of options granted to him pursuant to the company's share option plans as previously disclosed.


Richard Morbey
Group Company Secretary




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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