TWOD Taylor Woodrow

RNS Number:7047J
Taylor Woodrow PLC
14 March 2005


Taylor Woodrow Employee Share Ownership Trust


Taylor Woodrow plc ("the company") has been notified of the transfer on 14 March
2005 of 1,300,495 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 Executive Share Option Plan
and the Taylor Woodrow Executive Bonus Plan.

Where individual employee interests arising from this transaction are themselves
reportable, appropriate disclosure has been made.

Following this disposal, the ESOT now holds 4,856,637 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 4,856,637 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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