Director/PDMR Shareholding

RNS Number:5088B
Taylor Woodrow PLC
13 April 2006

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

1. Name of the issuer

Taylor Woodrow plc

2. State whether the notification relates to (i) a transaction notified in
accordance with DR 3.1.4R(1)(a); or

(ii) DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 (as
extended by section 328) of the Companies Act 1985; or

(iii) both (i) and (ii)

(i) A transaction notified in accordance with DR 3.1.4R(1)(a)

3. Name of person discharging managerial responsibilities/director

Directors:

J. G. (Iain) Napier

P. T. Johnson

Persons Discharging Managerial Responsibilities:

E. Hinchliffe

A. Luhaste

R. I. Morbey

I. Morris

T. Peach

J. R. Peshkin

N. C. Smith

A. Wilby

4. State whether notification relates to a person connected with a person
discharging managerial responsibilities/director named in 3 and identify the
connected person

Not connected persons

5. Indicate whether the notification is in respect of a holding of the person
referred to in 3 or 4 above or in respect of a non-beneficial interest

Holding

6. Description of shares (including class), debentures or derivatives or
financial instruments relating to shares

25p ordinary shares of Taylor Woodrow plc

7. Name of registered shareholders(s) and, if more than one, the number of
shares held by each of them
Name Shares held in own name Shares held in other name
J. G. (Iain) Napier 270,701 1,250 (HSDL Nominees Ltd)
P. T. Johnson 93,157 1,250 (HSDL Nominees Ltd)
E. Hinchliffe 79,028 1,250 (HSDL Nominees Ltd)
A. Luhaste 74,868 2,204 (HSDL Nominees Ltd)
R. I. Morbey 71,880 59,448 (Mrs. G. Morbey)
I. Morris 39,046 1,012 (HSDL Nominees Ltd)
T. Peach 6,177 1,100 (HSDL Nominees Ltd)
J. R. Peshkin 186,792 1,152 (Merrill Lynch a/c 65208)
N. C. Smith 117,360 3,803 (HSDL Nominees Ltd)
A. Wilby 87,008 902 (HSDL Nominees Ltd)

8 State the nature of the transaction

Conditional award of shares, deliverable in three years' time, subject to the

achievement of defined eps and relative TSR performance criteria, under the

Taylor Woodrow Performance Share Plan.

9. Number of shares, debentures or financial instruments relating to shares
acquired

N/A

10. Percentage of issued class acquired (treasury shares of that class should
not be taken into account when calculating percentage)

N/A

11. Number of shares, debentures or financial instruments relating to shares
disposed

N/A

12. Percentage of issued class disposed (treasury shares of that class should
not be taken into account when calculating percentage)

N/A

13. Price per share or value of transaction

N/A

14. Date and place of transaction

12 April 2006

15. Total holding following notification and total percentage holding following
notification (any treasury shares should not be taken into account when
calculating percentage)

NAME TOTAL SHARES NOW HELD %

J. G. (Iain) Napier 271,951 0.047
P. T. Johnson 94,407 0.016
E. Hinchliffe 80,278 0.014
A. Luhaste 77,072 0.013
R. I. Morbey 131,328 0.023
I. Morris 40,058 0.007
T. Peach 7,277 0.00013
J. R. Peshkin 187,944 0.033
N. C. Smith 121,163 0.02
A. Wilby 87,910 0.015

Percentage interests are calculated on 577,104,747 shares in issue net of
16,976,757 shares held in Treasury.

16. Date issuer informed of transaction

12 April 2006

If a person discharging managerial responsibilities has been granted options by
the issuer complete the following boxes

17 Date of grant

12 April 2006

18. Period during which or date on which it can be exercised

If the performance condition is met, the Taylor Woodrow 2004 Employee Benefit
Trust

will announce on 12 April 2009 whether, and to what extent, the share awards
vest.

The performance condition is a combination of eps growth and total shareholder

Return ("TSR").

The eps condition is that for 50% of the eps-related awards to vest, Group
earnings per share for the three financial years prior to the vesting date shall not be
less than real 3% p.a. compound.

For 100% (the maximum) of the eps-related awards to vest, Group eps for the same

period shall not be less than real 6% p.a. compound.

The TSR condition is that firstly, the eps condition must be achieved as to at
least real 3% p.a. compound and secondly, that vesting is proportionate to the ranking of
the company's TSR compared to a defined peer group.

19. Total amount paid (if any) for grant of the option

NIL

20. Description of shares or debentures involved (class and number)
25p ordinary shares Conditional award related to eps Conditional award related to the
performance criterion additional TSR performance
criteria
J. G. (Iain) Napier 118,754 79,169
P. T. Johnson 69,305 23,101
E. Hinchliffe 46,333 15,444
A. Luhaste 24,218 6,054
R. I. Morbey 29,746 7,436
I. Morris 21,492 5,373
T. Peach 29,591 9,863
J. R. Peshkin 51,759 34,506
N. C. Smith 42,829 14,276
A. Wilby 42,517 14,172

21. Exercise price (if fixed at time of grant) or indication that price is to be
fixed at the time of exercise

NIL

22. Total number of shares or debentures over which options held following
notification
Sharesave Executive Plan Executive Bonus Plan Performance Share
Plan
J. G. (Iain) Napier 0 196,754 245,351 568,052
P. T. Johnson 8,037 174,036 62,494 309,721
E. Hinchliffe 8,037 155,172 79,028 193,309
A. Luhaste 3,582 79,634 30,335 95,385
R. I. Morbey 0 95,537 41,384 116,526
I. Morris 0 68,154 39,046 84,955
T. Peach 11,634 48,681 3,464 107,376
J. R. Peshkin 0 188,833 193,704 245,138
N. C. Smith 9,252 108,316 73,891 152,264
A. Wilby 4,177 125,354 58,671 169,610

Totals
J. G. (Iain) Napier 1,010,157
P. T. Johnson 554,288
E. Hinchliffe 435,564
A. Luhaste 208,936
R. I. Morbey 253,447
I. Morris 192,155
T. Peach 171,155
J. R. Peshkin 627,675
N. C. Smith 343,723
A. Wilby 357,812

23. Any additional information

None

24. Name of contact and telephone number for queries

M. A. Lonnon

0121 600 8542

Name and signature of duly authorised officer of issuer responsible for making
notification

R. I. Morbey

Secretary, Taylor Woodrow plc

Date of notification

13 April 2006

End

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