Director/PDMR Shareholding

RNS Number:3422U
Taylor Woodrow PLC
03 April 2007

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

Director:

P. T. Johnson

Persons Discharging Managerial Responsibilities:

W. J. Holland-Kaye

J. Landrum

A. Luhaste

R. I. Morbey

I. Morris

T. Peach

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

The person named above in each case

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 of the person named above in each case

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
P. T. Johnson 93,157 1,250 (HSDL Nominees Ltd)
A. Luhaste 33,521 2,960 (HSDL Nominees Ltd)
R. I. Morbey 75,516 82,948 (Mrs. G. Morbey)
I. Morris 23,525 2,652 (HSDL Nominees Ltd)
T. Peach 6,177 1,644 (HSDL Nominees Ltd)
W. J. Holland-Kaye 67,918 1,250 (HSDL Nominees Ltd)
N. C. Smith 113,730 3,803 (HSDL Nominees Ltd)
A. Wilby 90,509 902 (HSDL Nominees Ltd)
J. Landrum 0 0

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

2 April 2007

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 %
P. T. Johnson 94,407 0.016
A. Luhaste 36,481 0.006
R. I. Morbey 158,464 0.027
I. Morris 26,177 0.0045
T. Peach 7,821 0.001
W. J. Holland-Kaye 69,168 0.012
N. C. Smith 117,533 0.02
A. Wilby 91,411 0.016
J. Landrum 0 0

Percentage interests are calculated on 581,917,049 shares in issue net of
12,233,047 shares

held in Treasury.

16. Date issuer informed of transaction

2 April 2007

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

17 Date of grant

2 April 2007

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 2 April 2010 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 compares the TSR of Taylor Woodrow to that of a defined

group of UK housebuilders over three years, and further, requires real EPS
growth

of 3% p.a.

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
P. T. Johnson 62,206 20,735
A. Luhaste 20,224 5,056
R. I. Morbey 24,514 6,128
I. Morris 17,650 4,412
T. Peach 25,127 8,375
W. J. Holland-Kaye 29,417 9,805
N. C. Smith 37,997 12,665
A. Wilby 34,565 11,521
J. Landrum 35,803 23,869

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
P. T. Johnson 8,037 0 62,494 392,662
A. Luhaste 3,582 2,353 30,335 120,665
R. I. Morbey 3,389 0 41,384 147,168
I. Morris 0 0 23,525 107,017
T. Peach 5,471 0 3,464 140,878
W. J. Holland-Kaye 4,177 50,602 63,028 98,409
N. C. Smith 7,388 0 73,891 202,926
A. Wilby 4,177 0 58,671 215,696
J. Landrum 0 0 0 59,672

Totals
P. T. Johnson 463,193
A. Luhaste 156,935
R. I. Morbey 191,941
I. Morris 130,542
T. Peach 149,813
W. J. Holland-Kaye 216,216
N. C. Smith 284,295
A. Wilby 278,544
J. Landrum 59,672

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

3 April 2007

End

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