RNS Number:6059O
Taylor Woodrow PLC
12 December 2001

                                 SCHEDULE 11

         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


1) Name of company
Taylor Woodrow plc

2) Name of director
Keith Egerton

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
   or in respect of a non-beneficial interest

Shareholder


4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them (if notified)

Keith Robert Egerton


5) Please state whether notification relates to a person(s) connected
with the Director named in 2 above and identify the connected person(s)

No

6) Please state the nature of the transaction. For PEP transactions
please indicate whether general/single co PEP and if discretionary/non
discretionary

Exercise of savings-related share option to acquire 4,500 shares at the option
price of 130p per share.

7) Number of shares/amount of stock acquired

4,500

8) Percentage of issued class

0.0008%


9) Number of shares/amount
of stock disposed

Nil


10) Percentage of issued class

N/A

11) Class of security

25p ordinary shares

12) Price per share
130p


13) Date of transaction
12th December, 2001


14) Date company informed
12 December, 2001


15) Total holding following this notification
81,405

16) Total percentage holding of issued class following this notification

0.0148%

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

n/a

18) Period during which or date on which exercisable

n/a

19) Total amount paid (if any) for grant of the option
n/a


20) Description of shares or debentures involved: class, number

n/a

21) Exercise price (if fixed at time of grant) or indication that price
is to be fixed at time of exercise
n/a


22) Total number of shares or debentures over which options held
following this notification

n/a

23) Any additional information

n/a

24) Name of contact and telephone number for queries

Thana Janandran

01784 428747

25) Name and signature of authorised company official responsible for
making this notification

Richard Morbey

Date of Notification 12 December, 2001


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