TWOD Taylor Woodrow

RNS Number:6604C
Taylor Woodrow PLC
18 October 2002


                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company

Taylor Woodrow plc

2) Name of director

Iain Napier

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)

John Grant (known as Iain) NAPIER


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

Grant of Share Option under the Taylor Woodrow Group Savings-Related Share
Option Scheme

7) Number of shares/amount of stock acquired

N/A

8) Percentage of issued class

N/A


9) Number of shares/amount
of stock disposed

N/A


10) Percentage of issued class

N/A

11) Class of security

25p ordinary shares

12) Price per share

N/A


13) Date of transaction

N/A



14) Date company informed

N/A



15) Total holding following this notification

N/A

16) Total percentage holding of issued class following this notification

N/A

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

17) Date of grant

18 October, 2002


18) Period during which or date on which exercisable

1 December 2005 to 31 May 2006

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

Nil

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

6,350 25p ordinary shares

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

148.8p per share


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

1,436,280

23) Any additional information

n/a

24) Name of contact and telephone number for queries

Richard Morbey
01784 428745

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

Richard Morbey
Group Company Secretary

Date of Notification 18 October, 2002


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

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