RNS Number:6767S
Taylor Woodrow PLC
01 December 2003

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company
Taylor Woodrow plc

2) Name of director


Denis Mac Daid

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)

Denis James Anthony Mac Daid


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

7) Number of shares/amount of stock acquired

5,307

8) Percentage of issued class

0.00091%


9) Number of shares/amount
of stock disposed

None


10) Percentage of issued class

N/A

11) Class of security

25p ordinary shares

12) Price per share
130p


13) Date of transaction
1.12.2003



14) Date company informed
1.12.2003



15) Total holding following this notification
157,230

16) Total percentage holding of issued class following this notification

0.027%

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

17) Date of grant



18) Period during which or date on which exercisable



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


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



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



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




23) Any additional information
n/a

24) Name of contact and telephone number for queries
Michael Lonnon, 0121 600 8542

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

Richard Morbey
Group Company Secretary

Date of Notification 1 December 2003




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