RNS No 8499w
TAYLOR WOODROW PLC


Schedule 11 - Notification of interests of Directors and Connected Persons

1   Name of company:
Taylor Woodrow plc

2   Name of director:
Mr. C.J. Parsons - 1,025 shares
Mr. D.A. Green   - 5,219 shares
Mr. M. Laycock   -   277 shares
Sir Kit McMahon  -   421 shares
Sir George Russell - 151 shares
Sir Colin Corness -  148 shares

3   Please state whether notification indicates that it is in respect of     
holding of the director named in 2 above or holding of that person's spouse or
children under the age of 18 or in respect of a non- beneficial interest:
Mr. C.J. Parsons - self and spouse
Mr. D.A. Green - self and children under the age of 18
Mr. M. Laycock - spouse
Sir Kit McMahon - self
Sir George Russell - self
Sir Colin Corness - self

4   Name of registered holder(s) and, if more than one holder, the number of 
shares held by each of them (if notified):
Mr. Parsons 65,483
Mrs. Parsons 61,987
Mr. Green 334,289
TC Green 1033
NK Green 1033

Mrs. Laycock 18,967
Sir Kit McMahon 28,763
Sir George Russell 10,341
Sir Colin Corness 10,148 

5   Please state whether notification relates to a person(s) connected with  
the director named in 2 above and identify the connected person(s):
Mr. Parsons - Mrs. Parsons
Mr. Green - N K Green and T C Green
Mr. Laycock - Mrs. Laycock
Remaining three - Sir Kit McMahon, Sir George Russell and Sir Colin Corness -
are solely in their own respective names.

6   Please state the nature of the transaction. For PEP transactions please  
indicate whether general/single co PEP and if discretionary/non discretionary:
Subscription for shares in lieu of cash in respect of the final dividend for
the year ended 31st December, 1996.

7   Number of shares/amount of stock acquired:
7,241

8   Percentage of issued class:
0.00183

9   Number of shares/amount of stock disposed:
n/a

10  Percentage of issued class:
n/a

11  Class of security:
25p ordinary

12  Price per share:
185p

13  Date of transaction:
1st July, 1997

14  Date company informed:
1st July, 1997

15  Total holding following this notification:
532,044

16  Total percentage holding of issued class following this notification:
0.1342

If a director has been granted options by the company, please complete the
following fields:

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  Contact name for queries:
R.I. Morbey, Secretary

24  Contact telephone number:
0171 629 1201

25  Name of company official responsible for making notification:
R.I. Morbey, Secretary


END
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