TWOD Taylor Woodrow

RNS Number:5067Y
Taylor Woodrow PLC
10 May 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS

1) Name of company
Taylor Woodrow plc

2) Name of director

a) Iain Napier
b) Peter Johnson
c) Denis Mac Daid
d) Graeme McCallum

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)

a) John Grant Napier
b) Peter Thomas Johnson
c) Denis James Anthony Mac Daid
d) Graeme Reid McCallum


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

Award of shares (deliverable in three years' time subject to achieving defined
performance criteria) under the Taylor Woodrow 2004 Performance Share Plan

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


10th May 2004

18) Period during which or date on which exercisable


If the performance condition is met, the Taylor Woodrow 2004 Employee Benefit
Trust will
announce on 10 May 2007 whether, and to what extent, the share award vests.



The performance condition is that for 50% of the above awards to vest, Group
earnings per share
for the three financial years prior to the vesting date shall be not less than
real 3% p.a. compound.
For 100% (the maximum) of the above awards to vest, Group eps for the same
period shall be not less
than real 6% compound.

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

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


142,857 25p ordinary shares (Napier)
 84,905 25p ordinary shares (Johnson)
 80,862 25p ordinary shares (Mac Daid)
 80,862 25p ordinary shares (McCallum)

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

Nil


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

                        Executive      Executive      Performance
           Sharesave    Plan           Bonus Plan     Share Plan

Napier        6,350     1,626,684     221,278        142,857
Johnson       8,037        469,893      52,636          84,905
Mac Daid     10,816        601,067     101,914          80,862
McCallum         0       111,561          0         80,862

              Total

Napier      1,997,169
Johnson       615,471
Mac Daid      794,659
McCallum     192,423


 23) Any additional information

The awards referred to are conditional awards pursuant to the
Taylor Woodrow 2004 Performance Share Plan.


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 10 May 2004


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

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