TWOD Taylor Woodrow

RNS No 3556u
TAYLOR WOODROW PLC
30th November 1998


TAYLOR WOODROW PLC GIVES NOTICE THAT SG HAMBROS TRUST COMPANY (GUERNSEY) LTD.,
THE TRUSTEE TO AN EMPLOYEE BENEFIT TRUST ESTABLISHED BY THE COMPANY FOR THE
PURPOSES OF A SHARE BONUS PLAN FOR SENIOR EXECUTIVES (INCLUDING DIRECTORS) HAS
ON 30TH NOVEMBER 1998 MADE A MARKET PURCHASE OF 245,000 ORDINARY SHARES OF 25P
EACH IN THE COMPANY AT A PRICE OF 161 PENCE PER SHARE.

THE PURCHASE WAS MADE TO MEET FUTURE ANTICIPATED REQUIREMENTS OF THE TRUSTEE
IN RELATION TO OPTIONS TO BE GRANTED IN DUE COURSE TO CERTAIN DIRECTORS AND
EXECUTIVES OF THE COMPANY IN RELATION TO THE PLAN.

THE EXECUTIVE DIRECTORS OF TAYLOR WOODROW PLC (NAMELY, C.J. PARSONS, K.R.
EGERTON, D.A. GREEN, B. ABRAHAMS, M. LAYCOCK, P.D. PHIPPS AND B.C. RUSSELL)
ARE TO BE REGARDED AS HAVING A TECHNICAL INTEREST IN THESE SHARES AND IN A
FURTHER 309,999 UNALLOCATED SHARES ALREADY HELD BY THE TRUSTEE.

NO ADDITIONAL INTERESTS ARISE ON THE PART OF THE DIRECTORS BY REASON OF THE
PURCHASE REFERRED TO IN THIS ANNOUNCEMENT.


END

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