TWOD Taylor Woodrow

RNS No 0482m
TAYLOR WOODROW PLC
12th January 1999

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 12TH JANUARY 1999 MADE A MARKET PURCHASE OF A TOTAL OF 50,000 ORDINARY
SHARES OF 25P EACH IN THE COMPANY AT AN AVERAGE PRICE OF #1.638p 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, P.D. PHIPPS AND B.C. RUSSELL) ARE TO BE
REGARDED AS HAVING A TECHNICAL INTEREST IN THESE SHARES AND IN A FURTHER
841,283 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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