RNS No 2424n
TAYLOR WOODROW PLC
15th 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 15TH JANUARY 1999 MADE A MARKET PURCHASE OF 50,000 ORDINARY SHARES OF 25P
EACH IN THE COMPANY AT A PRICE OF 155p 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
991,283 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

RDACCPCKPDKDPDD


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