TWOD Taylor Woodrow

RNS No 3304u
TAYLOR WOODROW PLC
18th March 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 INCENTIVE PLANS FOR SENIOR EXECUTIVES (INCLUDING DIRECTORS) HAS ON
17TH MARCH 1999 MADE A MARKET PURCHASE OF 50,000 ORDINARY SHARES OF 25P EACH
IN THE COMPANY AT A PRICE OF 195p 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 TAYLOR WOODROW EXECUTIVE OPTION
PLAN.

CERTAIN OF THE EXECUTIVE DIRECTORS OF TAYLOR WOODROW PLC WHO ARE ELIGIBLE TO
PARTICIPATE IN THE SAID PLAN (NAMELY, 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 A TOTAL OF 518,939 SHARES (INCLUDING THE SHARES WHICH ARE THE
SUBJECT OF THIS ANNOUNCEMENT) ALREADY HELD BY THE TRUSTEE AND WHICH AT THE
DATE HEREOF REMAIN UNALLOCATED.

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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