TWOD Taylor Woodrow

RNS No 0575v
TAYLOR WOODROW PLC
11 May 1999


TAYLOR WOODROW ESOP TRUST


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
11TH MAY 1999 MADE A MARKET PURCHASE OF 50,000 ORDINARY SHARES OF 25P EACH IN
THE COMPANY AT A PRICE OF 179.5p PER SHARE.

THE PURCHASE WAS MADE TO MEET FUTURE ANTICIPATED REQUIREMENTS OF THE TRUSTEE
IN RELATION TO OPTIONS UNDER THE TAYLOR WOODROW EXECUTIVE OPTION PLAN.

THE EXECUTIVE DIRECTORS OF TAYLOR WOODROW PLC, (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 481,071 SHARES ALREADY HELD BY THE TRUSTEE
AND WHICH AT THE DATE HEREOF REMAIN UNALLOCATED FOR THE PURPOSES OF THE
EXECUTIVE BONUS PLAN.

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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