RNS Number:5794F
Taylor Woodrow PLC
24 November 2004


Taylor Woodrow Employee Share Ownership Trust

Taylor Woodrow plc ("the company") has been notified of the transfer on 24
November 2004 of 10,836 25p ordinary shares of the company ("shares") by the
Taylor Woodrow Employee Share Ownership Trust ("ESOT").

These shares have been transferred to employees (not executive directors of the
company) who validly exercised options granted over shares pursuant to the
Taylor Woodrow Group Savings-Related Share Option Scheme and the Taylor Woodrow
Executive Share Option Plan.

The employee interests arising from this transaction are not themselves
reportable.

Following this disposal, the ESOT now holds 8,188,361 shares.

Each of the executive directors of the company is a potential beneficiary under
the ESOT and therefore, in accordance with section 329 Companies Act 1985, is
regarded as having a notional interest in the ESOT holding of 8,177,525 shares.
Despite having this notional interest, each executive director will only be
entitled to receive shares from the ESOT in satisfaction of options granted to
him pursuant to the company's share option plans as previously disclosed.


Richard Morbey
Group Company Secretary




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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