RNS Number:7069P
Jupiter Asset Management Limited
12 September 2003


                                  Date of Disclosure     12TH SEPTEMBER 2003

                    DISCLOSURE UNDER RULES 8.1(a), 8.1(b)(i) and 8.3 
                       OF THE CITY CODE ON TAKEOVERS AND MERGERS

Date of dealing     11TH SEPTEMBER 2003

Dealing in     TAYLOR WOODROW PLC  (name of company)

1)  Class of securities (eg ordinary shares)     ORDINARY

2)  Amount bought                Amount sold             Price per unit

                                      65,000                       242p
                                 

3)  Resultant total of the same class owned or controlled 
    (and percentage of class)          16,610,064        (3.00%)


4) Party making disclosure    JUPITER ASSET MANAGEMENT LIMITED


5)  EITHER (a) Name of purchaser/vendor (Note 1)    
    OR     (b) if dealing for discretionary client(s), name of fund 
               management organisation 
               JUPITER ASSET MANAGEMENT LIMITED

6)  Reason for disclosure (Note 2)                                     
    (a) associate of (i) offeror (Note 3)                       NO
                    (ii) offeree company                        NO

Specify which category or categories of associate (1-8 overleaf) 

If category (8), explain

     (b)  Rule 8.3 (ie disclosure because of ownership or control of 1% 
          or more of the class of relevant securities dealt in)  YES

Signed, for and on behalf of the party named in (4) above  N/A  

(Also print name of signatory)      GERRY ABSALOM

Telephone and extension number      020 7314 4785

IN ADDITION, JUPITER ASSET MANAGEMENT LIMITED IS PARTY TO CERTAIN CFDs 
(SEE BELOW)


Note 1.  Specify owner, not nominee or vehicle company.  If relevant, also 
         identify controller of owner, eg where an owner normally acts on 
         instructions of a controller

Note 2.  Disclosure might be made for more than one reason; if so, state all 
         reasons.

Note 3.  Specify which offeror if there is more than one.

Note 4.  When an arrangement exists with any offeror, with the offeree company 
         or which an associate of any offeror or of the offeree company 
         in relation to relevant securities, details of such arrangement must 
         be disclosed, as required by Note 6 on Rule 8

Note 5.  It may be necessary, particularly when disclosing derivative 
         transactions, to append a sheet to this disclosure form so that
         relevant information can be given.

Note 6.  In the case of an average price bargain, each underlying trade 
         should be disclosed.

For full details of disclosure requirements, see Rule 8 of the Code.  If in 
doubt, contact the Panel on Takeovers and Mergers, Tel No: 020 7382 9026


Form 8 Enclosure

In addition to the shares stated at 3. above, Jupiter Asset Management Limited 
is a party to 935,000 shares to hedge Contracts for Differences ("CFD") 
positions for clients.

A purchaser of a long CFD contract will realise a gain if the price of the 
underlying security goes up. A seller of a CFD contract will realise a gain if 
the price of the underlying security goes down.

The CFD contracts are open-ended and there is no rollover into new contracts.


Contract for Differences
Taylor Woodrow PLC 

CFD's Closed Out 

11th September 2003                                        Close Price

Taylor Woodrow,                Sell  65,000                   241.758p
Long CFDs                      Sell 150,000                   241.305p


The remaining CFD positions held:   935,000
 


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

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