RNS Number:6134Q
Jupiter Asset Management Limited
7 October 2003

                                  Date of Disclosure    7TH OCTOBER 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   6TH OCTOBER 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

                                    150,000               251.0P    

3)  Resultant total of the same class owned or controlled 
    (and percentage of class)  14,805,064                  (2.50%)


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 AT 3. ABOVE, JUPITER ASSET MANAGEMENT LIMITED IS
A PARTY TO 400,000 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.







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