EPT Disclosure

RNS Number:4375Z
UBS AG (EPT)
02 July 2007

                                                                    FORM 38.5(a)



                 DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS

                      WITH RECOGNISED INTERMEDIARY STATUS

                      DEALING IN A CLIENT-SERVING CAPACITY

                      (Rule 38.5(a) of the Takeover Code)



1.         KEY INFORMATION


Name of exempt principal trader                UBS AG London Branch
Company dealt in                               Taylor Woodrow Plc
Class of relevant security to which the        25p ordinary
dealings being disclosed relate (Note 1)
Date of dealing                                29 JUNE 2007





2.         DEALINGS (Note 2)



(a)        Purchases and sales


Total number of securities    Highest price paid         Lowest price paid
purchased                     (Note 3)                   (Note 3)


           22,744                     3.6375 GBP               3.595 GBP




Total number of securities   Highest price received    Lowest price received
sold                         (Note 3)                  (Note 3)


           8,700                     3.64 GBP                3.5825 GBP



(b)        Derivatives transactions (other than options)


Product  name,    Long/short        Number of securities  Price per unit
e.g. CFD          (Note 4)          (Note 5)              (Note 3)








(c)        Options transactions in respect of existing securities

(i)         Writing, selling, purchasing or varying


Product   Writing,      Number of    Exercise  Type, e.g. Expiry  Option
name,e.g  selling,      securities   price     American,  date    moneypaid/received
call      purchasing,   to which the           European           per unit (Note 3)
option    varying etc   option                 etc.
                        relates
                        (Note 5)








(ii)        Exercising


Product name, e.g.   Number of securities            Exercise price per unit
call option                                          (Note 3)












3.         OTHER INFORMATION



Agreements, arrangements or understandings relating to options or derivatives





Full details of any agreement, arrangement or understanding between the person
disclosing and any other person relating to the voting rights of any relevant
securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any
derivative referred to on this form is referenced.  If none, this should be
stated.



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Date of disclosure                          02 JULY 2007
Contact name                                NIMISHA SACHDEV
Telephone number                            020 7568 9289
Name of offeree/offeror with which          Taylor Woodrow PLC
connected
Nature of connection (Note 6)               CONNECTED ADVISER





Notes



The Notes on Form 38.5(a) can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk


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