Director/PDMR Shareholding

BELLWAY p.l.c. (`the Company')                         

                           DIRECTORS' SHAREHOLDINGS                            

                               28 NOVEMBER 2012                                

The Company was yesterday informed that on 23 November 2012 in Newcastle upon
Tyne, the following directors acquired 5,210 ordinary 12.5p shares in the
Company in relation to participation in the Bellway p.l.c. (2008) Share
Matching Plan (`the Plan') at a price of 960.95p per share as follows:

        E F Ayres 3,721

        K D Adey 1,489

                 5,210

In addition, in connection with the purchase of such shares (known as
"Investment Shares" for the purposes of the Plan) pursuant to the rules of the
Plan, the two directors concerned were, on the same day, granted nil cost
option awards (known as "Matching Awards") in respect of 21,708 ordinary 12.5p
shares in the Company as follows:

       E F Ayres 15,504

       K D Adey   6,204

                 21,708

The number of shares awarded under the Matching Awards was calculated by
reference to the number of Investment Shares acquired in accordance with the
rules of the Plan.

Subject to the terms of the Plan, in the normal course of events the Matching
Awards will vest on the third anniversary of grant subject to the grantee's
continued service, the retention of the linked Investment Shares and the extent
to which performance targets measured over a three year period (`the
Performance Period') are satisfied. The Performance Period to be used commenced
on 1 August 2012 and ends on 31 July 2015.

To the extent the Matching Awards vest, the underlying nil cost option may be
exercised during a six month exercise window commencing on the date of vesting.

Following the grant of the Matching Awards, the aforementioned directors have
an interest in 21,708 ordinary 12.5p shares under the terms of the Bellway
p.l.c. (2008) Share Matching Plan, as follows:

      E F Ayres 15,504 (0.012%)
 
      K D Adey   6,204 (0.005%)

                21,708

In addition, following the above transaction, the aforementioned directors have
a beneficial interest in 16,315 ordinary 12.5p shares in the Company as
follows:

      E F Ayres 13,826 (0.011%)

      K D Adey   2,489 (0.002%)

                16,315

The other interests of the directors remain unchanged.

This notification is made in accordance with DR 3.1.4R(1)(a).

Name of contact and telephone number for queries: Kevin Wrightson, Tel: 0191
217 0717.

For and on behalf of Bellway plc



Kevin Wrightson

Group Company Secretary

Date: 28 November 2012