Director/PDMR Shareholding

BELLWAY PLC

DIRECTOR'S SHAREHOLDINGS

23 NOVEMBER 2015

The company was informed on Friday 20 November 2015 that under the terms of the Bellway plc Employee Share Trust (1992) (an arrangement to reward directors and employees) 15,480 Bellway plc 12.5p ordinary shares were transferred on 20 November 2015 to the following director for nil consideration under the terms of the following arrangements:

Name of Director	Bellway plc (2004) Performance Share Plan
Edward Ayres	15,480

He immediately thereafter sold 7,298 Bellway plc 12.5p ordinary shares at a price of £24.33 per share.

Following the above transactions, the number of Bellway plc 12.5p ordinary shares which are beneficially held is as follows:

Name of Director	Current	Previous
Edward Ayres	50,102	41,920

The other interests of the directors remain unchanged.

Ends