Director/PDMR Shareholding

BELLWAY p.l.c. (‘the Company’)

DIRECTORS’ SHAREHOLDINGS

13 NOVEMBER 2015

The Company was today informed that on Friday 13 November 2015 in Newcastle upon Tyne, the following Directors were granted awards in respect of 53,428 ordinary shares in the Company, under the terms of the Bellway plc (2013) Performance Share Plan (an arrangement used to reward directors) as follows:

E F Ayres               33,727                    (0.028%)

K D Adey                19,701                    (0.016%)

                              53,428                    (0.044%)

The awards, which are in respect of existing shares, are to be held in the Bellway plc Employee Share Trust (1992) (the ‘Trust’) until at least 13 November 2018.

The Awards are maximum awards and the degree to which they vest depends on performance targets measured over a three year period (the ‘performance period’).  The performance period to be used commenced on 1 August 2015 and ends on 31 July 2018.

Following the grant of awards the aforementioned directors have an interest in 218,532 ordinary 12.5p shares held in the Trust under the terms of the Bellway plc (2013) Performance Share Plan as follows:

E F Ayres               135,035       (0.110%)

K D Adey                  83,497       (0.068%)

                               218,532       (0.178%)

The other interests of the directors remain unchanged.

Ends