Director/PDMR Shareholding

BELLWAY p.l.c. (‘the Company’)

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

3 DECEMBER 2019

The Company was informed today that Jason Honeyman was granted an option to purchase 712 ordinary 12.5p shares at a price of £25.28 per share under the Company’s (2013) Savings Related Share Option Scheme.  The option is exercisable from 1 February 2023.

The relevant notifications set out below are provided in accordance with the requirements of Article 19 of the EU Market Abuse Regulations.

BELLWAY p.l.c.

NOTIFICATION OF TRANSACTIONS OF

PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Jason Honeyman
2	Reason for the notification
a)	Position/status	Director (PDMR)
b)	Initial notification/Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Bellway p.l.c.
b)	LEI	213800CY4L3HST4FGZ98
4	Details of the transaction(s): section to date; to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	12.5p ordinary shares GB0000904986
b)	Nature of the transaction	Grant of option under the Company’s Sharesave Scheme.
c)	Price(s) and volume(s)	Price(s)            Volume(s)                         £25.28             712
d)	Aggregated information Aggregated volume Price	N/A N/A
e)	Date of the transaction	3 December 2019
f)	Place of the transaction	London Stock Exchange (XLON)

Name of contact and telephone number for queries:

Simon Scougall

Group General Counsel & Company Secretary

Bellway p.l.c.

Tel: [phone]