Directors' Shareholdings

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

                           DIRECTORS' SHAREHOLDINGS                            

                                5 DECEMBER 2013                                

The Company was today informed that on 28 November 2013 in Newcastle upon Tyne,
the following directors acquired 6,313 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 1448p per share as follows:

E F Ayres    3,843

K D Adey     2,470

             6,313

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 23,821 ordinary 12.5p
shares in the Company as follows:

E F Ayres   14,501

K D Adey     9,320

            23,821

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 2013 and ends on 31 July 2016.

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 45,529 ordinary 12.5p shares under the terms of the Bellway
p.l.c. (2008) Share Matching Plan, as follows:

E F Ayres    30,005 (0.025%)

K D Adey     15,524 (0.013%)

             45,529

In addition, following the above transaction, the aforementioned directors have
a beneficial interest in 25,094 ordinary 12.5p shares in the Company as
follows:

E F Ayres    20,135 (0.017%)

K D Adey      4,959 (0.004%)

             25,094

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: [phone]
For and on behalf of Bellway p.l.c.

Kevin Wrightson
Group Company Secretary

Date: 4 December 2013