Holding(s) in Company

For filings with the FSA include the    
annex                                   
                                        
For filings with issuer exclude the     
annex                                   
                                        


TR-1: Notifications of Major Interests in Shares                             
                                                                             


1. Identity of the issuer or the underlying                         BELLWAY PLC
issuer of existing shares to which voting                                     
rights are attached:                                                          
                                                                                                                                                           
                                                                             
2. Reason for notification (yes/no)                                

                                                                              
An acquisition or disposal of voting rights                           YES                                
                                                                              
                                                                              
                                                                              
An acquisition or disposal of financial instruments which may                 
result in the acquisition of shares already issued to which voting            
rights are attached                                                           
                                                                              
                                                                              
                                                                              
An event changing the breakdown of voting rights                              
                                                                              
                                                                              
                                                                              
Other (please specify):______________                                         
                                                                              

 

3. Full name of person(s) subject to               Third Avenue Management LLC
notification obligation:                                                     
                                                                             
                                                                             
                                                                             
4. Full name of shareholder(s) (if                                           
different from 3):                                                           
                                                                             
                                                              
                                                                             
5. Date of transaction (and date on                           8 November 2010               
which the threshold is crossed or                                            
reached if different):                                                       
                                                                                                                                         
                                                                             
6. Date on which issuer notified:                             9 November 2010
             
                                                                             
                                                                                                                                                   
7. Threshold(s) that is/are crossed or                                    3%   
reached:                                                                     
                                                                             

 
8: Notified Details                                                                   
                                                                                      
A: Voting rights attached to shares                                                   
                                                                                      
                                                                                      
                                                                                      
Class/type   Situation previous  Resulting situation after the triggering transaction 
of shares    to the triggering                                                        
             transaction                                                              
If possible                                                                           
use ISIN     Number of Number of  Number of shares    Number of voting    Percentage of   
code         shares    voting                         rights              voting rights   
                       rights                                                         
                                                                      
                                                                                      
                                  Direct    Indirect  Direct  Indirect   Direct  Indirect
                                                                                      
ORDINARY     3,603,120 3,567,120  3,668,120                   3,632,120           3.01%   
                                                                                      
GB0000904986                                                                          
                                                                                      
                                                                                                                                                                         
B: Qualifying Financial Instruments                                            
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
                                                                                                                                                         
Type of         Expiration date Exercise/       No. of voting   Percentage of  
financial                       conversion      rights that may voting rights  
instrument                      period/date     be acquired (if                
                                                the instrument                 
                                                exercised/                     
                                                converted)                     
                                                                               
n/a                                                                               
                                                                               
                                                                                                                                                            
C: Financial Instruments with similar economic effect to Qualifying Financial        
Instruments                                                                          
                                                                                     
Resulting situation after the triggering transaction                                 
                                                                                     
                                                                                     
                                                                                     
Type of         Exercise    Expiration Exercise    Number of       % of voting rights
financial       Price       date       Conversion  voting rights                     
instrument                             period      instrument                        
                                                   refers to                         
                                                                   Nominal   Delta   
                                                                                     
Contract for    n/a         n/a        n/a         n/a             n/a      n/a      
Difference                                                                           
                                                                                     
                                                                                     
                                                                                    
Total (A+B+C)                                                                
                                                                             
Number of voting rights                Percentage of voting rights           
                                                                             
3,632,120                               3.01%                                 
                                                                             
                                                                             
                                                                             

9. Chain of controlled undertakings through which the voting rights and /or  
the financial instruments are effectively held, if applicable:               
                                                                             
                                                                             
                                                                             
Proxy Voting:                                                                
                                                                             
10. Name of proxy holder:                                                    
                                                                             
                                                                             
11. Number of voting rights proxy                                            
holder will cease to hold:                                                   
                                                                             
                                                                             
                                                                             
12. Date on which proxy holder will                                          
cease to hold voting rights:                                                 
                                                                             
                                                                             
                                                                           
13. Additional information:                                                  
                                                                             
                                                                             
                                                                             
14 Contact name:                                              Kevin Wrightson
                                                                             
                                                                             
                                                                             
15. Contact telephone number:                                 0191 217 0717
                                                                             
                                                                             
                                                                             

For notes on how to complete form TR-1 please see the FSA website.