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              Aegon UK Group of Companies
notification obligation:                                                     
                                                                             
                              
4. Full name of shareholder(s) (if                                           
different from 3):                                                           
                                                                             
                                                             
                                                                             
5. Date of transaction (and date on                                          
which the threshold is crossed or                            27th August 2010                
reached if different):                                                       
                                                                             
                                                                                                                                          
6. Date on which issuer notified:                            31st August 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          
of shares    to the triggering   transaction                                       
             transaction                                                           
If possible                                                                        
use ISIN     Number of Number of    Number of    Number of voting Percentage of    
code         shares    voting        shares      rights           voting rights    
                       rights                                                      
                                 Direct Indirect                                   
                                                                                   
                                                 Direct  Indirect Direct  Indirect 
                                                                                   
ORDINARY     3,973,977 3,973,977 Below  Below 3% Below   Below 3% n/a     n/a      
                                 3%              3%                                
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)                     
                                                                               
                                                                               


 

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           
                                                                             
                                                                             
                                                                             
Below 3%                               Below 3%                              
                                                                             
                                                                             


9. Chain of controlled undertakings through which the voting rights and /or  
the financial instruments are effectively held, if applicable:               
                                                                             
                                                                             
                                                                             
Global AEGON Asset Management group "AAM"-                                   
                                                                             
                                                                             
                                                                             
AEGON Asset Management Holding BV                                            
                                                                             
                                                                             
                                                                             
AEGON Asset Management UK Holdings Ltd                                       
                                                                             
                                                                             
                                                                             
AEGON Asset Management UK plc                                                
                                                                             
                                                                             
                                                                             
AEGON Investment Management UK Ltd                                           
                                                                             


Proxy Voting:                                                                
                                                                             
                                                                             
                                                                             
10. Name of proxy holder:                 Global AEGON Asset Management Group
                                                                             
                                                                             
                                                                             
11. Number of voting rights proxy                                         N/A
holder will cease to hold:                                                   
                                                                             
                                                                             
                                                                             
12. Date on which proxy holder will                                       N/A
cease to hold voting rights:                                                 
                                                                             
 

13. Additional information:                                                  
                                                                             
                                                                             
                                                                             
14 Contact name:                                              Kevin Wrightson
                                                                             
                                                                             
                                                                             
15. Contact telephone name:                                     0191 217 0717
                                                                             
                                                                             


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