AGM Statement

Bellway PLC
11 January 2008


                                 AGM Statement


Since the Interim Management Statement released on 6 December, market conditions
have continued to be challenging.  Despite this, the Group expects the number of
legal completions for the six months ending 31 January 2008 to be at a similar
level to last year's 3,264 homes.


The key spring selling season has yet to commence and given the present
sentiment surrounding the housing market, it is too early to predict the final
outcome for the current financial year.  This is despite having more than 70% of
the Group's revised target already in place.


Whilst Bellway is not immune from the general trends in the new homes market, we
are sensibly positioning ourselves to take advantage of any improvements that
may occur in the near future.


Further comment and advice will be made at the announcement of the Interim
Results on Wednesday 26 March.

FOR FURTHER INFORMATION PLEASE CONTACT JOHN WATSON OR ALISTAIR LEITCH ON 
0191 217 0717



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