AGM Statement

Bellway PLC
14 January 2005

                                 BELLWAY p.l.c.

                     AGM STATEMENT - FRIDAY 14 JANUARY 2005


At the Annual General Meeting of Bellway p.l.c. to be held at 12 noon today in
Newcastle upon Tyne, the Chairman, Mr H C Dawe will make the following
statement.

'Since last summer the UK housing market has returned to more normal levels of
activity. Bellway's policy of forward selling has resulted in the Group having
secured, at present, over 80% of its expected sales target for the year to 31
July 2005. As a result of this, the Board is confident that Bellway's profit for
the current financial year should be a record for the ninth year in succession.

Bellway has one of the lowest average selling prices in the industry and will
continue to supply quality product to the lower to middle market. The Group's
wide geographical coverage allows us to adjust to market conditions as they
change.

Further details will be released in a Trading Update on Thursday 3 February
prior to entering the close period on Friday 18 February. The results for the
six months to 31 January 2005 will be announced to the Stock Exchange on Tuesday
19 April'.


Contacts: 
     J K Watson, Chief Executive - Tel: [phone] or mobile [phone]
     A M Leitch, Finance Director - Tel: [phone] or mobile [phone]


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