Director Shareholding

Bellway PLC
4 January 2001

                               4TH JANUARY 2001

                   BELLWAY PLC - DIRECTORS' SHARE HOLDINGS



The company was yesterday informed that under the terms of the Bellway plc
Employee Share Trust (1992) (arrangements used to reward directors and
employees) deferred bonus rights were allocated in respect of 87,333 Bellway
plc ordinary 12.5p shares to certain directors of Bellway plc as follows:

H C Dawe        -      26,162

J K Watson      -      19,365

A G Robson      -      22,803

P J Stoker      -      19,003

Total     87,333

The shares are to be held in the Bellway plc Employee Share trust (1992) until
at least 3rd January 2004, whereupon they will be capable of being transferred
into each individual directors name for a consideration of £1 by each
director for a period up to 3rd January 2008.

Following the above transactions, the total number of shares held in the trust
is 731,687 representing 0.67% (731,687; 0.67%) of the issued share capital of
the company. Of these, the executive directors hold a beneficial interest in
314,802 (0.29%) (227,469;0.21%) shares as follows:

Howard Carlton Dawe          -      97,465

John Knowlton Watson          -      65,992

Alan George Robson          -      82,552

Peter John Stoker          -      68,793

Total                    -     314,802

In addition, each Bellway executive director has a potential further
beneficial interest in up to 416,885 (0.38%) (504,218 ; 0.46%) shares held in
the Trust.

The other interests of the directors remain unchanged.

Ends