Director Shareholding

Bellway PLC 4 December 2001 4TH DECEMBER 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 yesterday allocated in respect of 51,328 Bellway plc 12.5p ordinary shares to certain directors of Bellway plc as follows: H C Dawe - 20,681 J K Watson - 15,840 P J Stoker - 14,807 51,328 The shares are to be held in the Bellway plc Employee Share Trust (1992) until at least 20th October 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 2nd December 2008. Following the above transactions, the total number of shares held in the trust is 566,375 (0.51%) (566,375;0.51%). Of these, the executive directors hold a beneficial interest in 222,980 (0.20%) (171,652;0.16%) shares as follows: H C Dawe - 73,403 J K Watson - 52,162 P J Stoker - 52,356 A G Robson - 45,059 222,980 In addition, each Bellway executive director has a potential further beneficial interest in up to 343,395 (0.32%) (394,723;0.36%) shares held in the Trust. The other interests of the directors remain unchanged. Ends

Companies

Bellway (BWY)
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