Director Shareholding

Bellway PLC
12 November 2001

                     BELLWAY PLC DIRECTORS' SHAREHOLDINGS

                               12 NOVEMBER 2001

The Company was informed on Friday 9 November 2001 that under the terms of the
Bellway plc Employee Share Trust (1992) (a trust used to reward directors and
employees) 10,000 Bellway plc ordinary 12.5p shares in the company were, on
the same date, transferred to an employee of the company for a total
consideration of £1.00.

Following the above transaction the total number of shares held in the trust
is 566,375 (0.52%) (576,375; 0.52%). Of these, the executive directors have a
beneficial interest in 171,652 (0.16%) (171,652; 0.16%).

In addition, each executive director has a potential further beneficial
interest in up to 394,723 (0.36%) (404,723; 0.37%).

The other interests of the directors remain unchanged.

Ends