Director Shareholding

Bellway PLC
22 November 2001


                                 BELLWAY PLC

                              22ND NOVEMBER 2001


The company was yesterday informed that under the terms of the Bellway plc
1988 Employee Benefit Trust (a trust used to reward directors and employees)
18,000 Bellway plc ordinary 12.5p shares were transferred yesterday to three
employees for a total consideration of £1 per individual.

Following the above transactions, the directors of the company hold a joint
non-beneficial interest in 10,000 Bellway plc ordinary 12.5p shares held in
the Bellway plc 1988 Employee Benefit Trust representing 0.010% of the issued
share capital of the company (28,000; 0.025%).

The other interests of the directors in the share capital of the company
remain unchanged.


Ends