Director Shareholding

Bellway PLC
6 February 2002

                               6TH FEBRUARY 2002


                    BELLWAY PLC - DIRECTORS' SHARE HOLDINGS


The company was yesterday informed that under the terms of the Bellway plc
Employee Share Trust (1992) (a trust used to reward directors and employees)
24,000 Bellway plc 12.5p ordinary shares were transferred yesterday to seven
employees for a total consideration of £1 per individual. In addition, the
company was today informed that 8,000 Bellway plc 12.5p ordinary shares were
today transferred from the same trust to three employees for a total
consideration of £1 per individual.

Following the above transactions the total number of shares held in the trust is
534,375 (0.49%) (566,375; 0.51%). Of these, the executive directors hold a
beneficial interest in 222,980 (0.20%) (222,980; 020%).

In addition, each Bellway executive director has a potential further beneficial
interest in up to 311,395 (0.28%) (343,395; 0.31%) shares held in the trust.

The other interests of the directors remain unchanged.


Ends



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