Director Shareholding

Bellway PLC
31 July 2002

                                  BELLWAY PLC


                                 31ST JULY 2002


The company was yesterday informed that on the same day under the terms of the
Bellway plc Employee Share Trust (1992) (a trust used to reward directors and
employees), the Trustees acquired 50,000 Bellway plc 12.5p ordinary shares at a
price of 429p per share.


Following the above transaction, the total number of shares held in the Bellway
plc Employee Share Trust (1992) is 573,375 representing 0.52% (523,375; 0.47%)
of the issued ordinary capital of the company. Of these, the executive directors
hold a beneficial interest in 222,980 shares representing 0.20% (222,980; 0.20%)
of the issued ordinary share capital of the company. Furthermore, each Bellway
executive director has a potential further beneficial interest in up to 350,395
representing 0.32% (300,395; 0.27%) of the issued ordinary share capital of the
company.


The other interests of the directors remain unchanged.


Ends





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