Director Shareholding

Bellway PLC
25 November 2002

                                  BELLWAY PLC


                            DIRECTOR'S SHAREHOLDINGS


The company was today informed that under the terms of the Bellway plc (1995)
Employee Share Option Scheme, Mr P J Stoker, a director of the company, today
exercised his option to purchase 10,000 Bellway plc 12.5p ordinary shares as
follows:

No of shares                                             Price per share
10,000                                                   293.80


Following the above transaction the beneficial shareholding of Mr Stoker in the
ordinary share capital of the company is as follows:

No of shares                    %                   Previous              %
415,020                      0.38                    405,020           0.37


In addition, the share options outstanding in respect of Mr Stoker, following
the above transaction, are as follows:

No of shares                                         Previous
408,406                                               418,406


The other interests of the directors remain unchanged.


Ends


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