Director Shareholding

Bellway PLC
05 December 2002

                               5TH DECEMBER 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)
17,000 Bellway plc 12.5p ordinary shares were transferred yesterday to two
employees for a total consideration of £1 per employee.

Following the above transactions the total number of shares held in the trust is
472,056 (0.43%) (489,056; 0.44%). Of these, the executive directors hold a
beneficial interest in 161,543 (0.15%) (161,543; 0.15%).

In addition, each Bellway executive director has a potential further beneficial
interest in up to 310,513 (0.28%) Bellway plc ordinary 12.5p shares held in the
trust (327,513; 0.30%).

The other interests of the directors remain unchanged.

Ends


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