Director Shareholding

Bellway PLC
17 April 2003

                                  BELLWAY PLC


                            DIRECTORS' SHAREHOLDINGS


                                17TH APRIL 2003


The company was yesterday informed that under the terms of the Bellway plc
(1995) Employee Share Option Scheme and the Bellway plc (1996) Employee Share
Option Scheme, Mr H C Dawe, a director of the company, yesterday exercised his
option to purchase 109,000 Bellway plc 12.5p ordinary shares as follows:

No of shares                                              Price per share
109,000                                                   293.80


Immediately thereafter Mr Dawe sold 99,000 shares at a price of 545p per share.


Following the above transactions, the beneficial shareholding of Mr Dawe in the
ordinary share capital of the company is as follows:

No of shares                      %                         Previous                        %
70,352                         0.06                         60,352                         0.05


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

                      No of shares                Previous
                      420,543                     529,543


The other interests of the directors remain unchanged.


Ends


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