Director Shareholding

Bellway PLC
09 June 2003

                                  9 June 2003

                      BELLWAY plc DIRECTORS SHAREHOLDINGS

The Company was informed on Friday 6 June 2003 that on the same day the
following directors exercised options to acquire 131,500 Bellway plc 12.5p
ordinary shares under the terms of the Bellway plc (1996) Employee Share Option
Scheme ('1996 Scheme') as follows:

Name                         Scheme                       No. of Shares                Price per Share

J K Watson                   1996 Scheme                  43,500                       327.50p

                             1996 Scheme                  20,000                       361.10p

                                                          63,500

 P J Stoker                  1996 Scheme                  68,000                       293.80p

Total                                                     131,500


Following the above transactions, the number of Bellway plc 12.5p ordinary
shares which are beneficially held by each of the above directors is as follows:

Name                         Current                      Previous                     Increase

J K Watson                   242,351 (0.22%)              178,851 (0.16%)              63,500
P J Stoker                   489,000 (0.44%)              421,000 (0.38%)              68,000


In addition, following the above transactions the number of outstanding options
held over Bellway plc 12.5p ordinary shares by each of the above directors is as
follows:

Name                         Current                      Previous

J K Watson                   263,606                      327,106
P J Stoker                   322,406                      390,406


The other interests of the directors remain unchanged.

Ends.


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