Director Shareholding

Bellway PLC
11 June 2003

                                  BELLWAY PLC

                            DIRECTORS' SHAREHOLDINGS


Following the exercise of share options by Mr J K Watson and Mr PJ Stoker, both
directors of the company, on Friday 6th June 2003 (announced on Monday 9th June
2003), the company was yesterday informed that on the same day the undernoted
directors sold the following Bellway plc 12.5p ordinary shares at a price of
582p per share:

Name                                                      No of shares

John Watson                                               48,000

Peter John Stoker                                         58,000


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

John Watson                  194,351 (0.17%)              242,351 (0.22%)

Peter Stoker                 431,000 (0.39%)              489,000 (0.44%)

The other interests of the directors remain unchanged.

Ends

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