Director Shareholding

Bellway PLC
12 May 2004


                                  BELLWAY PLC

                                 12TH MAY 2004


The company was yesterday informed that on the same day under the terms of the
Bellway plc Employee Share Trust (1992) (a trust used to reward directors and
employees), the Trustees acquired 20,000 Bellway plc 12.5p ordinary shares at a
price of 718p per share.


Following the above transaction, the total number of shares held in the Bellway
plc Employee Share Trust (1992) is 501,452 representing 0.45% (481,452; 0.43%)
of the issued ordinary capital of the company. Of these, the executive directors
hold a beneficial interest in 379,945 shares representing 0.34% (379,945; 0.34%)
of the issued ordinary share capital of the company.


Furthermore, each Bellway executive director has a potential further beneficial
interest in up to 121,507 shares representing 0.11% (101,507; 0.09%) of the
issued ordinary share capital of the company.


The other interests of the directors remain unchanged.


Ends



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