Director Shareholding

Bellway PLC
12 May 2004

                                 12TH MAY 2004


                                  BELLWAY PLC


                           DIRECTORS' SHARE DEALINGS


The company was today informed that under the terms of the Bellway plc Employee
Share Trust (1992) (a trust used to reward directors and employees) 3,000
Bellway plc 12.5p ordinary shares were transferred today to an employee for a
total consideration of £1.


Following the above transaction, the total number of shares held in the trust is
498,452 (0.45%) (501,452;0.45%). Of these, the executive directors hold a
beneficial interest in 379,945 (0.34%) (379,945;0.34%).


In addition, each Bellway executive director has a potential further beneficial
interest in up to 118,507 (0.11%) (121,507;0.11%) Bellway plc ordinary 12.5p
shares held in the trust.


The other interests of the directors remain unchanged.


Ends


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