Director Shareholding

Bellway PLC
03 June 2005

                                  BELLWAY PLC


                            DIRECTORS' SHAREHOLDINGS


                                 3RD JUNE 2005


The company was today informed under the terms of the Bellway plc (1996) plc
Employee Share Option Scheme, the following directors of the company, today
exercised options over 160,000 Bellway plc 12.5p ordinary shares as follows:



Name                     No of shares         Price per share

John Watson                 85,000            474.00p

Peter Stoker                75,000            474.00p


Immediately thereafter, the above individuals sold 128,000 Bellway plc 12.5p
ordinary shares at a price of 863p per share as follows:



Name                   No of shares          Price per share

John Watson               63,000              863p

Peter Stoker              65,000              863p


Following the above transactions, the beneficial shareholdings of the above in
the ordinary share capital of the company are as follows:



                        Current             Previous

John Watson          276,753 (0.25%)        254,753 ( 0.23%)

Peter Stoker         465,000 (0.41%)        455,000 (0.40%)


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



                   Current No of shares            Previous no of shares

John Watson            124,500                       209,500

Peter Stoker           211,600                       286,600




The other interests of the directors remain unchanged.


Ends


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