Directors' Dealings

Bellway PLC
29 November 1999




The company was informed on Friday 26th November 1999 that under the terms of
the Bellway plc deferred bonus plan and the Bellway plc Employee Share Trust
(1992) (arrangements used to reward directors and employees) 63,381 Bellway
plc ordinary 12.5p shares were transferred on the same day to the following
directors for a consideration of £1 per director:

H C Dawe     -     19,595
J K Watson   -     13,683
A G Robson   -     16,420
P J Stoker   -     13,683


Immediately thereafter 37,366 shares were sold at a price of 339.5p per share
to Noble Lowndes Settlement Trustees who are the trustees of the Bellway plc
Employee Share Trust (1992) as follows:

H C Dawe     -     15,000
J K Watson   -     13,683
A G Robson   -       Nil
P J Stoker   -      8,683
                   ______
                   37,366
                   ______

In addition, on Friday 26th November 1999 Mr J K Watson exercised options over
25,000 Bellway plc 12.5p ordinary shares under the terms of the following
schemes as detailed below:

            Scheme                           No. of shares   Exercise Price 
                                                              Per Share (p)

Bellway plc Executive Share Option Scheme        15,000         238.30

Bellway plc (1995) Employee Share Option Scheme  10,000         191.50
                                                 ______
                                                 25,000
                                                 ______

Immediately following the above transaction, Mr Watson transferred 19,080
shares to his wife, Mrs D Watson for nil consideration.  Mr J K Watson then
sold 5,920 shares and Mrs D Watson sold 9,796 shares at a price of 339.5p per
share to Noble Lowndes Settlement Trustees Limited.  

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


                       Current            Previous

H C Dawe      -     55,894 (0.05%)    (51,299;  0.047%)
J K Watson    -     100,000 (0.09%)   (90,716;  0.08%)
A G Robson    -     246,420 (0.23%)   (230,000; 0.21%)
P J Stoker    -     390,000 (0.36%)   (385,000; 0.35%) 

In addition, following all the above transactions the total number of shares
held in the Bellway plc Employee Share Trust (1992) is 635,614 representing
0.58% (645,913; 0.59%) of the issued share capital of the company.  Of these,
the executive directors have a beneficial interest in 227,469 representing
0.21% (290,850; 0.27%) of the issued share capital of the company as follows:

H C Dawe      -      71,303      ( 90,898)
J K Watson    -      46,627      ( 60,310)
A G Robson    -      59,749      ( 76,169)
P J Stoker    -      49,790      ( 63,473)
                    _______      ________
Total               227,469      (290,850)
                    _______      ________

In addition, following the death of Mr Ashley Kenrick Bell, a director of the
company until the date of his death on 28th September 1999, the rights
attaching to deferred bonus entitlements outstanding over 44,927 (0.04%) 
44,927; 0.04%) Bellway plc 12.5p ordinary shares passed to the executors of
his estate and are held under the terms of his will.  As a consequence of
this, one of the directors, Mr Peter John Stoker, only in his capacity as one
of the Executors of the Estate of Mr Ashley Kenrick Bell, has a beneficial
interest in those deferred bonus rights.

In addition, each Bellway executive director has a potential further
beneficial interest in up to 363,218 (0.33%) (310,136; 0.28%) shares held in
the trust.

Furthermore, following all the above transactions, Mr J K Watson holds options
over 221,871 (246,871) Bellway plc 12.5p ordinary shares.

The other interests of the directors remain unchanged.