Holding in Company

Bellway PLC
21 February 2001


                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

 1. Name of company

Bellway plc

2) Name of shareholder having a major interest

Standard Life Investments Limited


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

As above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Stanlife Nominees Limited - 4,330,875


5) Number of shares/amount of stock acquired

Not disclosed

6) Percentage of issued class

Not disclosed

7) Number of shares/amount of stock disposed

136,108

8) Percentage of issued class

0.12%

9) Class of security

Ordinary 12.5p

10) Date of transaction

20th February 2001

11) Date company informed

21st February 2001

12) Total holding following this notification

4,330,875

13) Total percentage holding of issued class following this notification

3.95%

14) Any additional information

-

15. Name of contact and telephone number for queries

Kevin Wrightson - 0191 217 0717

16) Name and signature of authorised company official responsible for
making this notification

Kevin Wrightson Date of notification 21st February 2001