Interim Management Statement

Bellway PLC
06 December 2007

                                 Bellway p.l.c.

                          Interim Management Statement

                                6 December 2007



Following the implementation of the Transparency Directive on 20 January 2007,
Bellway presents its first Interim Management Statement (IMS) today.



It is anticipated that Bellway's strong forward sales position at 31 July will
allow the company to deliver modest volume growth for the six month period
ending 31 January 2008, albeit at a slightly reduced margin when compared to
January 2007.  Since 16 October, the date of the preliminary announcement,
reservations have fallen below last year's levels and for the four months ended
30 November, were 7% lower than the same period last year.  Notwithstanding
this, the order book is £677 million, compared to £689 million at the end of
November 2006, resulting in 70% of our revised target having already been
achieved.  The Group believes that it can still deliver a small increase in
volume supported by a rise in the number of outlets available in early 2008.



Whilst the supply side of house building remains constrained by planning,
product and construction starts, the demand side is now being affected by a lack
of consumer confidence and the economy generally.  The size of the current
forward order book puts Bellway in a strong position but the final outcome for
the year ending 31 July 2008 will have to be reviewed in light of conditions
prevailing in spring 2008.



FOR FURTHER INFORMATION, PLEASE CONTACT:



JOHN WATSON, CHIEF EXECUTIVE & ALISTAIR LEITCH, FINANCE DIRECTOR FROM 7.30 AM
ONWARDS ON  0191 2170717





Ends


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