Trading Statement

Bellway PLC
19 January 2001


                                  BELLWAY PLC                                 

                                Trading Update        
                        
Bellway p.l.c wishes to inform investors of current trading and to confirm
that its interim results for the half year to 31 January 2001 will be
announced on Wednesday 4 April 2001.  The Board anticipates that the interim
results will show another record trading performance with increases in both
average selling price and number of homes sold.

The present stability in the housing market creates a climate for continuing
our planned growth.  We have now secured some excellent opportunities
throughout the UK, particularly on brownfield developments, notably in London,
Cardiff, Birmingham, Nottingham, Manchester and Edinburgh.

Furthermore, we are particularly pleased to report our success in winning a
planning appeal at Stepney in East London for over 400 homes which will
include one of the first 'key worker' accommodation schemes in London.  In
this regard we hope to announce, in the near future, joint ventures with
Registered Social Landlords to take advantage of this new Government sponsored
initiative.

We are also pleased to report that our new Northern Home Counties division,
which commenced trading in August 2000, has enjoyed a successful launch and in
its first year of operation we anticipate it will trade profitably.

We are confident that our year end results will show another excellent
performance and the Board remains optimistic about the Group's future
prospects.  These achievements serve to emphasise Bellway's position as one of
the UK's pre-eminent housebuilders.


Enquiries:

Bellway p.l.c                                     0191 217 0717

John Watson,
Chief Executive

Alan Robson, 
Finance Director