Trading Statement

Bellway PLC
05 August 2003

                                 BELLWAY p.l.c.


                                 TRADING UPDATE




In line with normal practice and prior to entering the close period, the Board
of Bellway p.l.c. wishes to update the market as to current trading. The Group
anticipates producing yet another record set of results for the year ended 31
July 2003 and these will be announced on Tuesday 14 October.


During the last twelve months, Bellway has increased the number of homes sold
from 6,044 to 6,278. In the same period, the average selling price improved by
more than 20%, due mainly to our planned change in product mix, with the
operating margin moving ahead of last year's level.


Demand for our homes has remained robust, particularly in the last two months
and this is confirmed by the carried forward order book which is worth £380
million, 17% more than a year ago. In addition, despite continuing delays in the
planning system, we have strengthened our land bank.


Against this backdrop, the Board remains confident as to the future prospects of
the Group.


For further information, please contact John Watson, Chief Executive or Alistair
Leitch, Finance Director:


August 5th -     John Watson 07855 337007 & Alistair Leitch 07855 337001 and
thereafter 0191 2170717.









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