Trading Statement

Bellway PLC
04 August 2004


                                 BELLWAY p.l.c.

                                 TRADING UPDATE

                            WEDNESDAY 4 AUGUST 2004


Prior to entering the close period, the Board of Bellway p.l.c. wishes to update
the market as to current trading.

As planned, Bellway has increased the number of homes sold during the last
twelve months from 6,278 to 6,610, the 13th year of uninterrupted organic
growth. With operating margins moving ahead of last year's levels and with an
increase of some 7% in average selling price to around £160,000, the Group will
be announcing another record set of results for the year ended 31 July 2004 on
Tuesday 19 October.

In accordance with the Board's organic growth plans, the Group expects to
increase the number of homes sold in the coming twelve months. The Board decided
in Autumn 2003 to sell as far ahead as practicably possible and this has
resulted in the forward order book standing at a record level of £587 million,
representing more than 50% of the current target for the year.

Bellway's increasing geographical coverage and wide product range, augmented by
prudent land buying, ensures that the Board remains confident as to the future
prospects for the Group.

For further information, please contact John Watson, Chief Executive or Alistair
Leitch, Finance Director on 0191 217 0717.



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