Directors' Dealings

Bellway PLC
23 November 1999


The company was today informed that under the terms of the Bellway plc
Deferred Bonus Plan and the Bellway plc Employee Share Trust (1992)
(arrangements used to reward directors and employees) deferred bonus rights
were allocated in respect of 84,319 Bellway plc ordinary 12.5p shares to
certain directors of Bellway plc as follows:

H C Dawe             -      26,560
A G Robson           -      22,256
J K Watson           -      16,957
P J Stoker           -      18,546

Total                       84,319
             
The shares are to be held in the Bellway plc Employee Share Trust (1992) until
at least 22nd October 2002, whereupon they will be capable of being
transferred into each individual directors name for a consideration of £1 by
each director for a period up to 22nd October 2006.

Following the above transactions, the total number of shares held in the trust
is 645,913 representing 0.59% (645,913; 0.59%) of the issued share capital of
the company.  Of these, the executive directors hold a beneficial interest in
290,850 (0.27%) (206,531;0.19%) shares as follows:

Howard Carlton Dawe       -    90,898
Alan George Robson        -    76,169
John Knowlton Watson      -    60,310  
Peter John Stoker         -    63,473

Total                         290,850

In addition, following the death of Mr Ashley Kenrick Bell, a director of the
company until the date of his death on 28th September 1999, the rights
attaching to deferred bonus entitlements outstanding over 44,927 (0.04%)
(44,927; 0.04%) Bellway plc 12.5p ordinary shares passed to the executors of
his estate and are held under the terms of his will.  As a consequence of
this, one of the directors, Mr Peter John Stoker, only in his capacity as one
of the Executors of the Estate of Mr Ashley Kenrick Bell, has a beneficial
interest in those deferred bonus rights.

In addition, each Bellway executive director has a potential further
beneficial interest in up to 310,136 (0.28%) (394,455; 0.36%) shares held in
the trust.

The other interests of the directors remain unchanged.