Trading Statement

Bellway PLC
04 February 2004

                                 BELLWAY p.l.c.

                                 TRADING UPDATE

                                4 February 2004


Prior to entering its close period on Friday 6 February, Bellway is issuing a
Trading Update in advance of the release on 6 April of its Interim Results for
the half year ended 31 January 2004.

The Board is delighted to announce that the record order book held at 31 July
2003 has been converted into a record performance for the period. The number of
homes sold in the six months has grown by 10.4% to 2,728 from 2,470 last year.
The average sales price of these homes will be around £154,000, an increase of
6.5% over the same period last year. The Group is continuing to progress towards
a more balanced trading position between the first and second six month periods.

Current trading remains strong across all areas of the operation with over 86%
of the current year's sales target having already been secured. The forward
order book stands at £542 million, 17.5% ahead of the same time last year.

Against this backdrop, the Board anticipates exceeding current market
expectations for the full year to 31 July 2004.



Contacts:J K Watson, Chief Executive - Tel: [phone] or Mobile [phone]

        A M Leitch, Finance Director - Tel: [phone] or Mobile [phone]


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