Director/PDMR Shareholding

BELLWAY PLC (the "Company")                          

                                                                               

                           DIRECTOR'S SHAREHOLDINGS                            

                                                                               

                                26 OCTOBER 2011                                

                                                                               

In accordance with the requirements of D.T.R.3.1.2R and section 793 of the
Companies Act 2006, the Company was today informed by the Trustee of the
Bellway plc Employee Share Trust (1992) (The "Trust") that, on the 24 October
2011 in Newcastle upon Tyne, the following Directors were granted awards in
respect of 113,348 Ordinary 12.5p shares in the Company, under the terms of the
Bellway plc (2004) Performance Share Plan (The "Plan") (an arrangement used to
reward directors and employees) as follows:

 

J K Watson                -             77,659          (0.064%)

E F Ayres                   -           35,689          (0.030%)

 

                                       113,348          (0.094%)

 

The Awards, which are in respect of existing shares, are to be held in the
Trust until at least 24 October 2014. The number of shares awarded was
calculated in accordance with the rules of the Plan.

 

The Awards are maximum awards and the degree to which they vest depends on
performance targets measured over a three year period (the 'performance
period').  The performance period to be used commenced on 1 August 2011 and
ends on 31 July 2014.

 

Following the grant of the awards the aforementioned directors have an interest
in 370,923 Ordinary 12.5p shares held in the Trust under the terms of the
Bellway plc (2004) Performance Share Plan as follows:

 

J K Watson                -           335,234          (0.28%)

E F Ayres                   -         35,689           (0.030%)

 

                                      370,923          (0.31%)

 

 

The other interests of the directors remain unchanged.                        

 

Ends