Director/PDMR Shareholding

BELLWAY p.l.c.                                 

                           DIRECTORS' SHAREHOLDINGS                            

                                9 DECEMBER 2014                                

The Company was yesterday informed in Newcastle upon Tyne, the following
directors acquired 6,058 ordinary 12.5p shares in the Company in relation to
participation in the Bellway p.l.c. (2008) Share Matching Plan(`the Plan') at a
price of 1888.4p per share as follows:

E F Ayres 3,859

K D Adey 2,199

Total 6,058

In addition, in connection with the purchase of such shares (known as
"Investment Shares" for the purposes of the Plan) pursuant to the rules of the
Plan, the two directors concerned were, on the same day, granted nil cost
option awards (known as "Matching Awards") in respect of 22,860 ordinary 12.5p
shares in the Company as follows:

E F Ayres 14,562

K D Adey 8,298

Total 22,860

The number of shares awarded under the Matching Awards was calculated by
reference to the number of Investment Shares acquired in accordance with the
rules of the Plan.

Subject to the terms of the Plan, in the normal course of events the Matching
Awards will vest on the third anniversary of grant subject to the grantee's
continued service, the retention of the linked Investment Shares and the extent
to which performance targets measured over a three year period (`the
Performance Period') are satisfied. The Performance Period to be used commenced
on 1 August 2014 and ends on 31 July 2017.

To the extent the Matching Awards vest, the underlying nil cost option may be
exercised during a six month exercise window commencing on the date of vesting.

Following the grant of the Matching Awards, the aforementioned directors have
an interest in 61,163 ordinary 12.5p shares under the terms of the Bellway
p.l.c. (2008) Share Matching Plan, as follows:

E F Ayres 44,567 (0.036%)

K D Adey 16,596 (0.013%)

Total 61,163

In addition, following the above transaction, the aforementioned directors have
a beneficial interest in 44,812 ordinary 12.5p shares in the Company as
follows:

E F Ayres 37,654 (0.030%)

K D Adey 7,158 (0.005%)

Total 44,812

The other interests of the directors remain unchanged.

This notification is made in accordance with DR 3.1.4R(1)(a).

Name of contact and telephone number for queries:

Kevin Wrightson, Tel: [phone]
For and on behalf of Bellway p.l.c.

Kevin Wrightson
Group Company Secretary

Date: 9 December 2014