Holding(s) in Company

Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex  
                                            
For filings with issuer exclude the annex   

TR-1: Notifications of Major Interests in Shares                               

1. Identity of the issuer or the underlying                               BELLWAY PLC          
issuer of existing shares to which voting                                      
rights are attached:                                                           
                                                                               
2. Reason for notification (yes/no)                                            
                                                                                 
An acquisition or disposal of voting rights                               YES    
                                                                               
An acquisition or disposal of financial instruments which may result           
in the acquisition of shares already issued to which voting rights             
are attached                                                                   
                                                                               
An event changing the breakdown of voting rights                               
                                                                               
Other (please specify):______________                                          
                                                                               
3. Full name of person(s) subject to                                     Credit Suisse Securities (Europe)      
notification obligation:                                                 Limited                                
                                                                               
4. Full name of shareholder(s) (if                                             
different from 3):                                                             
                                                                               
5. Date of transaction (and date on                                      11.05.09                
which the threshold is crossed or                                              
reached if different):                                                         
                                                                               
6. Date on which issuer notified:                                        12.05.09                
                                                                               
7. Threshold(s) that is/are crossed or                                   3%                   
reached:                                                                       

8: Notified Details                                                            
                                                                               
A: Voting rights attached to shares                                            
                                                                               
Class/type of  Situation previous  Resulting situation after the triggering    
shares         to the triggering   transaction                                 
               transaction                                                     
If possible                                                                    
use ISIN code                                                                  
                                                                               
                                                                               

Number of     Number   Number   Number of voting    Percentage of        
shares        of       of       rights              voting rights        
              voting   shares                                            
              rights                                                     
                                Direct    Indirect  Direct Indirect      
                                                                         
ORD           N/A      N/A      3,890,282 3,890,282 N/A    3.38%    N/A  
GB0000904986                                                             
                                                                         

B: Financial Instruments                                                       
                                                                               
Resulting situation after the triggering transaction                           
                                                                               
Type of        Expiration     Exercise/       No. of voting      Percentage of 
financial      date           conversion      rights that may be voting rights 
instrument                    period/date     acquired (if the                 
                                              instrument                       
                                              exercised/                       
                                              converted)                       
                                                                               

Total (A+B)                                                                    
                                                                               
Number of voting rights                 Percentage of voting rights            
                                                                               
               3,890,282                                 3.38%                 

9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:                     
                                                                               
Credit Suisse Securities (Europe) Limited , Credit Suisse International and    
Credit Suisse Securities (USA) LLC are a division of Credit Suisse ("CSIBD"),  
which is part of the Credit Suisse Group ("CSG"). CSIBD is a segregated        
business unit within CSG with an independent management structure and exercises
its voting rights independently from other divsions of CSG                     

Proxy Voting:                                                                  
                                                                               
10. Name of proxy holder:                                                      
                                                                               
11. Number of voting rights proxy                                              
holder will cease to hold:                                                     
                                                                               
12. Date on which proxy holder will                                            
cease to hold voting rights:                                                   

13. Additional information:                                                    
                                                                               
14 Contact name:                        Kevin Wrightson                        
                                                                               
15. Contact telephone number:           0191 217 0717