Director Shareholding

Bellway PLC
22 January 2001

                    BELLWAY PLC - DIRECTORS' SHAREHOLDINGS


                              22ND JANUARY 2001


The company was informed on Friday 19th January 2001 that on the same date,
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), 59,703 Bellway plc ordinary 12.5p shares were transferred to the
following directors for a consideration of £1 per director:


H C Dawe       -     18,458

J K Watson     -     12,889

A G Robson     -     15,467

P J Stoker     -     12,889


                     59,703


Immediately thereafter, 47,882 shares were sold at a price of 421.5p per share
to Capita IRG Trustees Limited who are the Trustees of the Bellway plc
Employee Share Trust 91992) as follows:


H C Dawe       -     16,000

J K Watson     -      5,155

A G Robson     -     15,467

P J Stoker     -     11,260


                     47,882


Following the foregoing transactions, the number of Bellway plc 12.5p ordinary
shares which are beneficially held by each of the directors concerned is as
follows:

                        Current                Previous


H C Dawe     -       60,351 (0.05%)           57,894 (0.05%)

J K Watson     -     111,234 (0.10%)          103,500 (0.09%)

A G Robson     -     250,000 (0.23%)          250,000 (0.23%)

P J Stoker     -     401,629 (0.37%)          400,000 (0.37%)


In addition, following the above transactions the total number of shares held
in the Bellway plc Employee Share Trust (1992) is 706,778 (0.65%) (718,599;
0.66%). Of these, the Executive directors have a beneficial interest in
255,099 (0.23%) (314,802;0.29%) ordinary shares as follows:


H C Dawe     -        79,007

J K Watson     -      53,103

A G Robson     -      67,085

P J Stoker     -      55,904


                     255,099


In addition, each Bellway executive director has a potential further
beneficial interest in up to 451,679 (0.41%) (403,797;0.37%) shares held in
the Trust.


The other interests of the directors remain unchanged.


Ends