Director Shareholding

Bellway PLC
2 May 2001

                           BELLWAY PLC 2ND MAY 2001


                           DIRECTORS' SHAREHOLDINGS


The company was today informed that under the terms of the Bellway plc (1996)
Employee Share Option Scheme, Mr H C Dawe, a director of the company today
exercised his option to purchase 70,000 Bellway plc 12.5p ordinary shares at a
price of 305p per share. Immediately thereafter, Mr Dawe sold the same number
of shares at a price of 426p per share.


In addition, the company was yesterday informed that under the terms of the
Bellway plc Savings Related Share Option Scheme, Mr A G Robson, a director of
the company, yesterday exercised his option to purchase 3,371 Bellway plc
12.5p ordinary shares at a price of 289.2p per share.


Following the above transactions the beneficial shareholdings of Mr Dawe and
Mr Robson in the ordinary share capital of the company are as follows:

   Director          No of Shares         %          Previous            %
Howard Dawe                     60,352    0.05               60,352        0.05
Alan Robson                    253,371    0.23              250,000        0.23




In addition, the share options outstanding in respect of each director
following the above transactions are as follows:

        Director                   No of shares                 Previous
H C Dawe                                          470,043               540,043
A G Robson                                        224,000               227,371




The other interests of the directors remain unchanged.


Ends