Director Shareholding

Bellway PLC
16 December 2003

                               16TH DECEMBER 2003

                                  BELLWAY PLC

                           DIRECTORS' SHARE DEALINGS

The company was yesterday informed that under the terms of the Bellway plc
Employee Share Trust (1992) (a trust used to reward directors and employees)
2,961 Bellway plc 12.5p ordinary shares were transferred on 12th December 2003
to an employee for a total consideration of £1.

In addition, the company was advised yesterday that the Trustees of the Bellway
plc Employee Share Trust (1992) acquired 50,000 Bellway plc 12.5p ordinary
shares at a price of 644.10p per share on Friday 12th December 2003.

Following the above transactions, the total number of shares held in the trust
is 460,792 (0.41%) (413,753;0.37%). Of these, the executive directors hold a
beneficial interest in 269,889 (0.24%) (269,889;0.24%).

In addition, each Bellway executive director has a potential further beneficial
interest in up to 190,903 (0.17%) (143,864;0.13%) Bellway plc ordinary 12.5p
shares held in the trust.

The other interests of the directors remain unchanged.


Ends


                      This information is provided by RNS
            The company news service from the London Stock Exchange END

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