Director Shareholding

Bellway PLC
24 May 2004

                                  SCHEDULE 11

          NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS


 1. Name of company

    Bellway plc


 2. Name of director

    Howard Carlton Dawe


 3. Please state whether notification indicates that it is in respect of holding
    of the shareholder named in 2 above or in respect of a non-beneficial
    interest or in the case of an individual holder if it is a holding of that
    person's spouse or children under the age of 18 or in respect of a
    non-beneficial interest

    As above


 4. Name of the registered holder(s) and, if more than one holder, the number of
    shares held by each of them (if notified)


    BWSIPP - H Dawe c/o Barnett Waddingham SIPP Trustees


 5. Please state whether notification relates to a person(s) connected with the
    Director named in 2)

    above and identify the connected person(s)

    As above


 6. Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    Acquisition of shares


 7. Number of shares/amount of stock acquired

    202,429 Bellway plc 9.5% Cumulative Redeemable Preference Shares 2014 of £1
    each purchased at 123.50p per share.


 8. Percentage of issued class

    1.01%


 9. Number of shares/amount of stock disposed

    Not applicable


10. Percentage of issued class

    Not applicable


11. Class of security

    Bellway plc 9.5% Cumulative Redeemable Preference Shares 2014 of £1 each


12. Price per share

    123.50p per share


13. Date of transaction

    21st May 2004


14. Date company informed

    21st May 2004


15. Total holding following this notification

    202,429 Bellway plc 9.5% Cumulative Redeemable Preference Shares 2014 of £1
    each




16. Total percentage holding of issued class following this notification

    1.01%


    If a director has been granted options by the company please complete the
    following boxes


17. Date of grant


        Not applicable



18. Period during which or date on which exercisable

    Not applicable


19. Total amount paid (if any) for grant of the option

    Not applicable


20. Description of shares or debentures involved: class, number

    Not applicable


21. Exercise price (if fixed at time of grant) or indication that price is to be
    fixed at time of exercise

    Not applicable


22. Total number of shares or debentures over which options held following this
    notification

    Not applicable


23. Any additional information

    Not applicable


24. Name of contact and telephone number for queries

    Kevin Wrightson - 0191 217 0717


25. Name and signature of authorised company official responsible for making
    this notification


        Kevin Wrightson


Date of Notification 24th May 2004





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