Director Shareholding

Bellway PLC
9 August 2004

                                       BELLWAY PLC 

                              DIRECTORS' SHAREHOLDINGS 

                                     9TH AUGUST 2004 


The company was today informed that under the terms of the Bellway plc
Savings Related Share Option Scheme, the undernoted directors today acquired
the following ordinary 12.5p shares in Bellway plc at a consideration of
345.20p per share being the applicable option price: 

                                                         
Name of director                                   No of shares 

John Watson                                                2806 
Peter Stoker                                               2806 
Alistair Leitch                                            2245 

Following the above transactions the beneficial shareholdings in the ordinary
share capital of the company of each director are as follows: 

                                                                       
Director            No of shares      %      Previous      %    

John Watson              207,157     0.18     204,351     0.18 
Peter Stoker             433,806     0.39     431,000     0.38 
Alistair Leitch           35,633    0.032      33,388    0.030 


Furthermore, the share options outstanding in respect of each director are as
follows: 

                                                                  
Director            No of share options       Previous  

John Watson                     326,300        329,106 
Peter Stoker                    379,600        382,406 
Alistair Leitch                 165,500        167,745 


The other interests of the directors remain unchanged. 


Ends 
 



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