Director Shareholding

Bellway PLC
01 December 2004



                     BELLWAY PLC - DIRECTORS' SHAREHOLDINGS

                               1ST DECEMBER 2004


The company was today informed that under the terms of the Bellway plc Employee
Share Trust (1992) (a trust used to reward directors and employees) 5,000
Bellway plc 12.5p ordinary shares were transferred today to an employee for a
total consideration of £1.


Following the above transaction, the total number of shares held in the Bellway
plc Employee Share Trust (1992) is 493,452 (0.44%) (498,452; 0.44%). Of these,
the executive directors have a beneficial interest in 309,797 (0.28.%) (309,797;
0.28%).


Under the terms of the Bellway plc (2004) Performance Share Plan arrangement,
the Bellway plc executive directors have a potential further beneficial interest
in up to 302,518 (0.27%) (302,518; 0.27%) shares held in the Trust.


In addition, each Bellway executive director has a potential further beneficial
interest in up to nil (0.0%) (nil;0.0%) shares held in the Trust.


The other interests of the directors remain unchanged.




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