Director Shareholding

Bellway PLC
08 December 2004


                                  BELLWAY PLC

                               8TH DECEMBER 2004


The company was yesterday informed that, on the same day, under the terms of the
Bellway plc Employee Share Trust (1992) (a trust used to reward directors and
employees), the Trustees acquired 21,500 Bellway plc 12.5p ordinary shares at a
price of 717.6977p per share.

Following the above transaction, the total number of shares held in the Bellway
plc Employee Share Trust (1992) is 511,952 (0.46%) (490,452; 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, 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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