Directors' Dealings

Bellway PLC
25 January 2000


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)
2,000 ordinary 12.5p shares in the company were yesterday transferred to an
employee in the company under the terms of the trust for a consideration of £1
in total.

Following the above transaction, the total number of shares held in the Trust
is 656,614 representing 0.60% (658,614; 0.60%) of the ordinary issued share
capital of the company.  Of these, the executive directors have a beneficial
interest in  227,469 shares representing 0.21% (227,469; 0.21%) of the
ordinary issued share capital of the company.

In addition, following the death of Mr Ashley Kenrick Bell, a director of the
company until the date of his death on 28th September 1999, the rights
attaching to deferred bonus entitlements outstanding over 44,927 (0.04%) 
(44,927; 0.04%) Bellway plc 12.5p ordinary shares passed to the executors of
his estate and are held under the terms of his will.  As a consequence of
this, one of the directors, Mr Peter John Stoker, only in his capacity as one
of the Executors of the Estate of Mr Ashley Kenrick Bell, has a beneficial
interest in those deferred bonus rights.

In addition, each Bellway executive director has a potential further
beneficial interest in up to 384,218 (0.35%) (386,218; 0.35%) shares held in
the trust.

The other interests of the directors remain unchanged.