Holding in Company

Bellway PLC
5 October 2000


Schedule 10 - Notification of Major Interests in Shares

1   Name of company:
Bellway plc

2   Name of shareholder having a major interest:
Scudder Threadneedle Investments Limited in relation to a notifiable interest
of the Zurich Financial Services Group and Zurich Allied AG, both of
Switzerland and Allied Zurich plc, in the shares of the company.

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:
As above

4   Name of registered holder(s) and, if more than one holder, the number of
shares held by each of them:
Not disclosed - Have been advised that they no longer have a notifiable
interest

5   Number of shares/amount of stock acquired:
Not disclosed

6   Percentage of issued class:
Not disclosed

7   Number of shares/amount of stock disposed:
Not disclosed

8   Percentage of issued class:
Not disclosed

9   Class of security:
Bellway plc ordinary 12.5p 

10  Date of transaction:
Not disclosed

11  Date company informed:
4th October 2000

12  Total holding following this notification:
Not disclosed - Have been advised that they no longer have a notifiable
interest

13  Total percentage holding of issued class following this notification:
Not disclosed

14  Contact name for queries:
Kevin Wrightson

15 Contact telephone number:
0191 217 0717

16  Name of company official responsible for making notification:
Kevin Wrightson

17  Date of notification:
5th October 2000





Additional Information: