BELLWAY p.l.c. ('the Company')                         

                            NOTIFICATION OF TRANSACTIONS OF                        

                    PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES                

                                   10 NOVEMBER 2017                                

    The Company was informed today that under the terms of the Bellway p.l.c.
    Employee Share Trust (1992) (an arrangement to reward directors and employees)
    39,851 ordinary 12.5p shares (including dividend equivalent shares which have
    accrued between grant and vesting) were transferred on 10 November 2017 to
    Edward Ayres for nil consideration under the Bellway p.l.c. (2013) Performance
    Share Plan.

    Mr Ayres immediately thereafter sold 18,768 Bellway p.l.c. 12.5p ordinary
    shares at a price of £34.2885 per share to cover income tax and NI
    liabilities.  The balance of 21,083 shares were transferred to Mrs Jane Ayres.

    The relevant notifications set out below are provided in accordance with the
    requirements of Article 19 of the EU Market Abuse Regulations.

                                    BELLWAY p.l.c.                                 

                            NOTIFICATION OF TRANSACTIONS OF                        

                    PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES                

    1   Details of the person discharging managerial responsibilities/person closely    
        associated                                                                      
                                                                                        
    a)  Name                         1          Edward Ayres                            
                                     2          Jane Ayres                              
                                                                                        
    2   Reason for the notification                                                     
                                                                                        
    a)  Position/status              1          Director (PDMR)                         
                                     2          PCA of PDMR                             
                                                                                        
    b)  Initial notification/        Initial notification                               
        Amendment                                                                       
                                                                                        
    3   Details of the issuer, emission allowance market participant, auction platform, 
        auctioneer or auction monitor                                                   
                                                                                        
    a)  Name                         Bellway p.l.c.                                     
                                                                                        
    b)  LEI                          213800CY4L3HST4FGZ98                               
                                                                                        
    4   Details of the transaction(s): section to date; to be repeated for (i) each     
        type of instrument; (ii) each type of transaction; (iii) each and (iv) each     
        place where transactions have been conducted                                    
                                                                                        
    a)  Description of the financial                                                    
        instrument, type of          12.5p ordinary shares                              
        instrument                                                                      
                                     GB0000904986                                       
        Identification code                                                             
                                                                                        
    b)  Nature of the transaction    1a        Exercise of award granted in November    
                                     2014 under the Company's Performance Share Plan and
                                     associated dividend accrual shares.                
                                     1b        Sale of shares to cover income tax and NI
                                     liability due on the exercise of this award.       
                                     1c & 2 Transfer of shares to Jane Ayres (PCA).     
                                                                                        
    c)  Price(s) and volume(s)                               Price(s)            Volume 
                                     (s)                                                
                                     1a                    Nil                    39,851
                                     1b                    £34.2885         18,768      
                                     1c & 2              Nil                    21,083  
                                                                                        
    d)  Aggregated information                                                          
                                                                                        
        Aggregated volume            N/A                                                
        Price                        N/A                                                
                                                                                        
    e)  Date of the transaction      10 November 2017                                   
                                                                                        
    f)  Place of the transaction     London Stock Exchange (XLON)                       

    Name of contact and telephone number for queries:

    Simon Scougall

    Group General Counsel & Company Secretary

    Bellway p.l.c.

    Tel: 0191 217 0717