Bellway plc : Holding(s) in Company

For filings with the FCA include the annex

For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying           Bellway p.l.c.
issuer of existing shares to which voting
rights are attached: ii

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights                               X

An acquisition or disposal of qualifying financial instruments which
may result in the acquisition of shares already issued to which voting
rights are attached

An acquisition or disposal of instruments with similar economic effect
to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please
specify):

3. Full name of person(s) subject to        Standard Life Investments Ltd
the notification obligation: iii

4. Full name of shareholder(s) (if                Vidacos Nominees
different from 3.):iv

5. Date of the transaction and date                  27/12/2013
on which the threshold is crossed or
reached: v

6. Date on which issuer notified:                    30/12/2013

7. Threshold(s) that is/are crossed                      5%
or reached: vi, vii

8. Notified details:
A: Voting rights attached to shares viii, ix

Class/type of Situation previous            Resulting situation after
shares         to the triggering                  the triggering
                  transaction                      transaction

if possible              Number                   Number          % of voting
using          Number      of      Number           of              rights x
the ISIN CODE    of      Voting      of           voting
               Shares    Rights    shares         rights

                                   Direct   Direct xi Indirect  Direct  Indirect
                                                         xii

GB0000904986  5,989,856 5,989,856 6,128,060 3,103,641 3,024,419  2.549   2.484

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial Expiration     Exercise/      Number of voting   % of voting
   instrument     date xiii  Conversion Period rights that may be    rights
                                    xiv         acquired if the
                                                 instrument is
                                                   exercised/
                                                   converted.

C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments xv, xvi

Resulting situation after the triggering transaction

   Type of     Exercise Expiration Exercise/  Number of voting    % of voting
  financial     price   date xvii  Conversion rights instrument  rights xix, xx
  instrument                         period       refers to
                                     xviii

                                                                Nominal   Delta

Total (A+B+C)

        Number of voting rights               Percentage of voting rights

               6,128,060                                5.032%

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy
holder will cease to hold:

12. Date on which proxy holder will
cease to hold voting rights:

13. Additional information:

14. Contact name:                                   Kevin Wrightson

15. Contact telephone number:                        0191 2170717