AGM Statement

BELLWAY PLC - AGM Statement

PR Newswire

London, January 11

At today's AGM, the Chairman, Mr Howard Dawe, made the following statement:-

"In the short period since the Interim Management Statement (IMS) on 7December, reservations have remained in line with expectations. The Grouptherefore starts the calendar year with 76% of its current year target secureand assuming the usual pattern of reservations throughout the spring sellingseason, the Board, as previously indicated, anticipates that completions willincrease by around 5% for the full year. In addition, the Board expects thatcompletions for the half year ending 31 January 2013 will also increase byaround 5%.

I am pleased that the final dividend of 14.0 pence per ordinary share has beenapproved and this will be paid to shareholders on 16 January 2013, therebybringing the total dividend in respect of the year ended 31 July 2012 to 20.0pence per ordinary share, representing an increase of 60% compared to the prioryear.

A pre-close Trading Update will be issued on Thursday 7 February following theconclusion of the six month trading period ending 31 January 2013.

As previously announced, I will be retiring as non-executive Chairman on 31January 2013 and would like to thank the Board, our employees and all connectedwith Bellway for their tremendous support throughout my 51 years of servicewith the Group."

For further information please contact from 2:30pm onwards either John Watson,Chief Executive or Keith Adey, Finance Director on:

07855 337 007 (John Watson) or 07837 188 643 (Keith Adey)