Holding(s) in Company

21st Dec 2010 16:35

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are

Bellway PLC attached:

2 Reason for the notification (yes/no): An acquisition or disposal of voting rights

YES

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 the Polaris Capital Management, LLC notification obligation:

4. Full name of shareholder(s)

(if different from 3.):

5. Date of the transaction and date on which the threshold is crossed or

29/11/10 reached:

6. Date on which issuer notified: 21/12/10 7. Threshold(s) that is/are crossed or

4% reached: 8. Notified details:

A: Voting rights attached to shares Class/type of Situation previous Resulting situation after the triggering transaction shares to the triggering transaction if possible Number Number Number Number of voting % of voting rights x using of of of shares rights the ISIN CODE Shares Voting Rights Direct Direct xi Indirect Direct Indirect xii ORDINARY GB 0000904986 4,675,259 4,897,018 4.0526%

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 xiv rights that may be rights acquired if the instrument is exercised/ converted. n/a C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial Exercise Expiration Exercise/ Number of voting rights % of voting rights instrument price date xvii Conversion instrument refers to period xviii Nominal Delta n/a Total (A+B+C) Number of voting rights Percentage of voting rights 4,897,018 4.0526%

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: Polaris Capital Management LLC

11. Number of voting rights proxy holder will cease

N/Ato hold:

12. Date on which proxy holder will cease to hold

N/Avoting rights: 13. Additional information: Kevin Wrightson14. Contact name: 0191 217 0717

15. Contact telephone number:

For notes on how to complete form TR-1 please see the FSA website.

vendor

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Related Shares:

Bellway