TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB0000904986

Issuer Name

BELLWAY P L C

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Polaris Capital Management LLC

City of registered office (if applicable)

Boston

Country of registered office (if applicable)

USA

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached

13-Dec-2022

6. Date on which Issuer notified

14-Dec-2022

7. Total positions of person(s) subject to the notification obligation

. % of voting % of voting Total of both in Total number of rights attached rights through % (8.A + 8.B) voting rights to shares financial held in issuer (total of 8.A) instruments (total of 8.B 1 + 8.B 2) Resulting 3.788800 0.000000 3.788800 4678721 situation on the date on which threshold was crossed or reached Position of 4.092400 0.000000 4.092400 previous notification (if applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of Number of direct Number of % of direct % of indirect shares ISIN code voting rights indirect voting voting rights voting rights (if possible) (DTR5.1) rights (DTR5.2.1) (DTR5.1) (DTR5.2.1) GB0000904986 4678721 3.788800 Sub Total 8.A 4678721 3.788800%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

Type of Expiration Exercise/conversion Number of voting % of voting financial date period rights that may be rights instrument acquired if the instrument is exercised/converted Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

Type of Expiration Exercise/conversion Physical or Number of % of voting financial date period cash voting rights rights instrument settlement Sub Total 8.B2

9. Information in relation to the person subject to the notification obligation

1. Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

Ultimate Name of % of voting rights % of voting rights Total of both if controlling controlled if it equals or is through financial it equals or is person undertaking higher than the instruments if it higher than the notifiable equals or is notifiable threshold higher than the threshold notifiable threshold

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion

14-Dec-2022

13. Place Of Completion

Boston, MA USA

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