SCHEDULE 5                                   
                                                                               
                        BLOCKLISTING SIX MONTHLY RETURN                        



1. Name of company

   Exel plc


2. Name of scheme

   Executive Share Option Schemes 1984 and 1994


3. Period of return

   From 01/07/02 to 31/12/02


4. Number and class of shares(s)(amount of stock/debt security) not issued
under scheme
 
   318,450 ordinary shares of 27 7/9p


5. Number of shares issued/allotted under scheme during period

   43,870 ordinary shares of 27 7/9p


6. Balance under scheme not yet issued/allotted at end of period

   274,580 ordinary shares of 27 7/9p


7. Number and class of share(s) amount of stock/debt securities) originally
listed and the date of admission

  728,744 ordinary shares of 27 7/9p (listed (9/5/00)
  222,222 ordinary shares of 27 7/9p (listed 10/6/02)


8. Please confirm total number of shares in issue at the end of the period
in order for us to update our records

   297,945,464 ordinary shares of 27 7/9p


Contact for queries:   

Stephanie Coffey, Deputy Company Secretary

Telephone:  +44 1344 744443

Date:  31 March 2003





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