SCHEDULE 5                                   
                                                                               
                        BLOCKLISTING SIX MONTHLY RETURN                        



1. Name of company

   Exel plc


2. Name of scheme

   Exel Savings Related Share Option Scheme 1992

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
 
   7,570 ordinary shares of 27 7/9p
 


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

   Nil


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

   7,570 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

   1,660,000 ordinary shares of 27 7/9p


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




END