SCHEDULE 5                                   
                                                                               
                        BLOCKLISTING SIX MONTHLY RETURN                        



1. Name of company

    Exel plc


2. Name of scheme

   Exel (formerly NFC) 1996 Savings Related Share Option Scheme


3. Period of return

   From 10/06/02 to 31/12/02


4. Number and class of shares(s)(amount of stock/debt security) not issued
under scheme
 
   224,719 ordinary shares of 27 7/9p


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

   11,821 ordinary shares of 27 7/9p



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

   212,898 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

   224,719 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:  

Name: Stephanie Coffey, Deputy Company Secretary


Telephone:  +44 1344 744443

Date: 31 March 2003




END