SCHEDULE 11                                  
                                                                               
         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS          

1)  Name of company

    Exel plc

2)  Name of director

    David Riddle


3)  Please state whether notification indicates that it is in respect of the
    holding of the shareholder named in 2 above or in respect of a non-

    beneficial interest or in the case of an individual holder if it is a

    holding of that person's spouse or children under the age of 18 or in

    respect of a non-beneficial interest

See 6) below.
   
4)  Name of the registered holder(s) and, if more than one holder, the
    number of shares held by each of them (if notified)

See 6) below.
   

5)  Please state whether notification relates to a person(s) connected with the

    Director named in 2 above and identify the connected person(s)

See 6) below.
   
6)  Please state the nature of the transaction. For PEP transactions please

indicate whether general/single co PEP and if discretionary/non

discretionary

    a) On 1 April 2003, David Riddle, Director of Exel plc, transferred 550

   shares registered in the name of HSDL Nominees Ltd to Hilary Riddle, his

   wife.

b) Mrs Riddle sold 540 shares on 1 April 2003 at a price of �5.6116 per   

   share.

c) Mrs Riddle subsequently bought 530 shares at a price of �5.6234 per

   share.  These 530 shares will be held in an ISA on behalf of Mrs H Riddle

   under the registered name HSDL Nominees Ltd]. 

7)  Number of shares/amount of stock acquired

    Nil

8)  Percentage of issued class

Not applicable


9)  Number of shares/amount of stock disposed

    10 shares as a result of the transactions described in 6)a) to c) above.


10) Percentage of issued class

Less than 0.00001%

11) Class of security

Ordinary shares of 27 7/9p each

12) Price per share

     In relation to 6)b) above, 540 shares were sold at �5.6116 per share and

530 shares were purchased at �5.6234 per share.

13) Date of transaction

    1 April 2003

14) Date company informed

    1 April 2003

15) Total holding following this notification

    69,236 shares

16) Total percentage holding of issued class following this notification

    0.023 %

If a director has been granted options by the company please complete the
following boxes

17) Date of grant

    Not applicable

18) Period during which or date on which exercisable

    Not applicable

19) Total amount paid (if any) for grant of the option

    Not applicable

20) Description of shares or debentures involved: class, number

    Not applicable

21) Exercise price (if fixed at time of grant) or indication that price
    is to be fixed at time of exercise

    Not applicable

22) Total number of shares or debentures over which options held
    following this notification

    Not applicable

23) Any additional information

    Not applicable

24) Name of contact and telephone number for queries

    Stephanie Coffey

    Deputy Company Secretary

Tel: 01344 744443


25) Name and signature of authorised company official responsible for
    making this notification

    Stephanie Coffey

    Deputy Company Secretary

    Date of Notification:  2 April 2003



END