Director Shareholding

    SCHEDULE 11                                  
                                                                               
         NOTIFICATION OF INTERESTS OF DIRECTORS AND CONNECTED PERSONS          

1)  Name of company

    Exel plc

2)  Name of director

    John Murray Allan


3)  Please state whether notification indicates that it is in respect of
    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

    2 above

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

    John Murray Allan



5)  Please state whether notification relates to a person(s) connected
    with the Director named in 2 above and identify the connected person(s)

    Not applicable.

6)  Please state the nature of the transaction. For PEP transactions
    please indicate whether general/single co PEP and if discretionary/non
    discretionary

    On 25 June 2003, John Allan, Director of Exel plc, donated 2,400 of his

ordinary shares of 27 7/9p to the University of Edinburgh Development Trust. 

 

7)  Number of shares/amount of stock acquired

    Not applicable

8)  Percentage of issued class

    Not applicable

9)  Number of shares/amount
    of stock disposed

    2,400 shares

10) Percentage of issued class

    0.0008%

11) Class of security

    Ordinary shares of 27 7/9p each

12) Price per share

    Not applicable

13) Date of transaction

    25 June 2003

 

14) Date company informed

    25 June 2003

15) Total holding following this notification

    181,034 shares

16) Total percentage holding of issued class following this notification

    0.061 %

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: [phone]


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

    Stephanie Coffey

    Deputy Company Secretary

 

    Date of Notification 26 June 2003



END