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Exel PLC (EXL)

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Tuesday 11 June, 2002

Exel PLC

Director Shareholding

Exel PLC
11 June 2002

                                  SCHEDULE 11


1)  Name of company

    Exel plc

2)  Name of director

    John 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)

    2 above

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

    On 10 June 2002 John Allan exercised awards made on 3.5.96, 6.8.97 and
    16.3.98 totalling 162,308 shares under the Company's performance-related
    Long Term Incentive Plan ("LTIP").  These LTIP awards became exercisable on
    3.5.00, 6.8.01 and 16.3.02 respectively.

    Of these 162,308 shares, John Allan sold 100,000 shares on 10 June 2002,
    primarily to fund the PAYE liability arising from the exercise of these
    LTIP awards.

    John Allan has retained 62,308 shares, thereby increasing his shareholding
    in the Company to 93,968 shares.

7)  Number of shares/amount of stock acquired


8)  Percentage of issued class


9)  Number of shares/amount
    of stock disposed


10) Percentage of issued class


11) Class of security

    Ordinary shares of 27 7/9p each

12) Price per share

    £8.828 per share

13) Date of transaction

    10 June 2002

14) Date company informed

    10 June 2002

15) Total holding following this notification


16) Total percentage holding of issued class following this notification

    0.032 %

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

    Doug Evans
    Company Secretary

    Tel: 01344 744453

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

    Doug Evans
    Company Secretary

    Date of Notification  11 June 2002

                      This information is provided by RNS
            The company news service from the London Stock Exchange