Rule 8.3 - EXEL

Rule 8.3 announcements issued between 9 and 18 November 2005 inclusive showed
incorrect Long and Short Relevant Securities positions as Stock Borrowing and
Lending figures had been incorrectly included in the totals.

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing  (Note 1)        BARCLAYS PLC

Company dealt in                        EXEL PLC
Class of relevant security to which     ORD GBX 27.777777
the dealings being disclosed relate
(Note 2)
Date of dealing                         18 NOVEMBER 2005



2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                                          Long                                Short

                              Number                   (%)         Number                   (%)

(1) Relevant securities    10,667,374   (3.61%)                    30,405                 (0.01%)

(2) Derivatives (other        8,273     (0.00%)
than options)

(3) Options and                                                   500,000                 (0.17%)
agreements to
purchase/sell

Total                      10,675,647   (3.61%)                   530,405                 (0.17%)


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of relevant                        Long                                 Short
security:

                          Number                   (%)         Number                   (%)

(1) Relevant securities

(2)  Derivatives  (other
than options)

(3) Options and
agreements to
purchase/sell

Total


(c)  Rights to subscribe (Note 3)

Class of relevant security:             Details





3.   DEALINGS (Note 4)

(a)  Purchases and sales

Purchase/sale                   Number of securities              Price per unit (GBP)

Purchase                        10,170                            Transfer
Sale                            1,500                             12.1405
Sale                            700                               12.1406
Sale                            418                               12.1522
Sale                            2,045                             12.1566
Sale                            879                               12.1600
Sale                            3,345                             12.1911
Sale                            14,835                            12.2000
Sale                            2,812                             12.2011
Sale                            1,500                             12.2154



(b)  Derivatives transactions (other than options)

Product name,     Long/short (Note 6)     Number of securities (Note 7)   Price per unit (GBP)
e.g. CFD





(c)  Options transactions in respect of existing securities

(i)  Writing, selling, purchasing or varying

Product name,  Writing,         Number of         Exercise Type, e.g.      Expiry  Option money
e.g. call      selling,         securities to     price    American,       date    paid/received
option         purchasing,      which the option           European etc.           per unit (Note
               varying etc.     relates (Note 7)                                   5)



(ii) Exercising

Product name, e.g. call option   Number of securities           Exercise price per unit (Note 5)






(d)  Other dealings (including new securities) (Note 4)


Nature of transaction (Note 8)        Details                      Price per unit (if applicable)
                                                                   (Note 5)





4.   OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the person disclosing and any
other person relating to the voting rights of any relevant securities under any option referred to
on this form or relating to the voting rights or future acquisition or disposal of any relevant
securities to which any derivative referred to on this form is referenced.  If none, this should be
stated.





Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                                       21 NOVEMBER 2005
Contact name                                             BARCLAYS CORPORATE SECRETARIAT
Telephone number                                         020 7116 2913
If a connected EFM, name of offeree/offeror with which
connected
If a connected EFM, state nature of connection (Note
10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk