EXCHANGE NOTICE 33/2006, 2 FEBRUARY 2006  SHARES

EXEL PLC: SHARES SUBSCRIBED WITH WARRANTS

A total of 71 000 Exel Plc's shares have been subscribed
with the Exel Plc's A and B warrants attached to the
warrant programme 2001. The shares will be traded on the
Helsinki Stock Exchange as old shares as of 3 February
2006.

Identifiers of Exel Plc's share:


Trading code:                 EXL1V
ISIN code:                    FI0009007306
Orderbook id:                 24265
Number of shares:             11 569 900


HELSINKI STOCK EXCHANGE
Janne Seppänen
Vice President Surveillance Finland