HSE: EXEL PLC: SPLIT (1:2)

EXCHANGE NOTICE 164/2005, 20 April 2005  SHARES

EXEL PLC: SPLIT (1:2)

Split (1:2) of Exel Plc's shares will be valid in the
Helsinki Stock Exchange’s SAXESS system as of 22 April
2005.

The splitted shares will be traded on the Helsinki Stock
Exchange as of 22 April 2005.

There will be no After market trading II with the shares
of Exel Plc on Friday morning 22 April 2005.


Identifiers of Exel Plc's share:

Trading code:                       EXL1V
ISIN code:                          FI0009007306
Orderbook id:                       24265
Number of shares after split:       11 230 000
Valid in trading:                   22 April 2005


Presuming that the shares have been entered in the
Finnish Trade register on 21 April 2005.


HELSINKI STOCK EXCHANGE
Janne Seppänen
Vice President Surveillance Finland