This paper is devoted to exceptional values of meromorphic functions and of their derivatives on annuli. Some facts on exceptional values for meromorphic functions in the complex plane which were established by Singh, Gopalakrishna and Bhoosnurmath [Math. Ann. 191 (1971), 121-142, and Ann. Polon. Math. 35 (1977/78), 99-105] will be considered on annuli.