Depends on what kind of exercise you're planning on doing, and how much it affects your blood sugar by. If exercise significantly affects your blood glucose (e.g. high intensity cardio is likely to do this), you'll need extra carbs for the exercise.
Unless you are trying to lose weight, it might be easier to have those extra carbs in addition to your other meals - you won't have to exercise on a full stomach and by sipping Lucozade (or juice, or sugar water, etc) throughout the exercise you can easily stop if you plans change (stop early if you're too exhausted - but you can also grab another bottle and keep going if you feel like it).