This appears to be the Debian bug which has been fixed:
http://bugs.debian.org/cgi-bin/bugreport.cgi?bug=477194
** Changed in: exim4 (Ubuntu)
Importance: Undecided => Medium
Status: New => Confirmed
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exim4 install fails with error: incompatible command-line options
https://bugs.launchpad.net/bugs/261026
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