1.EXE is an extension used for executable files while DLL is the extension for a dynamic link library. 2.An EXE file can be run independently while a DLL is used by other applications. 3.An EXE file defines an entry point while a DLL does not. 4.A DLL file can be reused by other applications while an EXE cannot. 5.A DLL would share the same process and memory space of the calling application while an EXE creates its separate process and memory space.