An exhaust turbocharger with a variable-nozzle mechanism in which a driving force of an actuator is transmitted via a drive ring to nozzle vanes supported for rotation by a nozzle mount to vary an angle of a blade of the nozzle vanes, wherein said variable-nozzle mechanism is arranged such that a nozzle plate having an annular shape is connected to said nozzle mount by means of a plurality of nozzle supports located circumferentially between the nozzle vanes, and said drive ring is provided at a side of the nozzle mount opposite to the nozzle vanes in an axial direction of the turbocharger so that an axial position of said drive ring is restricted by thrust bearing elements attached to said nozzle mount, the variable-nozzle mechanism being constructed as a variable-nozzle mechanism assembly, the variable-nozzle mechanism assembly is mounted to a bearing housing by centering location with an inner circumferential face of the nozzle mount to determine a radial position thereof, a turbine casing is mounted to the nozzle mount by centering location with an outer circumferential face of the nozzle mount, and an axial position of the variable-nozzle mechanism assembly is defined between the bearing housing and turbine casing by respective side parts, the variable-nozzle mechanism being able to be incorporated to or removed from the turbocharger.