Do not remove tags from excerpt.

HI,

I am using Magazine Basic theme and love it. I do however would like for the excerpt to not be modified. I have a 3 pointer list for each of my products which I want to display in the Excerpt underneath each other, but currently, all tags are being ripped out and my 3 pointer list is being displayed in one line. Example:

(This is how I want it)
1. Color is red.
2. Size is large.
3. Made from steel.

(Excerpt is displaying it as)
1. Color is red. 2. Size is large. 3. Made from steel.

Where can I tell it to not strip the html tags out?

Thanks