no, if you rewind it back to exposure 1 you'll risk damaging exposure 1 (and perhaps 2 and 3 as well). What you want to do is rewind it so that the film leader is sticking out (as it was when you first bought the roll of film), rather than rewinding the film all the way into the canister. If you have a manual-wind camera, you can do this by feel (you can feel when the film breaks free of the right spool and becomes loose, then it's safe to open the camera). If you have an automatic-winding camera, it may have a setting to leave the film leader out, which you will want to turn on. If you accidentally end up winding the leader back into the canister, there are devices you can get or make to fish it back out (a google search should produce good results).
edit: lol, poppicker beat me again!