Changes in Share Capital

Feedback PLC
7 January 2000



                                 FEEDBACK PLC                                 
                         - Changes in share capital -                         

Feedback PLC announces that following the receipt of a conversion notice 2,000
10 per cent. (net) Convertible Redeemable Cumulative Preference Shares of £1
have been converted into 10,000 Ordinary Shares of 10p each in the Company.

The issued share capital of the Company following this conversion is 987,283
10 per cent. (net) Convertible Redeemable Cumulative Preference Shares and
11,286,421 Ordinary Shares.

7th January 2000