Conversion of Securities

Feedback PLC
5 December 2000


                                 FEEDBACK PLC                                 
                         - Changes in share capital -                         

Feedback PLC announces that following the receipt of a conversion notice
32,000 10 per cent. (net) Convertible Redeemable Cumulative Preference Shares
of £1 have been converted into 160,000 Ordinary Shares of 10p each in the
Company.

The issued share capital of the Company following this conversion is 885,064
10 per cent. (net) Convertible Redeemable Cumulative Preference Shares and
11,810,771 Ordinary Shares.

5 December 2000