Conversion of Securities

Feedback PLC
10 December 2001

                                 FEEDBACK PLC
                         - Changes in share capital -


Feedback PLC announces that following the receipt of a conversion notice 5,000
10 per cent. (net) Convertible Redeemable Cumulative Preference Shares of £1
have been converted into 25,000 Ordinary Shares of 10p each in the Company.

The issued share capital of the Company following this conversion is 863,182
10 per cent. (net) Convertible Redeemable Cumulative Preference Shares and
11,920,181 Ordinary Shares.


10 December 2001