Acquisition Approval

Future PLC 16 June 2005 16 June 2005 FUTURE PLC Acquisition of 38 magazines and related businesses from Highbury Future plc ('Future'), the international special interest consumer magazine group, notes today's announcement by Highbury House Communications plc that Highbury shareholders have approved the resolution relating to the proposed sale of 38 magazine titles and related businesses to Future at today's EGM. This was the last outstanding condition relating to the transaction and accordingly the transaction should be completed next Tuesday, 21 June 2005. The titles being acquired (list attached) include Fast Car, Fast Bikes, DJ, DVD Review, the What Video group of magazines and Highbury's puzzle magazines. Additionally, the deal includes Highbury's US business which publishes five magazines. Highbury management accounts for the year ended 31 December 2004 show that: (a) the assets being acquired generated unaudited aggregated turnover of approximately £34.1 million; (b) the unaudited aggregated profit (before interest, taxation and amortisation) attributable to these assets was approximately £5.3 million; and (c) the unaudited aggregated net assets relating to the transaction were estimated at £20.1 million of which approximately £18.4 million related to intangible publishing rights. None of the titles being acquired is a games title. As a result of this deal, the estimated split of the Group's revenues is likely to become Games 38%; Entertainment 34%; and Computing 28%. Commenting on the acquisition, Greg Ingham, Future's Chief Executive, said: 'We're really pleased that Highbury's shareholders have approved Future's acquisition of these magazines. They'll be fine additions to our burgeoning portfolio and we're looking forward to welcoming the people working on them to Future next week. 'We celebrate our 20th anniversary this month and are confident that our business is in good shape. These are exciting times for Future.' Enquiries: Future plc Greg Ingham, Chief Executive Tel: 01225 442244 John Bowman, Finance Director Hogarth Partnership James Longfield/Georgina Briscoe Tel: 020 7357 9477 Notes for Editors/ UK titles being acquired by Future: Arrows Classics Crossword Digital Video DJ Monthly DVD Review Fast Bikes Fast Car (including The Guide) First on Video Health and Fitness Home Cinema Choice Home Entertainment Week Jumbo Cross Jumbo Cross Collection Logical Challenge Logical Challenge Collection Pixel IT Pregnancy Pro Cycling (Puzzle) Codewords Puzzle Monthly Puzzle Monthly Collection Spin Tea Break Quickie Tea Break Quickie Collection Timecode Total Mobile What Digital Camcorder What Home Cinema What Plasma What Satellite and Digital TV What Video and Widescreen Entertainment Word Fit Wordspy US titles being acquired by Future: Do! Decorating Spaces Men's Edge Pregnancy Women's Health & Fitness About Future Future plc was founded in the UK in 1985. Today, it publishes over 100 special-interest consumer magazines worldwide with strong portfolios in the computing, games, music, sports, motoring, crafts and leisure sectors. Future employs 1,200 people in offices in the UK, US, France and Italy. Over 100 international editions of Future's magazines are also published under licence in 30 other countries across the world. The company is listed on the London Stock Exchange (symbol FUTR). This information is provided by RNS The company news service from the London Stock Exchange MIBBPA

Companies

Future (FUTR)
UK 100

Latest directors dealings