Acquisition of Polish PC Magazine Publisher

Future Network PLC 26 April 2000 FUTURE EXPANDS INTERNATIONAL NETWORK TO POLAND Future to acquire leading Polish PC magazine publisher Future Network plc (LSE: FNET), the international specialist consumer magazine and online publisher, today announces that it has entered into an agreement to acquire Silver Shark Sp z.o.o., a privately owned Polish publishing company and the publisher of Poland's leading PC magazine. Completion is subject to approval from the Polish Office for Competition and Consumer Protection, which is expected in four to six weeks time. Silver Shark Sp z.o.o. currently publishes three monthly and two bi- monthly magazines and a number of one-off specials aimed at the PC and computer games market. Its largest publication is CD Action, which had a monthly circulation of 148,000 in March - up 70% year-on-year, and is Poland's market-leading PC magazine. In October 1999, the magazine's content was extended to include additional material licensed from Future's PC Format, PC Guide and PC Answers. The company's two other monthly magazine are Action Plus, a tips & tactics brand extension to CD Action with a current circulation of 25,000, and the Polish edition of .net magazine, Future's leading UK Internet magazine, which was launched last month. Silver Shark is based in Wroclaw in south-west Poland and currently employs over 30 staff. Turnover for 1999 was £2.84 million and is predicted to be in excess of £4 million for 2000. The chairman and founder of the company, Witold Zagrodny, will remain with the business and the company will change its name to Future Publishing, Poland. Commenting on the acquisition, Greg Ingham, Chief Executive of Future said: 'We are delighted to have added this excellent business to The Future Network, which continues our strategy of entering key international markets. In addition to establishing Future as the market leader in Poland, the acquisition offers further exciting opportunities for launching other magazines and Internet publishing activities in Poland and neighbouring Eastern European markets. 'Silver Shark is a smart, entrepreneurial, fast-growing company. It has great potential and we're really looking forward to working with Witold and his team in developing the business, building on the relationship we've established through our licensing agreements.' Poland is one of Europe's fastest-growing markets for PC penetration (25% PC usage, population of 38.6m) and Internet usage has increased dramatically over the past year (April 1999 - 700,000 users; Jan 2000 - 2,000,000 users: Nua Surveys). This growth has been achieved despite relatively expensive call charges. Poland is also the fastest growing economy of all ex Eastern bloc countries, with a 50% increase in GDP since 1990 and average annual growth over the past four years of 6%. For more information: Greg Ingham, Chief Executive Tel: 01225 442244 The Future Network plc James Longfield/Harriet Keen Tel: 020 7357 9477 Hogarth Partnership Background on The Future Network Future was founded in the UK in 1985. Today it publishes over 120 magazines worldwide and has extensive online activities attracting the attention of 4.6 million unique visitors and generating over 58 million page views per month. It is the world's fastest growing major publisher; the leading publisher of video games and home computing magazines in the UK, France, Italy, Poland and the US; and, ranks as the fourth largest magazine publisher in the UK. Future employs over 1,500 people in offices in Bath, London, San Francisco, New York, Paris, Milan, Munich, Rotterdam and Wroclaw. Future was floated on the London Stock Exchange in June 1999 and has a current market capitalisation of over £1 billion. Future's internet activities serve the PC, Mac, Games, Music and Football communities in the US and the UK with fast-growing sites like maximumpc.com, maximumpc.co.uk, macdaily.com, dailyradar.com, intermusic.com, and ufn.co.uk. Future's websites and web networks provide rich, community- and information-based services to people in these and related markets worldwide.

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