Acquisition

Future Network PLC 01 December 2004 1 December 2004 The Future Network plc Acquisition of What Laptop magazine The Future Network plc ('Future'), the international special-interest consumer magazine group, today announces that it has acquired the title and goodwill of What Laptop magazine, from its current owners, Crimson Publishing Limited for a total consideration of £0.65m in cash. What Laptop is the UK's leading portable computing monthly magazine with an ABC of 25,107. Launched in September 1999, the magazine quickly established itself as sector leader and has retained this position ever since. Turnover for the year ended 30 Sept 2004 for What Laptop magazine was £0.8m and the profit attributable to the assets being acquired was £0.2m. The business has five staff and is being acquired free of financial debt. The first issue published by Future will be the February 2005 issue, which goes on sale in January 2005. No major changes are planned for the title and Future anticipates that all of the existing team will move across with the magazine to Future's London offices. Commenting on the acquisition Greg Ingham, Chief Executive of The Future Network plc said: 'What Laptop is a great fit with our existing portfolio alongside titles such as PC Plus and PC Format in computing and indeed T3 in consumer electronics. There are great synergies between the readerships and advertising bases of these magazines and we believe that, by joining the UK's biggest technology magazine portfolio, we can help What Laptop magazine to build on its strong base.' Enquiries: The Future Network plc Greg Ingham, Chief Executive Tel: 01225 442244 John Bowman, Finance Director Tel: 01225 732281 Hogarth Partnership James Longfield/Georgina Briscoe Tel: 020 7357 9477 Notes to editors The Future Network plc was founded in the UK in 1985. Today, it publishes over 100 regular special-interest consumer magazines worldwide and is the fifth largest magazine publisher in the UK. Future employs around 1,100 people in offices in the UK, US, France and Italy. Over 100 international editions of Future's magazines are also published in 30 other countries across the world. The company is listed on the London Stock Exchange (symbol: FNET). This information is provided by RNS The company news service from the London Stock Exchange

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Future (FUTR)
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