Director Shareholding

Future Network PLC 20 November 2001 Notification of Directors' Interests in Share Options The Future Network plc ('the Company') today announces that, on Monday 19 November 2001, it received notification that: John Bowman is beneficially interested in 400,000 shares in the Company pursuant to the terms of a share option granted to him by the Company on 19 November 2001, which option has an exercise price of 47 pence per share; Greg Ingham is beneficially interested in an additional 400,000 shares in the Company pursuant to the terms of a share option granted to him by the Company on 19 November 2001, which option has an exercise price of 47 pence per share; in aggregate. Greg Ingham is now beneficially interested in 621,197 shares of the Company by virtue of share options granted to him, which figure takes into account the adjustment made to all outstanding share options following the rights issue; Colin Morrison is beneficially interested in 400,000 shares in the Company pursuant to the terms of a share option granted to him by the Company on 19 November 2001, which option has an exercise price of 47 pence per share; and Patrick Taylor is beneficially interested in 100,000 shares in the Company pursuant to the terms of a share option granted to him by the Company on 19 November 2001, which option has an exercise price of 47 pence per share. The Company has also granted share options to a number of staff over a total of 3,916,000 ordinary shares of 1p each in the capital of the Company at an exercise price of 47 pence per share. All of the share options granted by the Company on 19 November 2001 are subject to performance criteria, in terms of which the total shareholder return of the Company, for a three year period from the date of grant, must be sufficient to place it in the top quartile of UK companies whose shares are listed in the Media and Photography sector of the London Share Service of the Financial Times newspaper. If the Company ranks in the second quartile of this comparator group then only one half of the options granted will vest and become exercisable. If the Company ranks below the 50th percentile of this comparator group, then none of the options will become exercisable. The Company plans to issue invitations to UK staff to apply for the grant of options in accordance with the Company's Sharesave Scheme and it is expected that invitations to eligible employees will be distributed during the next week. The Board has determined that the maximum number of scheme shares over which options may be granted in response to this issue of invitations will be 3,000,000 shares. Any share options granted pursuant to the Sharesave Scheme will not be subject to performance criteria. A further announcement concerning the number of share options granted under the Sharesave invitation will be made in due course. For further information, please contact: John Bowman / Nina Sparrow The Future Network plc 01225 442244 Rob Day, Company Secretary 0207 533 2988

Companies

Future (FUTR)
UK 100

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