Holding(s) in Company

Future Network PLC
22 January 2002




                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FUTURE NETWORK PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     JP MORGAN SECURITIES LIMITED
     JP MORGAN CHASE & CO

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

     NOTIFICATION RELATES TO SHAREHOLDERS IN 2 ABOVE

4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

     SEE BELOW

5)   Number of shares/amount of stock acquired.

      NOT SPECIFIED

6)   (NOT SPECIFIED) of issued Class

7)   Number of shares/amount of stock disposed

      NOT SPECIFIED

8)   (NOT SPECIFIED) of issued Class

9)   Class of security

     ORDINARY SHARES OF 1P EACH

10)  Date of transaction

     NOT SPECIFIED

11)  Date company informed

      18 JANUARY 2002

12)  Total holding following this notification

     34,218,334
               
13)  Total percentage holding of issued class following this notification

      10.73%

14)  Any additional information



15)  Name of contact and telephone number for queries

     JOHN BOWMAN OR NINA SPARROW
     
     TEL: [phone]

16)  Name and signature of authorised company official responsible for 
     making this notification   JOHN BOWMAN, GROUP FINANCE DIRECTOR 

     Date of Notification ....22 JANUARY 2002......


FUTURE NETWORK

J P Morgan Chase & Co's interest comprises the interest of the following 
subsidiaries:

FUTURE NETWORK (THE) ORD 1P

J P MORGAN FLEMINGS ASSET MANAGEMENT (UK)
(DISCRETIONARY INVESTMENT MANAGER)                                              

Registered Holder

CHASE NOMINEES LIMITED                                                   308,000
Detil Euro Digital Fund                                                1,175,031
FF Global Smaller Companies UK A/c 754                                    28,363
JP Morgan Fleming European Fund                                          268,933
JPMF Balanced Fund                                                       252,810
JPMF Life UK Equity Tracker Fund                                          24,281
JPMF Premier Equity Growth Fund                                        2,871,679
JPMF Premier Equity Income Fund                                        4,874,161
JPMF UK Dynamic Fund                                                   1,534,338
JPMF UK Smaller Companies Fund                                         5,694,190
JPMFF Europe Dynamic Fund (721)                                          157,683
JPMFF Europe Small Cap Fund A/c 759                                    4,621,803
JPMFF Europe Technology Fund A/c 798                                   4,706,751
OP Euro Growth Fund                                                      279,023
SAFE (Eurobolsa seleccion)                                               147,029
The Fleming Claverhouse Investment Trust plc                           1,354,698
The Fleming Smaller Companies Investment Trust plc                     3,307,464
                                                                      31,606,237

JP MORGAN FLEMING FUND MANAGEMENT LIMITED
(LIFE INSURANCE & PENSIONS)

Registered Holder

JPMF Institutional UK Smaller Companies Fund                           2,612,097
                                                                       2,612,097


TOTAL INTEREST 10.73%                                                 34,218,334


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