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Future Network PLC (FUTR)

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Tuesday 26 November, 2002

Future Network PLC

Holding(s) in Company

Future Network PLC
26 November 2002

                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FUTURE NETWORK PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     J.P. MORGAN SECURITIES LIMITED
     J.P. 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 AND/OR ONE OR MORE OF ITS
     SUBSIDIARIES

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

     SEE SCHEDULE 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

     25 NOVEMBER 2002

12)  Total holding following this notification

     34,403,327
               
13)  Total percentage holding of issued class following this notification

     10.71%

14)  Any additional information



15)  Name of contact and telephone number for queries

     MARK MILLAR, COMPANY SECRETARY
     OR 
     NINA SPARROW, LEGAL PROJECTS CO-ORDINATOR
     TEL: 01225 442244

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification 26 NOVEMBER 2002..................


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

FUTURE NETWORK (THE) ORD 1p

J.P. MORGAN FLEMING ASSET MANAGEMENT (UK) LIMITED
(DISCRETIONARY INVESTMENT MANAGER)

Registered Holder

CHASE NOMINEES LIMITED                                            267,221
Detil Enro Digital Fund                                         2,926,828
JPMF Balanced Fund                                                176,667
JPMF Life Dedicated Fund 009-BP                                 1,748,360
JPMF Life UK Equity Tracker Fund                                    1,809
JPMF Life UK Smallcap Equity Fund                                 645,808
JPMF Premier Equity Income Fund                                 1,799,083
JPMF UK Dynamic Fund                                            3,717,437
JPMF UK Smaller Companies Fund                                  4,735,415
JPMFF Europe Small Cap Fund A/c 759                             3,699,036
JPMFF Europe Strategic Growth Fund A/c 799                        963,094
JPMFF Europe Technology Fund A/c 798                           10,998,121
OP Euro Growth Fund                                               186,112
SAFE (Eurobolsa seleccion)                                         70,133
The Fleming Claverhouse Investment Trust plc                      281,011
The Fleming Smaller Companies Investment Trust plc              2,187,192
                                                               ----------
                                                               34,403,327

TOTAL INTEREST 10.71%                                          34,403,327
====================                                           ==========

                      This information is provided by RNS
            The company news service from the London Stock Exchange