Conversion of Securities

FEEDBACK PLC                                  

                         - Changes in share capital -                          

Feedback PLC (the 'Company') announces that following the receipt of conversion
notices 2,400 10 per cent. (net) Convertible Redeemable Cumulative Preference
Shares of £1 have been converted into 12,000 Ordinary Shares of 10p each in the
Company.

The issued share capital of the Company following this conversion is 838,049 10
per cent. (net) Convertible Redeemable Cumulative Preference Shares and
12,045,846 Ordinary Shares.

11 November 2003