Changes in Share Capital - Conversion of Shares

Feedback PLC
27 January 2000


                                 Feedback PLC                                 
                         - Changes in share capital -                         

Feedback announces that following the receipt of a conversion notice 1,000 10
per cent. (net) Convertible Redeemable Cumulative Preference Shares of £1 have
been converted into 5,000 Ordinary Shares of 10p each in the Company.

The issued share capital of the Company following this conversion is 986,283
10 per cent. (net) Convertible Redeemable Cumulative Preference Shares and
11,291,421 Ordinary Shares.