Conversion of Securities

Feedback PLC
09 May 2003

                                  FEEDBACK PLC

                          - Changes in share capital -



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



The issued share capital of the Company following this conversion is 861,182 10
per cent. (net) Convertible Redeemable Cumulative Preference Shares and
11,930,181 Ordinary Shares.



09 May 2003


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