Disposal

Future PLC 29 November 2006 29 November 2006 Future plc Disposal of Future Media Italy S.p.A Future plc ('Future'), the international special-interest media group, today announces that it has agreed to dispose of the entire issued share capital of Future Media Italy S.p.A ('Future Media Italy') to Sprea Editori S.p.A ('Sprea') and Mr Bernardo Notarangelo, for a cash consideration of Euro 1,100,000, payable in cash upon completion. There are no conditions precedents to completion, which is expected in early December 2006. Bernardo Notorangelo will continue to act as managing director of Future Media Italy. Future Media Italy publishes 13 monthly magazines and employs 89 staff. Revenue for Future Media Italy for the year ended 30 September 2006 was €19.4 m and EBITAE profits were €0.2m. As at 30 September 2006, the gross assets of Future Media Italy were €6.0m. Future has agreed to continue licensing eight of its titles to Future Media Italy on broadly the same terms as at present. The disposal proceeds will be used to reduce the level of bank debt. Enquiries: Future plc Stevie Spring, Chief Executive Tel: 020 7042 4007 John Bowman, Group Finance Director: Tel: 020 7042 4031 Hogarth Partnership James Longfield/Georgina Briscoe Tel: 020 7357 9477 This information is provided by RNS The company news service from the London Stock Exchange

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Future (FUTR)
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