Holding in Company

Future Network PLC
23 November 2000



                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

THE FUTURE NETWORK PLC


2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

MORGAN STANLEY SECURITIES LIMITED


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 THE SHAREHOLDER NAMED IN 2 ABOVE

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

MORGAN STANLEY SECURITIES LIMITED


5)   Number of shares/amount of stock acquired.

NIL


6)   ( NIL %) 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

23 NOVEMBER 2000


12)  Total holding following this notification

6,393,313 ORDINARY SHARES
               
              
13)  Total percentage holding of issued class following this notification

4.47%


14)  Any additional information



15)  Name of contact and telephone number for queries

ROB DAY
GROUP COUNSEL
THE FUTURE NETWORK PLC

TEL: [phone]


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

     Date of Notification .. 23 NOVEMBER 2000 ..