Interest in Shares

Future Network PLC 22 October 2002 22 October 2002 THE FUTURE NETWORK PLC Notification of Directors' Interests in Shares The Future Network plc, the international specialist consumer magazine publisher, announces that it received notification on 22 October 2002 that Greg Ingham, Chief Executive, has today exercised an option to acquire 317,826 existing shares in the capital of the Company at a nil consideration. This results in 317,826 shares being transferred to Mr Ingham from an escrow agent appointed by certain institutional investors in June 1999 pursuant to the terms of a Purchase Option Deed. Details of this Purchase Option Deed are summarised on pages 57 and 58 of the Company's Annual Report 2001 and, following this exercise, there are no other shares remaining to be exercised under the terms of the Deed. The exercise triggers an immediate liability on Mr Ingham in respect of income tax. Mr Ingham's wife, Jane Ingham, has today sold 367,000 shares in the Capital of the Company at a price of 50 pence per 1p ordinary share. Following these transactions, Greg Ingham is the beneficial holder of 3,327,627 shares and Jane Ingham, his spouse, is the beneficial holder of the balance 1,024,644 shares. Greg Ingham's holding in the Company is therefore deemed to be 4,352,271 shares, representing 1.36% of the Company's issued share capital. Enquiries: The Future Network plc Tel: 01225 442244 John Bowman, Finance Director Mark Millar, Company Secretary Hogarth Partnership Tel: 020 7357 9477 James Longfield/Georgina Briscoe This information is provided by RNS The company news service from the London Stock Exchange

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Future (FUTR)
UK 100

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