Interim Management Statement

Future PLC
29 January 2008


                                       


                                   Future plc


                          Interim Management Statement


Future plc, the international special-interest media group, today publishes its
Interim Management Statement for the three months ended 31 December 2007, to
coincide with the date of the Annual General Meeting. Unless otherwise stated,
all comparisons are with the normalised results for the three months ended 31
December 2006 and all percentages shown are calculated in constant currency.
Normalised results for the prior period exclude revenues and costs of activities
closed or divested prior to 30 September 2007 (51 titles plus the disposal of
our previous French and Italian subsidiaries).

In respect of the three months ended 31 December 2007:

- the Group has achieved its EBITA budget for the first quarter and the Group 
continues to be strongly cash-generative.

- revenue of £40.6m for the quarter was down 1.5%, mainly due to project phasing 
of customer publishing revenues, which were down in the first quarter but are 
expected to show significant growth for the financial year as a whole.  71% of 
Group revenue was generated by the UK and 29% by the US.

- total advertising revenue increased by 1.6% while total circulation revenue 
declined by 0.6%.  A 28% increase in online advertising revenue more than offset 
a reduction of 3.4% in print advertising revenue.

- the Group's games business (including online) has delivered a solid performance 
in terms of revenues and profit contribution, and we are now publishing both the 
Official Nintendo title and the Official PlayStation magazine in the US, giving 
us all three Official titles on both sides of the Atlantic.

- the Group has continued to develop its online revenue streams.  Future's largest 
network of websites, GamesRadar, accounted for 32% of Group games advertising 
revenue, compared with 29% for the corresponding quarter last year.

- investment activity has continued as planned, and is up significantly year-on-year.  
The Group has launched MusicRadar and TechRadar online properties.   Together 
with GamesRadar and BikeRadar, these sites represent the major part of the Group's 
online activities, all of which are focused around sectors where we have strong 
existing print titles and therefore excellent commercial relationships.

- operating costs, overheads, interest costs, depreciation and capital expenditure 
are all running within their budgeted level.

Business Outlook

- as stated on 28 November 2007, the business outlook for 2008 will be influenced 
by a number of issues and revenues may be impacted by the state of consumer confidence 
in the UK and US.

- also as stated on 28 November 2007, the phasing of our EBITA in 2008 is expected 
to reflect both the intensity of investment in the first half and anticipated 
business activity levels in the second half.

Stevie Spring, Future Chief Executive commented:

'Although we continue to take a cautious view of our markets, the current financial 
year has begun satisfactorily and the Group's financial position is solid.  
Our strategy remains firmly on track.'

Future will provide a pre-close update during the last week of March and will 
announce its interim results (for the half year to 31 March 2008) on Friday 23 May 2008.



Enquiries:

Future:

Stevie Spring, Chief Executive                      Tel: [phone]

John Bowman, Group Finance Director                 Tel: [phone]

Vicky Bacon, Head of Group Communications           Tel: [phone]


Hogarth Partnership:

James Longfield / Ian Payne                         Tel: [phone]



About Future

Future plc is an international special-interest media group with offices in the 
UK and US.  Founded in 1985 with one magazine, today it creates over 180 
special-interest publications, websites and events, with strong portfolios in the 
games, technology, music, film and active sectors including sports, automotive 
and crafts.  Future exports, syndicates or licences its publications to 90 
countries internationally.  The Company employs more than 1.200 people and is 
listed on the London Stock Exchange (symbol FUTR).

Key performance indicators for the year ended 30 September 2007:

The table below sets out the key performance indicators published in the Annual 
Report 2007 (at page 15) for ease of reference.

                                                                          FY07
                                                                          Per
                                                                          Annual
Key performance indicators                                                Report 2007

Annual growth in revenue (normalised at constant currency)                Flat
EBITAE operating margin (as a %)                                          8.4%
Absolute EBITAE (in Sterling)                                             £14.0m
Change in adjusted earnings per share (as a %)                            + 14%

Number of magazines sold per month                                        4.0m
Proportion of magazines sold from total number printed                    See notes 1-3
Proportion of Group's business derived from our brands
compared with partnership publishing                                      79:21 
(note 4)

Number of unique users logging on to our websites per month               10m (note 5)
Growth in total advertising revenue (as a % at constant currency)         + 3%
Proportion of advertising revenue that is online (as a %)                 14%

Human Capital                                                             See note 6
Net bank debt                                                             £24.3m


Notes


 1. The majority of magazines printed by the Group are sold, and those unsold are
    mainly recycled and used for newspaper production. The precise proportion
    sold at newsstand is a detailed KPI each month for every title. However, the
    Group believes that it is commercially sensitive to disclose these
    percentages, since competitors typically do not release this information.
    Magazines printed for subscription have no wastage.
 2. In the UK 82% of magazines (by volume) are sold at newsstand. Our overall UK
    average newsstand efficiency improved in 2007 by 6% compared with 2006.
    Future has increased the proportion of magazine volume sales derived from
    subscription rather than newsstand, from 16% to 18%. The majority of UK
    revenues are derived from cover price.
 3. In the US 35% of magazines (by volume) are sold at newsstand. The majority
    are sold by subscription at heavily discounted prices, and the majority of
    magazine revenues are gained from advertising.
 4. Partnership publishing represented 21% of normalised 2007 Group revenue. This
    category includes business from our Official magazines published for
    Microsoft (Xbox 360 and Vista), Sony (PlayStation) and Nintendo, plus
    customer publishing activities. The majority of the Group's revenue is
    generated from our own brands.
 5. For each of our websites we know the number of page impressions and we know
    the number of unique visitors to that website. We do not know how many
    unique visitors visit more than one of our websites. The number presented
    here is the simple total of each website's average monthly number of unique
    visitors.
 6. Human Capital is the Group's most important resource, with 1,200 employees.
    In the running of our business, the most important focal point is the
    publisher responsible for each magazine and website. We focus on retention
    of key employees to drive our business. Equally, we believe in both
    refreshment of the team with new people and new ideas.








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