Trading Statement

Future Network PLC
15 May 2003



15 May 2003

                             THE FUTURE NETWORK PLC



                         AGM Statement: Trading Update



At today's Annual General Meeting of The Future Network plc, the international
specialist consumer magazine publisher, Chairman Roger Parry gave the following
update to shareholders.



I am pleased to report today that our Group has enjoyed encouraging trading
during the first quarter to 31 March 2003.



For the first three months of 2003, circulation revenue (which for 2002
accounted for 68% of Group revenues) grew by 8% compared with the same period
last year and advertising revenue rose by 6%.  Total Group revenue increased by
7% compared with the same period last year.



Total revenue performance by sector for the first quarter can be analysed as
follows:


Magazine sector             Year on year growth                       Proportion of group
                            revenue

Computer games              + 15%                                     46%
Computing                   + 1%                                      33%
Entertainment               + 1%                                      21%


Total Group                 + 7%                                      100%



Revenue increases have been achieved in each territory, with trading performance
in the US continuing to exceed our expectation.



Overall, the performance of the Group's magazine portfolio continues to show
progress, with both revenues and operating profit ahead of last year by the end
of the first quarter.



First quarter trading was encouraging, despite international and economic
uncertainty.  Shareholders are reminded of the importance of the second half of
the year, particularly the fourth quarter.  The Group's results for the
half-year to 30 June 2003 are expected to be announced on Tuesday 16 September
2003.



Enquiries:

The Future Network plc

Greg Ingham, Chief Executive                       Tel: [phone]

John Bowman, Finance Director


Hogarth Partnership

James Longfield/Georgina Briscoe                   Tel: [phone]






                      This information is provided by RNS
            The company news service from the London Stock Exchange