UK distributon contract

Future Network PLC 4 January 2001 4 January 2001 THE FUTURE NETWORK PLC ANNOUNCES OUTSOURCING OF UK MAGAZINE DISTRIBUTION The Future Network plc (LSE:FNET), the specialist consumer magazines and websites publisher, today announces that its UK subsidiary, Future Publishing Limited, is to outsource UK magazine distribution to Seymour Distribution Limited with effect from 9 April 2001. Seymour, whose clients include Time Out, John Brown Publishing, Paragon Publishing, Egmont Fleetway and Dennis Publishing, has today signed a five-year distribution agreement with Future Publishing to represent Future's complete portfolio at both retail and wholesale. The appointment, which is expected to be cost neutral to Future in the short term, will give Future Publishing access to Seymour's specialist distribution skills and market-leading information systems. Future's decision to join forces with the distributor increases Seymour's market share to 14% of the total UK magazine market, giving Future the added benefits of a larger buying group at a time of significant uncertainty within the UK news trade supply chain. Seymour's annual retail sales value increases from £200m to £280m. Glenn McMillan, Seymour's Managing Director, says : 'There is no better way to start a new year than to secure such a prestigious publisher. This is in line with our goal of combining quality share, quality systems and quality people with an unrivalled commitment, and focus, to both publishers and the retail sector.' Sue Hartley, Future Publishing's Circulation Director, comments : 'For the past ten years we have controlled all distribution internally, but we now believe that Seymour, with its unique partnerships, market leading systems and undiluted retail focus, is best placed to fulfil our trade marketing objectives.' As part of the arrangement, Sue Hartley will join the Board of Seymour Distribution Limited as a Non-Executive Director. Future Publishing's export distribution and The Future Network's other subsidiaries are unaffected by this move. For more information: Greg Ingham, Chief Executive, The Future Network plc 01225 442244 Sue Hartley, Circulation Director, Future Publishing Ltd. 01225 442244 Glenn McMillan, Managing Director, Seymour Distribution Ltd. 0207 396 8000

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