FNET Future

RNS Number:2021G
Future Network PLC
2 July 2001





2 July 2001



                                    RESULT OF EGM



The Future Network plc (LSE: FNET) today announces that, following the
extraordinary general meeting of shareholders convened and held on 2 July
2001, it has obtained shareholder approval to the disposal of its magazine
title "Business 2.0" to eCompany Now Inc, a wholly owned subsidiary of AOL
Time Warner Inc.



42,885,267 million votes were cast in favour of the resolution permitting the
disposal, and 5,120 votes were cast against the resolution.



In summary, the initial consideration for the disposal of the magazine title "
Business 2.0", its global brand and related conference and online activities
is $68 million (#48.8 million) payable in cash, plus additional consideration
dependent of financial performance through to the end of 2006.



Completion of the disposal of Business2.0 is conditional upon, amongst other
matters, the expiry of the applicable waiting periods under the Hart Scott
Rodino Antitrust Improvements Act of 1976.  The Board of Future expect that
such waiting period will expire at 11:59pm (Eastern Daylight Time) on 11 July
2001 unless the reviewing U.S. governmental agencies issue a request for
additional documentary material related to the transaction, or the
governmental agencies terminate the waiting period prior thereto.



For further information:



The Future Network plc



Greg Ingham, Chief Executive        01225 442244



Hogarth Partnership


James Longfield/Georgina Briscoe    020 7357 9477

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