FNET Future

RNS Number:5533M
Future Network PLC
2 November 2001

 
             Notification of Substantial Interest in Shares

The Future Network plc received notification on 31 October 2001 that Morgan 
Stanley Dean Witter & Co was interested in 35,639,148 ordinary shares of 1p each
in the capital of The Future Network plc, representing an interest in 24.65% of 
the relevant share capital of The Future Network plc.  The interests in shares 
notified to the Company include a security interest in 32,655,538 shares granted
to Morgan Stanley & Co. Inc in connection with a loan, repayable on demand, made
on 28 and 29 February 2000.

The Future Network plc announced on 16 May 2001 that it had received 
notification that Morgan Stanley Dean Witter & Co held a notifiable interest in 
36,692,578 ordinary shares of The Future Network plc. On the basis of the issued
share capital of The Future Network plc at that time, this interest represented 
26.5% of such relevant share capital.

For more information:

Michael Penington, Interim Finance Director 
The Future Network plc                               01225 788175
 

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