FNET Future

RNS Number:6544A
Future Network PLC
19 March 2001



PRESS INFORMATION



19th March 2001





                 FUTURE NETWORK STRENGTHENS MANAGEMENT TEAM



The Future Network Plc, the international specialist magazine publisher, today
announces the strengthening of its board and management team, as follows.



*        Colin Morrison, Future's Deputy Chief Executive, assumes the position
of Chief Operating Officer, with direct responsibility for Future's UK and
European businesses, for international licensing, and for strengthening Group
operating procedures. He will continue to report to Chief Executive Greg
Ingham;



*        Non-executive Board Member Michael Penington is to become Interim
Finance Director, pending recruitment of a full-time replacement for Ian
Linkins who steps down in April to become Group Finance Manager;



*        Roger Parry, a non-executive Director of Future since its flotation,
becomes Deputy Chairman, and takes over PLC and governance responsibilities of
the Board, freeing up Future's founder Chris Anderson to focus on group
strategy as non-executive Chairman.



Chris Anderson, Chairman of Future, commented: "Future's clear goal for 2001
and 2002 is to restore the company to positive cashflow by the resolute focus
on our core business.  Greg and Colin are the team to achieve this, and will
allow me to focus on the area where I can add most value: helping to figure
out low-cost ways to open up new profit streams for Future within our core
markets.  With the exception of last year, Future has an exceptional track
record in this regard, and now that the bubble economy of 2000 is behind us, I
look forward to helping reinvigorate that process.



"I am also delighted that Roger and Michael have agreed to take on new
responsibilities for Future.  Both have been extraordinarily valuable over the
past months as Board Directors, and these new roles are exactly what Future
now needs.



''Finally I would like to pay tribute to Ian Linkins who has decided to step
down from April.  Ian has taken the lion's share of the pressure resulting
from Future's woes of 2000, and I fully understand his desire to move on to
another senior role within the company.   Ian has worked tirelessly for Future
during the past decade, and played an absolutely essential role in helping the
company grow from tiny roots to its current public company, multi-country
status."



Roger Parry, Deputy Chairman of Future, added: " Future is a very young
company which has gone through substantial growing pains since it floated, at
the height on the internet boom, in June 1999.  The slump in the very markets
in which Future had made its key investments has created problems, but I am
confident that the company has learned from these problems."





For further information:



The Future Network plc                                Tel: 01225 442244



Greg Ingham, Chief Executive
Colin Morrison, Chief Operating Officer
Ian Linkins, Finance Director



James Longfield/Georgina Briscoe                        Tel: 020 7357 9477
Hogarth Partnership

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