FNET Future

RNS Number:3597N
Future Network PLC
19 November 2001


19 November 2001


THE FUTURE NETWORK plc

Notification of Admission to Listing of 1,049,998 New Ordinary Shares


As previously notified to shareholders in the prospectus dated 28 September
2001, (the "Prospectus") The Future Network plc (LSE: FNET) has issued
238,636, 334,090 and 477,272 New Ordinary Shares of 1 pence each to The Royal
Bank of Scotland Plc, Fleet National Bank and Scotiabank Europe Plc
respectively on 15 November 2001.  These shares are being issued in
satisfaction of fees in the amount of #52,500, #73,500 and #105,000 due to The
Royal Bank of Scotland Plc, Fleet National Bank and Scotiabank Europe Plc
respectively, pursuant to an Up Front Fee Letter ("the Fee Letter"), dated 27
September 2001, between BNP Paribas and The Future Network plc.  The Fee
Letter was entered into in respect of a Fourth Amendment and Restatement
Agreement relating to a Facility Agreement dated 17 June 1999.  In accordance
with the lock-up provision of the Fee Letter, the banks agree that for a
period of three calendar months, commencing on the date when the shares are
issued, they will not deal in those shares.  As not all banks in the syndicate
elected to take shares in lieu of fees, the number of New Ordinary Shares
issued, being 1,049,998 New Ordinary Shares, is less than the maximum
2,386,363 New Ordinary Shares which could have been issued to the banks, as
referred to in the Prospectus.

The shares are being issued to the banks, fully paid, at a price of 22 pence
per share.  Application has been made for the 1,049,998 New Ordinary Shares to
be admitted to the Official List and to trading on London Stock Exchange.
Admission of the 1,049,998 New Ordinary Shares to the Official List and to
trading on the London Stock Exchange's market for listed securities will take
place on 21 November 2001.


                                    -Ends-

For further information please contact:

Rob Day

Company Secretary                                     020 7533 2988

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