FNET Future

RNS Number:4128N
Future Network PLC
20 November 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

THE FUTURE NETWORK PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

JP MORGAN SECURITIES LIMITED
JP MORGAN CHASE & CO

3)   Please state whether notification indicates that it is in respect of 
     holding of the Shareholder named in 2 above or in respect of a 
     non-beneficial interest or in the case of an individual holder if it is a
     holding of that person's spouse or children under the age of 18

NOTIFICATION RELATES TO SHAREHOLDERS IN 2 ABOVE


4)   Name of the registered holder(s) and, if more than one holder, the 
     number of shares held by each of them.

SEE SCHEDULE BELOW


5)   Number of shares/amount of stock acquired.

NOT SPECIFIED 

6)   ( N/A %) of issued Class   NOT SPECIFIED

7)   Number of shares/amount of stock disposed

NOT SPECIFIED

8)   ( N/A %) of issued Class

9)   Class of security

ORDINARY SHARES OF 1P EACH

10)  Date of transaction

NOT SPECIFIED

11)  Date company informed

19 NOVEMBER 2001

12)  Total holding following this notification

34,517,683 ORDINARY SHARES
               
13)  Total percentage holding of issued class following this notification

10.86%

14)  Any additional information



15)  Name of contact and telephone number for queries

ROB DAY    0207 533 2988  OR JOHN BOWMAN  01225 442244

16)  Name and signature of authorised company official responsible for 
     making this notification

     Date of Notification ...20 NOVEMBER 2001


FUTURE NETWORK
JP MORGAN CHASE & CO'S INTEREST COMPRISES THE INTEREST OF THE FOLLOWING 
SUBSIDIARIES:

FUTURE NETWORK (THE) ORD 1P

CHASE FLEMINGS ASSET MANAGEMENT
(DISCRETIONARY INVESTMENT MANAGER)

REGISTERED HOLDER         

CHASE NOMINEES LIMITED                                     308,000
DETIL EURO DIGITAL FUND                                    726,614
EUROBOLSA SELECCION SIMCAV S.A.                            288,480
FF EUROPEAN SMALLER COMPANIES FUND A/C 759               8,962,617
FF EUROPEAN TECHNOLOGY FUND A/C 798                      2,799,454
FF GLOBAL SMALLER COMPANIES UK A/C 754                      45,815
JPMF LIFE UK EQUITY TRACKER FUND                            24,281
JPMF PREMIER EQUITY GROWTH FUND                          1,990,679
JPMF PREMIER EQUITY INCOME FUND                            947,245
JPMF UK DYNAMIC FUND                                     1,534,338
JPMF UK GROWTH AND INCOME FUND                           1,016,249
JPMF UK SMALLER COMPANIES FUND                           7,928,677
OP EURO GROWTH FUND                                        450,666
THE FLEMING CLAVERHOUSE INVESTMENT TRUST PLC             3,354,698
THE FLEMING SMALLER COMPANIES INVESTMENT TRUST PLC       3,537,773

                                                        31,905,586

FLEMING UNIT TRUST MANAGEMENT LIMITED
(LIFE INSURANCE & PENSIONS)

REGISTERED HOLDER
JPMF INSTITUTIONAL UK SMALLER COMPANIES FUND              2,612,097
                                                          2,612,097


TOTAL INTEREST 10.86%                                    34,517,683

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