FNET Future

RNS Number:8951P
Future Network PLC
11 January 2002

                  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

      Not specified

9)   Class of security

       Ordinary shares of 1p each

10)  Date of transaction

       Not specified

11)  Date company informed

       11 January 2002

12)  Total holding following this notification

        35,119,151
               
13)  Total percentage holding of issued class following this notification

         11.01%

14)  Any additional information



15)  Name of contact and telephone number for queries

         Rob Day, Company Secretary
         Tel:  0207 533 2222
                 or
         John Bowman, Group Finance Director
         Tel:  01225 442244
     

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

     Date of Notification ..11 January 2002

FUTURE NETWORK 

J P 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                                     1,127,101 
FF Global Smaller Companies UK A/c 754                         27,O53
JP Morgan Fleming European Fund                               839,573 
JPMF Balanced Fund                                            265,471 
JPMF Life UK Equity Tracker Fund                               24,281 
JPMF Premier Equity Growth Fund                             2,871,679 
JPMF Premier Equity Income Fund                             4,922,978 
JPMF UK Dynamic Fund                                        1,534,338
JPMF UK Smaller Companies Fund                              5,820,996
JPMFF Europe Dynamic Fund (721)                               392,541 
JPMFF Europe Small Cap Fund A/c 759                         4,635,973 
JPMFF Europe Technology Fund A/c 798                        4,515,677 
OP Euro Growth Fund                                           266,163 
SAFE (Eurobolsa seleccion)                                    147,029
The Fleming Claverhouse Investment Trust plc                1,354,698 
The Fleming Smaller Companies Investment Trust plc          3,453,503

                                                           32,507,054

FLEMING UNIT TRUST MANAGEMENT LIMITED
(LIFE INSURANCE & PENSIONS)

Registered Holder

JPMF Institutional UK Smaller Companies Fund                2,612,097
                                                            2,612,097

TOTAL INTEREST 11.02%                                      35,119,151

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