FNET Future

RNS Number:6019X
Future Network PLC
22 January 2001


Notification of Substantial Interest in Shares

The Future Network plc (LSE:FNET) announced, on 9 January 2001, that it had
received notification that Schroder Investment Management Limited held a
notifiable interest in 15,182,414 ordinary shares of The Future Network plc.  On
the basis of the current issued share capital of The Future Network plc of
142,954,916 ordinary shares, this interest represented 10.6% of such relevant
share capital.

The Future Network plc received notification, on 19 January 2001, from Schroder
Investment Management Limited (on behalf of itself, Schroder Unit Trusts
Limited, Schroder Investment Management North America Limited, Schroder
Investment Management North America Inc and Schroders plc) advising that, as at
18 January 2001, although Schroder Investment Management Limited continue to
have an interest in the 1p ordinary shares of The Future Network plc, it has
ceased to hold a notifiable interest for the purposes of Part VI of the
Companies Act 1985 since such interest represents less than 10% of the nominal
value of the relevant share capital of The Future Network plc.

For more information:

Rob Day, Group Counsel
The Future Network plc          01225 442244

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