FNET Future

RNS Number:9785B
Future Network PLC
2 October 2002


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


1)   NAME OF COMPANY

     THE FUTURE NETWORK PLC

2)   NAME OF SHAREHOLDER HAVING A MAJOR INTEREST

     J.P. MORGAN SECURITIES LIMITED
     J.P. 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)   (%) of issued Class

     NOT SPECIFIED

7)   Number of shares/amount of stock disposed

     NOT SPECIFIED

8)   (%) of issued Class

     NOT SPECIFIED

9)   Class of security

     ORDINARY SHARES OF 1p EACH

10)  Date of transaction

     NOT SPECIFIED

11)  Date company informed

     2 OCTOBER 2002

12)  Total holding following this notification

     32,275,714
               
13)  Total percentage holding of issued class following this notification

     10.05%

14)  Any additional information



15)  Name of contact and telephone number for queries

     MARK MILLER, COMPANY SECRETARY
     OR
     NINA SPARROW, LEGAL PROJECTS CO-ORDINATOR
     Tel: 01225 442244

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

     Date of Notification      2 OCTOBER 2002




J.P. Morgan Chase & Co's interest comprises of the following subsidiaries:

FUTURE NETWORK (THE) ORD 1p

J.P. MORGAN FLEMINGS ASSET MANAGEMENT (UK) LIMITED 
(DISCRETIONARY INVESTMENT MANAGER)


Registered Holder

BP Tran                                                           531,800 
CHASE NOMINEES LIMITED                                            267,221 
Detil Euro Digital Fund                                         2,262,673 
JPMF Balanced Fund                                                195,590 
JPMF Life UK Equity Tracker Fund                                    1,809
JPMF Life UK Smallcap Equity Fund                                 820,671  
JPMF Premier Equity Income Fund                                 1,913,688 
JPMF UK Dynamic Fund                                            2,617,975 
JPMF UK Smaller Companies Fund                                  5,403,126 
JPMFF Europe Small Cap Fund A/c 759                             4,347,348 
JPMFF Europe Strategic Growth Fund A/c 799                        648,975
JPMFF Europe Technology Fund A/c 798                            9,044,622 
OP Euro Growth Fund                                               212,500 
SAFE (Eurobolsa seleccion)                                         87,370 
The Fleming Claverhouse Investment Trust plc                    1,354,698 
The Fleming Smaller Companies Investment Trust plc              2,565,648
                                                               ----------
                                                               32,275,714
                                                                         
TOTAL INTEREST 10.05%                                          32,275,714
                                                               ==========



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END

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