FNET Future

RNS Number:3102D
Future Network PLC
4 November 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 AND/OR ONE OR MORE OF ITS
SUBSIDIARIES.

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)   (% NOT SPECIFIED) of issued Class



7)   Number of shares/amount of stock disposed

NOT SPECIFIED.

8)   (% NOT SPECIFIED) of issued Class


9)   Class of security

ORDINARY SHARES OF 1P EACH

10)  Date of transaction

NOT SPECIFIED.

11)  Date company informed

4 NOVEMBER 2002

12)  Total holding following this notification

36,720,657
               
13)  Total percentage holding of issued class following this notification

11.44%

14)  Any additional information



15)  Name of contact and telephone number for queries

MARK MILLAR, 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 4 NOVEMBER 2002..................



FUTURE NETWORK

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

FUTURE NETWORK (THE) ORD 1P

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

Registered Holder

CHASE NOMINEES LIMITED                                  267,221
Detil Euro Digital Fund                               2,865,225
JPMF Balanced Fund                                      186,360
JPMF Life Dedicated Fund 009-BP                       1,748,360
JPMF Life UK Equity Tracker Fund                          1,809
JPMF Life UK Smallcap Equity Fund                       720,371
JPMF Premier Equity Income Fund                       1,835,618
JPMF UK Dynamic Fund                                  3,630,333
JPMF UK Smaller Companies Fund                        4,946,426
JPMFF Europe Small Cap Fund A/c 759                   4,739,418
JPMFF Europe Strategic Growth Fund A/c 799              870,296
JPMFF Europe Technology Fund A/c 798                 10,923,644
OP Euro Growth Fund                                     229,560
SAFE (Eurobolsa seleccion)                               87,370
The Fleming Claverhouse Investment Trust plc          1,354,698
The Fleming Smaller Companies Investment Trust plc    2,313,948

                                                     36,720,657
 

TOTAL INTEREST 11.44%                                36,720,657
 

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

END

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