FNET Future

RNS Number:5496E
Future Network PLC
2 December 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

     29 NOVEMBER 2002.

12)  Total holding following this notification

     30,491,671
                    
13)  Total percentage holding of issued class following this notification

     9.5%

14)  Any additional information



15)  Name of contact and telephone number for queries

     JOHN BOWMAN, GROUP FINANCE DIRECTOR
     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 DECEMBER 2002......



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
Detail Euro Digital Fund                                       2,411,453
JPMF Balanced Fund                                               173,360
JPMF Life Dedicated Fund 009-BP                                1,748,360
JPMF Life UK Equity Tracker Fund                                   1,809
JPMF Life UK Smallcap Equity Fund                                620,371
JPMF Premier Equity Income Fund                                1,786,618
JPMF UK Dynamic Fund                                           3,048,041
JPMF UK Smaller Companies Fund                                 4,663,426
JPMFF Europe Small Cap Fund A/c 759                            3,250,968
JPMFF Europe Strategic Growth Fund A/c 799                       963,094
JPMFF Europe Technology Fund A/c 798                           9,182,892
OP Euro Growth Fund                                              167,400
SAFE (Eurobolsa seleccion)                                        62,710
The Fleming Smaller Companies Investment Trust plc             2,143,948
                                                              ----------
                                                              30,491,671
 
TOTAL INTEREST 9.49%                                          30,491,671
-------------------                                           ----------

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

END

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