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Futuremedia seeks buyer


Arundel, England 30th October 2001-- The Board of Futuremedia plc today announced that the Company is in preliminary discussions regarding the potential acquisition of Futuremedia by a UK listed company. The Company emphasised that it is not certain that the transaction will be completed.

It is anticipated that that the transaction currently under discussion would value Futuremedia at approximately $0.06 per share. The Company emphasised that the terms of the transaction remain subject to change as the discussions continue.

Mats Johansson, Chief Executive Officer at Futuremedia said: 'As we stated in our Preliminary 2001 and Q1 release earlier this month, we anticipate that the Company will need to seek additional financing in the next three months, and we are evaluating strategic alternatives. The Company believes that the transaction currently under discussion would greatly enhance the range of services that could be provided to the Company's existing and prospective customers.'

Further announcements will be made in due course.


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