FTI Future Internet

RNS Number:2409S
Future Internet Technologies PLC
02 March 2007



2 March 2007



                       Statement re Share Price Movement



The Board of Future Internet Technologies plc ("FIT" or the "Company") notes the
recent increase in the Company's share price.



Today, the Company received notification that, on 1 March 2007, Cold Investments
Limited ("Cold") acquired further voting rights in the Company, taking its stake
in FIT to 21 per cent.  An announcement to this effect has been made by the
Company today.  As set out in the Company's admission document dated 13 December
2006, Cold is a counterparty to a number of Contract For Difference ("CFD")
positions in FIT. Following discussions with Cold, the Board confirms that the
recent increases in Cold's stake are largely a result of CFD positions being
unwound into physical holdings which requires the announcement of an increase in
voting rights.



The Board remains pleased with the progress it continues to make in executing
the strategy set out in its admission document and expects to release its
interim results on the 21 March 2007 when it will provide a further update, in
accordance with the normal course of business.








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

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