RNS Number:0587L
Public Network PLC
13 May 2003




                   NOTIFICATION OF CHANGE OF SHAREHOLDINGS

1.  Name of company

Public Network plc.

2. Name of shareholders having a major interest
High Street Acquisitions Limited;
W B Nominees Limited (GHW Group plc);
Field Capital; and
Providence Investment Company Limited.
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
As 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.

High Street Acquisitions Limited;
W B Nominees Limited (GHW Group plc);
Field Capital; and
Providence Investment Company Limited.

5.  Number of shares/amount of stock acquired

                             5p Ordinary     30% 5p Cumulative Redeemable
                                 Shares          Preference Shares

High Street Acquisitions         450,000
Limited
W B Nominees Limited           1,982,522
    (GHW Group plc) 
                 
Field Capital                                           332,917
Providence Investment
Company Limited                                         833,333


6.  Percentage of issued class (voting rights in Total Issued Share
Capital of the Company in brackets)

                             5p Ordinary     30% 5p Cumulative Redeemable
                                 Shares          Preference Shares

High Street Acquisitions      7.04% ( 5.95%)
Limited
W B Nominees Limited (GHW    31.00% (26.22%)
Group plc)
                             
Field Capital                                        28.55% ( 4.40%)
Providence Investment                                71.45% (11.02%)
Company Limited                                             


Note:  the Total Issued Share Capital in the Company includes 30% 5p Cumulative
Redeemable Preference Shares pursuant to the Circular dated 10 April 2003, that
carry equal voting rights per share at general meetings.



7.        Number of shares/amount of stock disposed
N/A
8.        Percentage of issued class
N/A
9.        Class of security
As in 5 above
10.     Date of transaction
6 May 2003
11.     Date company informed
12 May 2003
12.     Total holding following this notification

                             5p Ordinary     30% 5p Cumulative Redeemable
                                 Shares          Preference Shares

High Street Acquisitions         600,000
Limited
W B Nominees Limited (GHW      2,048,821
Group plc)
                                 
Field Capital                                            332,917
Providence Investment                                    833,333
Company Limited
                                                                   
13. Total percentage holding of issued class following this notification
(voting rights in Total Issued Share Capital of the Company in brackets)

                             5p Ordinary     30% 5p Cumulative Redeemable
                                 Shares          Preference Shares

High Street Acquisitions     9.38% ( 7.93%)
Limited
W B Nominees Limited (GHW   32.04% (27.09%)
Group plc)
                             
Field Capital                                    28.55% ( 4.40%)
Providence Investment                            71.45% (11.02%)
Company Limited
                                       
14.  Any additional information

On 6 May 2003, Public Network plc announced that resolutions put to shareholders
in the Circular, dated 10 April 2003, were duly passed at the Extraordinary
General Meeting.  Public Network plc has been notified of disclosable interests
as  result of the debt conversion and share subscription following the passing
of the resolutions.

15.  Name of contact and telephone number for queries
David Martin 020 8547 0220
16.     Name and signature of authorised company official responsible for 
making this notification

David Martin, Managing Director
Date of notification: 13th May 2003











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

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