Document:

Exhibit 4.8

                                      RULES

                                     of the

                                 FUTUREMEDIA PLC

                    ENTERPRISE MANAGEMENT INCENTIVE PLAN 2005

          -----------------------------------------------------------

          Adopted by shareholders at the Extraordinary General Meeting
                              held on 28 July 2005

          -----------------------------------------------------------

                                 MM & K Limited
                                 1 Bengal Court
                                  Birchin Lane
                                     London
                                    EC3V 9DD

                               Tel: 020 7283 7200
                               Fax: 020 7283 4119

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                                TABLE OF CONTENTS

Clause        Heading                                                   Page No.

1             DEFINITIONS AND INTERPRETATION................................1

2             GRANT OF OPTIONS..............................................2

3             INVESTOR PROTECTION - COMPANY LIMITS ON OPTIONS...............3

4             LIMITS ON INDIVIDUAL OPTION GRANTS............................3

5             VARIATION OF SHARE CAPITAL....................................4

6             ALTERATION....................................................4

7             ADMINISTRATION................................................5

<PAGE>

                                      RULES

                                       OF

          THE FUTUREMEDIA PLC ENTERPRISE MANAGEMENT INCENTIVE PLAN 2005

1     DEFINITIONS AND INTERPRETATION

1.1   In the  Rules,  including  these  definitions,  the  following  words  and
      expressions shall, except insofar as the context otherwise requires,  have
      the meanings set opposite them respectively:-

      "2005  Unapproved  Plan" means the Futuremedia  PLC 2005 Unapproved  Share
      Option Plan

      "Auditors" means the auditors of the Company (acting as experts and not as
      arbiters)

      "Board"  means the board of directors of the Company or a duly  authorised
      committee thereof

      "Committed Time" has the meaning given in paragraph 29 of Schedule 14

      "Company" means Futuremedia PLC (registered in England No 01616681)

      "Date of Grant"  means in  respect  of any  Option the date on which it is
      granted

      "Eligible Employee" means a Group Employee whose Committed Time amounts to
      at least 25 hours per week

      "Exchange Act" means the United States Securities Exchange Act of 1934, as
      amended

      "Group"  means the  Company  and its  Subsidiaries  and the phrase  "Group
      Company" shall be construed accordingly

      "Group Employee" means a director or employee of any Group Company

      "Market  Value" means the last sale price of the Shares (which  expression
      shall for the  purposes of this  definition  include  American  Depositary
      Shares ("ADSs"),  as evidenced by American  Depositary  Receipts ("ADRs"),
      representing the Shares) as reported by the NASDAQ SmallCap Market (or any
      other national or  international  securities  exchange on which the Shares
      are traded) on the relevant  date or, if there is no reported  sale of the
      Shares  on  the  relevant  date,  the  last  sale  price  for  the  Shares
      immediately prior to the relevant date; and if the Shares are not Publicly
      Traded, the value of a Share as determined by the Board

                                      -1-
<PAGE>

      "Option" means a right to acquire Shares granted pursuant to the Rules and
      documented in an Option Agreement

      "Option  Agreement"  means the agreement in the form (or  substantially in
      the form) set out in  Schedule 1  documenting  an Option  which is entered
      into by an Option  Holder  and the  Company  and which  complies  with the
      requirements of Rule 2.3

      "Option Holder" means an individual to whom an Option has been granted or,
      if that individual has died, his executors or personal representatives

      "Option Price means the price at which an Option is granted and as set out
      in the Option Agreement

      "Rules" means these rules as altered or varied from time to time

      "Plan" means the Futuremedia PLC Enterprise Management Incentive Plan 2005
      constituted and governed by the Rules

      "Schedule 14" means schedule 14 to the Finance Act 2000

      "Securities  Act"  means the  United  States  Securities  Act of 1933,  as
      amended

      "Share"  means fully paid  ordinary  shares in the capital of the Company,
      provided  that as the context  requires the term  "Shares"  shall  include
      ADSs, as evidenced by ADRs, representing the Shares

      "SIP" mean the Futuremedia PLC Share Incentive Plan 2005

      "Subsidiary"  means  a  qualifying   subsidiary  (within  the  meaning  of
      paragraph 15 of Schedule 14) of the Company

      "Working Time" has the meaning given in paragraph 29 of Schedule 14

1.2   In these Rules, except insofar as the context otherwise requires:-

1.2.1 words denoting the singular shall include the plural and vice versa;

1.2.2 words denoting the masculine gender shall include the feminine gender; and

1.2.3 any reference to any  enactment  shall be construed as a reference to that
      enactment as from time to time amended, extended or re-enacted.

2     GRANT OF OPTIONS

2.1   The Board may at any time and from time to time select Eligible  Employees
      to whom Options will be granted.

2.2   The Board shall procure that the Company  enters into an Option  Agreement
      with each Eligible Employee selected pursuant to Rule 2.1.

2.3   Each Option Agreement shall constitute an Option to acquire Shares granted
      by the Company in favour of the Eligible Employee and shall:-

                                      -2-
<PAGE>

2.3.1 be signed on behalf of the Company and by the Eligible Employee;

2.3.2 specify the  maximum  number of Shares that can be acquired on exercise of
      the Option, as determined by the Board;

2.3.3 specify the Option Price  payable  under the Option,  as determined by the
      Board;

2.3.4 contain  the terms and  conditions  upon which the Option is  granted,  as
      determined by the Board; and

2.3.5 unless the Board  determines  otherwise,  comply with the  requirements of
      paragraphs 40 and 41 of Schedule 14.

3     INVESTOR PROTECTION - COMPANY LIMITS ON OPTIONS

3.1   No Option shall be granted  pursuant to the Plan if the grant would result
      in the limit specified in Rule 3.2 being contravened.

3.2   The number of Shares  that may be the  subject of Options  under the Plan,
      when  aggregated  with the number of Shares  that may be issued  under the
      2005  Unapproved  Plan and the SIP,  shall  not  exceed  an  aggregate  of
      10,000,000  Shares.  Shares  subject to any  Option  that may no longer be
      exercised,   expires  unexercised,   or  is  reacquired,   surrendered  or
      terminated  in  accordance  with its terms or  otherwise,  shall no longer
      count towards the  aggregate  number of Shares which have been the subject
      of Options issued hereunder, and such number of Shares shall be subject to
      further Option grants under the Plan.

3.3   In  determining  at any time  whether the limit  specified in Rule 3.2 has
      been  complied  with no  account  shall  be taken  of and  there  shall be
      disregarded in calculating the nominal value of the Shares issued or which
      require  to be issued  upon the  exercise  of any Option or  options,  all
      Shares which would have been required to be issued  pursuant to any Option
      or option which has lapsed or been surrendered or disclaimed.

3.4   Any reference in this Rule 3 to any or any other share option scheme shall
      be construed as a reference to such schemes as have been or may be adopted
      by the Company or any Subsidiary and to which Shares are subject.

4     LIMITS ON INDIVIDUAL OPTION GRANTS

4.1   No Option shall be granted  pursuant to the Plan if the grant would result
      in the limit specified in Rule 4.2 being contravened.

4.2   The maximum Market Value of Shares over which Options may be granted to an
      Eligible  Employee at any time when  aggregated  with the Market Value (at
      their date of grant) of Shares  over which  Options  have been  granted to
      that Eligible Employee previously and which remain exercisable (under this
      Plan and any other share  option  scheme  approved  by the Inland  Revenue
      pursuant  to  Schedule  9 of the Income  Corporation  and Taxes Act 1988),
      shall not exceed the  higher of  (pound)100,000  and four times his or her
      annual rate of salary at the date of grant of such Options.

                                      -3-
<PAGE>

5     VARIATION OF SHARE CAPITAL

5.1   In the  event of any  capitalisation  issue,  rights  issue,  open  offer,
      consolidation,  sub-division  or  reduction  or other  variation  of share
      capital by the Company,  the number of Shares over which  Options  subsist
      and the Option Price for each of those Shares may, if the Board  considers
      it  appropriate,  be adjusted in such  manner as the  Auditors  confirm in
      writing to be fair and  reasonable,  provided  that at any time when it is
      intended that Options shall  continue to qualify as enterprise  management
      incentives under Schedule 14:-

5.1.1 no  adjustment  shall take effect until receipt of approval from the Board
      of Inland Revenue; and

5.1.2 following the  adjustment  the Shares  continue to satisfy the  conditions
      specified in paragraph 38 of Schedule 14.

5.2   The Company shall  promptly after any adjustment has been made pursuant to
      this Rule give notice of the adjustment to the Option Holders.

6     ALTERATION

      The Board may from time to time alter or add to all or any of the Rules or
      any Option  Agreement in such manner and to such extent as the Board shall
      think fit, provided that:-

6.1   no  alteration  or addition to the Rules shall  materially  and  adversely
      affect the rights of an Option  Holder as regards an Option  granted prior
      to the alteration or addition being made; and

6.2   no  alteration or addition to any Option  Agreement  shall be made without
      the written agreement of the Option Holder; and

6.3   no alteration or addition to the advantage of Option  Holders or employees
      shall be made to the definition of Eligible  Employees,  the limits on the
      Shares  subject to the Plan,  the  maximum  entitlement  for any  Eligible
      Employee  or the  provisions  of Rule 5,  without  the prior  approval  by
      ordinary  resolution  of the  members of the  Company in general  meeting,
      unless such  alteration or addition is minor and is necessary or desirable
      to benefit the  administration of the Plan, to take account of a change in
      legislation or to obtain or maintain  favourable tax,  exchange control or
      regulatory  treatment for Option Holders or for the Company or for members
      of the  Group;  and

6.4   any  such  alteration  shall  be  subject  to  the  shareholder   approval
      requirements  under the rules of the  Nasdaq  Stock  Market  (or any other
      national  or  international  securities  exchange  on which the  Company's
      securities are traded), as applicable.

                                      -4-
<PAGE>

7     ADMINISTRATION

7.1   The Plan shall be administered by the Board whose decision on all disputes
      and matters concerning the interpretation of the Rules shall be final.

7.2   The cost of  establishing  and  operating  the Plan  shall be borne by the
      Group Companies in such proportions as the Board shall determine.

7.3   Any notice or other communication under or in connection with the Plan may
      be given by the Company  either  personally  or by post and to the Company
      either personally or by post to the secretary; items sent by post shall be
      pre-paid and shall be deemed to have been received 72 hours after posting.

7.4   The Company shall at all times either keep available sufficient authorised
      and unissued  Shares to satisfy all Options which have neither  lapsed nor
      been  fully  exercised,  or  shall  procure  that  sufficient  Shares  are
      available for transfer to satisfy all such Options.

7.5   The Plan, the Rules and all other documents  relating to the Plan shall be
      governed by and construed in accordance with the English Law.

7.6   No Option shall be granted under this Plan after the tenth  anniversary of
      its date of adoption by shareholders in general meeting

7.7   The Company has  registered  the Shares under the Exchange Act.  Until the
      Company  registers  the Shares  issuable upon exercise of Options with the
      United  States  Securities  and  Exchange  Commission  ("SEC")  under  the
      Securities  Act,  the Shares  issuable  upon  exercise of Options  granted
      pursuant to the Plan may be "restricted  securities" within the meaning of
      the Securities Act (or otherwise subject to restrictions on transfer under
      the  Securities  Act)  and,  in  which  case,  may not be  publicly  sold,
      transferred or otherwise disposed of unless subsequently  registered under
      the  Securities  Act or  unless an  exemption  from  registration  is then
      available.  Unless  Shares  issuable  upon exercise of an Option have been
      registered  under the  Securities  Act, any  certificates  evidencing  the
      Shares (or ADSs representing  Shares) will bear the following  restrictive
      legend:

          The  Shares  represented  by this  Certificate  have  not been
          registered under the United States  Securities Act of 1933, as
          amended   ("Act"),   or  the  securities  laws  of  any  other
          jurisdiction,  and  may  not be  sold,  transferred,  pledged,
          hypothecated  or  otherwise  disposed of in any manner  unless
          they are registered  under such Act and the securities laws of
          any applicable  jurisdictions  or unless  exemptions from such
          registration are available.

                                      -5-Exhibit 4.9                                                   Rennes Foundation

                                 FUTUREMEDIA PLC
                             SUBSCRIPTION AGREEMENT
                             ----------------------

                                IMPORTANT NOTICE

The contents of this document  have not been  approved by an  authorised  person
(for the purposes of Section 21 of Financial  Services and Markets Act 2000 (the
"Act")).  Such approval is required by Section 21 of the Act unless an exemption
applies.  Consequently this document is being made available only to persons who
are deemed  sufficiently  experienced and  knowledgeable to understand the risks
involved in making an  investment  in the Company and as such fall within any of
Articles 19  (investment  professionals),  43 (Members and  creditors of certain
bodies corporate), 48 (certified high net worth individuals), 49 (high net worth
companies, unincorporated associations etc.), 50 (sophisticated investors) or 51
(associations  of high net worth or  sophisticated  investors)  of the Financial
Services and Markets Act 2000  (Financial  Promotion)  Order 2001 (SI 2001/1335)
(the  "Order") or such other  relevant  exemption  under which this Document may
lawfully be communicated as a financial promotion.

For the purposes of Articles 48 and 51 of the Order:

(i)   This document is exempt from the general restriction (in Section 21 of the
      Act) on the  communication  of  invitations  or  inducements  to engage in
      investment activity on the grounds that it is made to a certified high net
      worth individual, sophisticated investor or current shareholder.

(ii)   The  requirements  that  must  be met for a  recipient  to  qualify  as a
       certified high net worth  individual  are that the  recipient:
      (a)   has a current  certificate of high net worth in the form detailed in
            Article 48(3) of the Order; and
      (b)   has previously (within the last 12 months) signed a statement in the
            terms in Article 48(2)(b) of the Order.

(iii) The  requirements  that  must  be met  for a  recipient  to  qualify  as a
      sophisticated  investor  are  that  the  recipient:
      (a)   has a current  certificate  from an authorised  person in accordance
            with Article 50(1)(a) of the Order; and
      (b)   has previously (within the last 12 months) signed a statement in the
            terms in Article 50(1)(b) of the Order.

(iv)  Reliance on this  document for the purpose of investing in the Company may
      expose the  recipient  to a  significant  risk of losing all of the monies
      invested.

(v)   Any person who is in any doubt about the investment to which this document
      relates should consult an authorised  person  specialising  in advising on
      investments of this kind.

This document does not  constitute a prospectus or an offer or invitation to the
public to acquire or subscribe for any shares or other securities in the Company
within  the  meaning  of  Regulation  6  of  the  Public  Offers  of  Securities
Regulations  1995 (SI  1995/1537)  and should not be reproduced  or  circulated.
Accordingly,  the  securities may not be offered or sold or re-offered or resold
to persons  in the  United  Kingdom  except to person of the kind  described  in
paragraphs 3 to 24 of Schedule 11 to the Act.

This document should not be considered as a recommendation  by the shareholders,
the   Company,   or   any  of   their   respective   subsidiaries,   affiliates,
representatives, partners, directors, officers, employees, advisers or agents to
invest in the Company,  and interested  recipients are recommended to seek their
own independent financial, legal and other advice.

Recipients  of this  document  in  jurisdictions  outside  the UK should  inform
themselves  about  and  observe  all  applicable  legal  requirements  in  their
jurisdictions.  In  particular,  the  distribution  of this  document in certain
jurisdictions may be restricted by law and,  accordingly,  recipients  represent
that  they  are able to  receive  this  document  without  contravention  of any
unfulfilled  registration  requirements  or  other  legal  restrictions  in  the
jurisdiction in which they reside or conduct business.

THE SECURITIES  OFFERED  PURSUANT TO THIS DOCUMENT HAVE NOT BEEN AND WILL NOT BE
REGISTERED  UNDER THE UNITED  STATES  SECURITIES  ACT OF 1933,  AS AMENDED  (THE
"SECURITIES  ACT"),  AND MAY NOT BE OFFERED OR SOLD IN THE UNITED  STATES EXCEPT
PURSUANT TO AN APPLICABLE  EXEMPTION FROM THE  REGISTRATION  REQUIREMENTS OF THE
SECURITIES ACT OR IN A TRANSACTION NOT SUBJECT TO SUCH REQUIREMENTS.

                            CONFIDENTIALITY STATEMENT
                            -------------------------

By accepting a copy of this document, the recipient acknowledges and agrees that
it is receiving confidential information that has not been made available to the
public. It agrees that it will not disclose, reproduce,  circulate, or otherwise
make known to any other person the  information  contained  herein,  without the
prior written consent of the Company.

                                       1
<PAGE>

Futuremedia PLC
Nile House
Nile Street
Brighton BN1 1HW

Gentlemen:

      The  undersigned  understands  that the Company is hereby  making an offer
(the "Offer") of its Ordinary Shares, 1-1/9 pence per share, of the Company (the
"Shares") at a purchase price of $0.76 per Share.

      The Offer will expire on February 9, 2005 unless  extended by the Company,
in its sole discretion (the "Expiration Date").

      1.  Subscription.  Subject to the terms and conditions of this  Agreement,
the undersigned  hereby  subscribes for the aggregate number of Shares set forth
on the signature page of this Agreement. Payment of the aggregate purchase price
is required at the time of delivery of this Agreement to the Company (or at such
late time as the Company may agree). The undersigned acknowledges that, in order
to  subscribe,  the  undersigned  must  deliver,  to the  Company,  prior to the
Expiration Date, one executed copy of this Agreement.

      2.  Risk  Factors.  The  undersigned  acknowledges  and is  aware  that an
investment in the Company  involves a  substantial  degree of risk and should be
regarded as highly speculative.  As a result, the subscription for Shares should
be considered only if the undersigned can reasonably afford a loss of its entire
investment.  The undersigned should carefully consider,  among other things, the
risk factors set out in the  Company's  Annual  Report on Form 20-F (the "20-F")
for the  year-ended  April 30, 2004 filed with the U.S.  Securities and Exchange
Commission ("SEC") on September 30, 2004.

      3.  Acceptance  of  Subscription.  It is  understood  and agreed that this
Agreement is subject to the following terms and conditions:

            (a) Investments are not binding on the Company until accepted by the
Company.

            (b) The undersigned hereby intends that his/her/its signature hereon
shall  constitute an irrevocable  subscription  to the Company for the aggregate
amount of Shares described herein.

      4. American Depositary Receipts.  The Company's American Depositary Shares
("ADSs") trade on the Nasdaq  SmallCap  Market under the symbol FMDAY.  Each ADS
represents  the right to receive one  Ordinary  Share of the  Company.  ADSs are
evidenced by American Depositary  Receipts ("ADRs").  ADSs evidenced by ADRs are
issued by the Bank of New York as Depositary (the "Depositary") of the Company's
ADR facility in  accordance  with the terms of a deposit  agreement  between the
Company and the Depositary.  The Company shall amend the deposit  agreement with
the  Depositary  to  include  the Shares as ADSs  and/or to take all  reasonably
necessary  action to deliver to the  undersigned  ADRs evidencing such ADSs. The
Company  shall bear all costs and  expenses in  connection  with the issuance of
ADRs to the undersigned in connection with its investment in the Shares.

                                       2
<PAGE>

      5.  Representations  and Warranties of the  Undersigned.  The  undersigned
hereby represents and warrants to the Company as follows:

            (a) The  undersigned  (i) has adequate  means of  providing  for its
current  needs and possible  contingencies,  and it has no need for liquidity of
its  investment  in the  Company;  (ii) has such  knowledge  and  experience  in
financial  matters that the  undersigned  is capable of evaluating  the relative
risks and merits of this investment; and (iii) understands that an investment in
the Shares is highly  speculative  and is able  financially  to bear the risk of
losing its entire investment.

            (b) The address set forth on the signature page of this Agreement is
its true and  correct  business  address,  and it has no  present  intention  of
changing its business location to any other jurisdiction.

            (c) The  undersigned has received and read and represents that it is
familiar with this Agreement.

            (d) The undersigned, and its representatives,  if any, have received
and reviewed copies of the following documents:  (i) the Company's Annual Report
on Form 20-F for the  fiscal  year  ended  April 30 2004 and (ii) the  Company's
press releases  distributed  since April 30, 2004. The undersigned  acknowledges
that it has reviewed the information  contained therein. It further acknowledges
that it has had the opportunity to ask  representatives of the Company questions
about the Company's  business and  financial  condition and that it has obtained
such  information  as it has requested to the extent it has deemed  necessary to
permit  it to fully  evaluate  the  merits  and risks of its  investment  in the
Company.  Further,  the  undersigned  has  consulted  with  such  other  of  its
investment  and/or  accounting and/or legal and/or tax advisors as it has deemed
necessary and appropriate in making its decision to subscribe for the Shares.

            (e) If the  undersigned is a  corporation,  partnership,  trust,  or
other entity, (i) it is authorised and qualified to become a shareholder of, and
authorised to make its investment  in, the Company;  (ii) it has not been formed
for the purpose of making an  investment  in the  Company;  and (iii) the person
signing this Agreement on behalf of such entity has been duly authorised by such
entity to do so.

            (f)  The   undersigned   is  not  relying  on  the  Company  or  any
representation  contained  herein or in the  documents  referred  to herein with
respect to the tax and economic effect of its investment in the Company.

            (g) The undersigned  understands (i) that it is the Company's intent
that all communications and other activities  relating to this Agreement and the
transactions  contemplated  hereby are being carried out in compliance  with the
Financial   Services  and  Markets  Act  2000  ("FSMA")  and  related  secondary
legislation, including without limitation the Financial Services and Markets Act
2000 (Financial  Promotion) Order 2001, SI 2001 No. 1335 ("Statutory  Instrument
2001 No.  1335")  and (ii) that the  Company is relying  certain  exemptions  in
Statutory  Instrument  2001 No. 1335. The undersigned is either a Certified High
Net Worth Individual or a Certified  Sophisticated Investor, or a current member
of the Company, as such terms are defined in Statutory Instrument 2001 No. 1335.

                                       3
<PAGE>

            (h) The  undersigned  understands  that the Shares have not been and
not expected to be registered under the United States Securities Act of 1933, as
amended  (the  "Act") . The Shares are being  offered  and sold in an  "offshore
transaction" outside the United States in accordance with Rule 903 of Regulation
S ("Regulation S"), promulgated under the Act. The transferability of the Shares
is restricted as provided herein.

            (i) At the time the offer to subscribe for the Shares was made,  the
undersigned and all beneficial  owners or subscribers  for the Shares  hereunder
were outside of the United  States of America,  Canada,  Japan,  the Republic of
Ireland and Australia.  The undersigned  further represents that the undersigned
and all such  beneficial  owners did not receive any  offering  documents,  with
respect to the Shares,  in the United  States of  America,  Canada,  Japan,  the
Republic of Ireland or Australia.

            (j) The Shares for which the undersigned hereby subscribes are being
acquired solely for its own account or for the account of beneficial owners that
the  undersigned  represents,  and are not being purchased with a view to or for
distribution.  It  has no  present  plans  to  enter  into  any  such  contract,
undertaking,  agreement or arrangement.  In order to induce the Company to issue
the Shares  subscribed  for  hereby to the  undersigned,  it is agreed  that the
Company  will have no  obligation  to recognise  the  ownership,  beneficial  or
otherwise,  of such  Shares by anyone  but the  undersigned  and the  beneficial
owners that the undersigned represents.

            (k) The undersigned  understands that Shares may be not transferred,
sold, assigned,  hypothecated or otherwise disposed of, except:  (a)(i) pursuant
to a registration statement,  filed with and declared effective by the SEC, (ii)
in an offshore  transaction in compliance with Regulation S or (iii) pursuant to
another  available  exemption from the registration  requirements  under the Act
upon  the  delivery  of  an  opinion  of  counsel,  certification  and/or  other
information  satisfactory  to the Company and (b) in  compliance  with all other
applicable laws.

            (l) The undersigned  agrees that, in order to ensure compliance with
applicable  securities laws, the certificates or ADRs evidencing any Shares will
be held in escrow by the Company for a period of 40 days  following  the date of
receipt by the  Company of  payment in full for all Shares  purchased  hereunder
(the  "Restricted  Period").  The undersigned  agrees not to sell, grant options
over, transfer,  charge, pledge,  hypothecate or otherwise dispose of the Shares
during the Restricted  Period.  The undersigned  further agrees not to engage in
any hedging  transactions  or short sales with respect to the Shares  during the
Restricted Period.

            The foregoing  representations  and warranties are true and accurate
as of the date of delivery of this  Agreement  to the Company and shall  survive
such delivery.  If in any respect such  representations and warranties shall not
be true and accurate  prior to acceptance of this  subscription  by the Company,
the  undersigned  shall  give  written  notice  of  such  fact  to the  Company,
specifying  which  representations  and warranties are not true and accurate and
the reasons therefor.

                                       4
<PAGE>

      6. Delivery of Certificates; Transfer Agent Instructions. The Company will
hold in escrow, as described herein,  either certificates or ADRs evidencing the
Shares without any  restrictive  legends  affixed  thereon (except to the extent
that any such restrictive legends may be required by The Bank of New York or any
successor  depositary of the Company's ADR facility).  The  certificates or ADRs
will be issued in the name of the  undersigned and will be held in escrow by the
Company  during the  Restricted  Period.  Upon the  expiration of the Restricted
Period, the Company will deliver the certificates representing the Shares or the
ADRs to the undersigned.

      7. Costs and expenses Incident to the Purchase. The Company shall bear all
costs and expenses  incident to the  issuance,  sale and delivery of the Shares,
including,  but not limited to, all legal fees;  the  preparation,  printing and
delivery of shares certificates; and any cost and expense in connection with the
conversion of any of the Shares into ADRs. The Company shall not be obligated to
pay any  commissions to any third parties or the  undersigned in connection with
the  issuance  of the Shares  pursuant  to this  Agreement  except as  otherwise
expressly agreed in writing by the Company.

      8. Indemnification.  The undersigned  acknowledges that it understands the
meaning and legal consequences of the representations  and warranties  contained
herein,  and hereby  agrees to indemnify  and hold  harmless  the  Company,  the
Company's  officers and directors,  and their respective  agents,  employees and
affiliates, from and against any and all losses, claims, damages or liabilities,
including reasonable  solicitors' or attorneys' fees, due to or arising out of a
breach of any representation (s) or warranty(s) of the undersigned  contained in
this Agreement.

      9. Further  Assurances.  The undersigned  hereby agrees to execute or sign
any and all other documents  and/or take any and all such further actions as the
Company may reasonably  request or require in connection  with the  transactions
contemplated by this Agreement.

      10. No Waiver.  Notwithstanding  any of the  representations,  warranties,
acknowledgments  or agreements made herein by the  undersigned,  the undersigned
does not  thereby or in any other  manner  waive any rights  granted to it under
U.S.  federal or state  securities  laws,  the laws of England  and Wales or any
other jurisdiction.

      11.  Revocation.   The  undersigned   acknowledges  and  agrees  that  its
subscription for the Shares made by the execution and delivery of this Agreement
by the undersigned is irrevocable.

      12. Miscellaneous.

            (a) All  notices  or other  communications  given or made  hereunder
shall be in writing and shall be delivered or mailed by  registered or certified
mail,  return receipt  requested,  postage  prepaid,  to the  undersigned at its
address set forth below and to Futuremedia Public Limited Company at Nile House,
Nile Street, Brighton BN1 1HW, Attention: Peter Machin.

            (b)  Notwithstanding  the place where this Agreement may be executed
by any of the parties hereto, the parties expressly agree that all the terms and
provisions hereof shall be construed in accordance with and shall be governed by
the laws of England and Wales.

                                       5
<PAGE>

            (c) This  Agreement  constitutes  the  entire  agreement  among  the
parties hereto with respect to the subject matter hereof and may be amended only
by a writing executed by all parties.

            (d) This Agreement shall be binding upon the legal  representatives,
successors and assigns of all parties hereto.

            (e) All terms used herein  shall be deemed to include the  masculine
and the Feminine and the singular and the plural as the context requires.

                           [Signature Page to Follow]

                                       6
<PAGE>

                                 SIGNATURE PAGE
                                 --------------

EXECUTED this 9th day of February, 2005

Number of Shares subscribed for:   795,394 Shares

Aggregate Purchase Price:   $604,500

----------------------------                     ----------------------------
 (Signature of Subscriber)                       (Signature of Spouse, or
                                                 other joint tenant, if any)

 ----------------------------                    ----------------------------
 (Printed Name of Subscriber)                    (Printed Name of Spouse, or
                                                 other joint tenant, if any)

----------------------------                     -----------------------------

----------------------------                     -----------------------------
       (Address)                                          (Address)

Check Appropriate Space:
______________/Individual Ownership
______________/Joint Tenants with Right of Survivorship
______________/Tenants in Common
______________/Other: _________________

                                   ACCEPTANCE
                                   ----------

APPROVED AND ACCEPTED in accordance with the terms of this
Agreement on                      , 2005.

FUTUREMEDIA PLC

By:
     ---------------------------------------------------------
Name:
Title:

                                       7

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