Acquisition

SMG PLC
26 February 2001



SMG plc

26 February 2001

SMG acquires a further stake in SRH

The Board of SMG plc ('SMG') confirms that on 23 February 2001 it acquired a
further 615,667 ordinary shares in Scottish Radio Holdings plc ('SRH'),
representing 1.9 % of the company's issued share capital.  These shares were
acquired at 1595p per SRH share and represented a total consideration of
£9.8 million.

As a result, SMG now owns a total of 8,213,761 ordinary shares in SRH,
representing 24.9% of the company's issued share capital.

Enquiries:

SMG
Callum Spreng, Corporate Affairs Director    0141 300 3640

Schroder Salomon Smith Barney
David Wormsley                               0207 986 4000
Simon Gluckstein                             0207 986 4000

Hoare Govett
Mark Astaire                                 0207 678 8000
Sara Coghill                                 0207 678 8000

Salomon Brothers International Limited, trading as Schroder Salomon Smith
Barney ('SSSB'), which is regulated in the United Kingdom by The Securities
and Futures Authority Limited, is acting exclusively for SMG plc and no one
else in connection with the transaction and will not be responsible to anyone
other than SMG plc for providing the protections afforded to customers of SSSB
or for giving advice in relation to the transaction or any element thereof.
Salomon Smith Barney is a service mark of Salomon Smith Barney Inc. Schroder
is a trademark of Schroders Holdings plc and is used under licence.