Director/PDMR Shareholding

SMG PLC
02 October 2007




TR-1: Notifications of Major Interests in Shares


1.  Identity of the issuer or the underlying issuer of existing shares to which 
    voting rights are attached:  

    SMG plc

              
2.  Reason for notification (yes/no)
                                                                                                         
    An acquisition or disposal of voting rights                             Yes
                                                              
    An acquisition or disposal of financial instruments which may result  
    in the acquisition of shares already issued to which voting rights       No      
    are attached

    An event changing the breakdown of voting rights                         No
                                                           
    Other (please specify):______________                                    No
                                                          

3.  Full name of person(s) subject to notification obligation:

    Hanover General Partner I Limited

    Matthew R Peacock

    Hanover I Master Fund LP where the shares are registered in the name of 
    Vidacos Nominees Limited

    Hanover I Fund LP where the shares are registered in the name of Vidacos 
    Nominees Limited


4.  Full name of shareholder(s) (if different from 3):                                  

    As above


5.  Date of transaction(and date on which the threshold is crossed or reached 
    if different):

    28 September 2007


6.  Date on which issuer notified: 

    1 October 2007    
                                              

7.  Threshold(s) that is/are crossed or reached:   

    13%                                                                                                      


8: Notified Details

A: Voting rights attached to shares

Class/type   Situation previous    Resulting situation after the triggering 
of shares    to thetriggering      transaction
If possible  transaction
use ISIN     Number of  Number of  Number of  Number of voting   Percentage of
code         shares     voting     shares     rights             voting rights
                        rights                Direct    Indirect Direct   Indirect
GB0004325402 40,576,518 40,576,518 41,576,518 41,576,518         13.13%


B: Financial Instruments

Resulting situation after the triggering transaction
Type of     Expiration  Exercise/     No. of voting rights that may   Percentage
financial   date        conversion    be acquired (if the instrument  of voting
instrument              period/date   exercised/converted)            rights


Total (A+B)

Number of voting rights              Percentage of voting rights
41,576,518                           13.13%


9.  Chain of controlled undertakings through which the voting rights and/or the
    financial instruments are effectively held, if applicable:

    Vidacos Nominees Limited controls the total voting rights; being the 
    vehicle managed by the Prime Broker to Hanover I Fund LP and Hanover I Fund.


Proxy Voting:

10. Name of proxy holder:            

    UBS Global Asset Management on behalf of a number of asset management 
    clients.


11. Number of voting rights proxy holder will cease to hold:


12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:


14. Contact name:                                    
    
    Jane E A Tames


15. Contact telephone name:                         

    0141 300 3074




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