Director/PDMR Shareholding

SMG PLC
29 June 2007


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS

This form is intended for use by an issuer to make a RIS notification required
by DR 3.1.4R(1).

(1) An issuer making a notification in respect of a transaction relating to the
shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.

(2) An issuer making a notification in respect of a derivative relating to the
shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.

(3) An issuer making a notification in respect of options granted to a 
director/person discharging managerial responsibilities should complete boxes 
1 to 3 and 17 to 24.

(4) An issuer making a notification in respect of a financial instrument
relating to the shares of the issuer (other than a debenture) should complete
boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.

Please complete all relevant boxes in block capital letters.

1.  Name of the issuer

    SMG PLC

2.  State whether the notification relates to

    (i)   a transaction notified in accordance with DR 3.1.4R(1)(a); or
    (ii)  DR 3.1.4(R)(1)(b) a disclosure made in accordance with section 324 
          (as extended by section 328) of the Companies Act 1985; or
    (iii) both (i) and (ii)

    (i) A TRANSACTION NOTIFIED IN ACCORDANCE WITH DR3.1.4R(1)(a)

3.  Name of person discharging managerial responsibilities/director

    MATTHEW PEACOCK

4.  State whether notification relates to a person connected with a person
    discharging managerial responsibilities/director named in 3 and identify 
    the connected person
 
    HANOVER 1 FUND LP
    HANOVER 1 MASTER FUND LP

5.  Indicate whether the notification is in respect of a holding of the person
    referred to in 3 or 4 above or in respect of a non-beneficial interest
 
    THE NOTIFICATION RELATES TO THE PERSON REFERRED TO IN 4 ABOVE

6.  Description of shares (including class), debentures or derivatives or
    financial instruments relating to shares

    5P ORDINARY SHARES

7.  Name of registered shareholders(s) and, if more than one, the number of
    shares held by each of them

    VIDACOS NOMINEES LIMITED - 6,252,890 SHARES ON BEHALF OF HANOVER 1 FUND LP
    VIDACOS NOMINEES LIMITED - 34,323,628 SHARES ON BEHALF OF HANOVER 1 MASTER 
    FUND LP

8   State the nature of the transaction

    PURCHASE OF SHARES

9.  Number of shares, debentures or financial instruments relating to shares
    acquired

    800,000

10. Percentage of issued class acquired (treasury shares of that class should
    not be taken into account when calculating percentage)

    0.25%

11. Number of shares, debentures or financial instruments relating to shares
    disposed

    N/A

12. Percentage of issued class disposed (treasury shares of that class should
    not be taken into account when calculating percentage)

    N/A

13. Price per share or value of transaction

    800,000 SHARES PURCHASED AT 53.35P

14. Date and place of transaction

    27 June 2007, LONDON

15. Total holding following notification and total percentage holding following
    notification (any treasury shares should not be taken into account when 
    calculating percentage)

    39,776,518 (12.81%)

16. Date issuer informed of transaction

    28 June 2007

    If a person discharging managerial responsibilities has been granted options
    by the issuer complete the following boxes

17. Date of grant

    N/A

18. Period during which or date on which it can be exercised

    N/A

19. Total amount paid (if any) for grant of the option

    N/A

20. Description of shares or debentures involved (class and number)

    N/A

21. Exercise price (if fixed at time of grant) or indication that price is to
    be fixed at the time of exercise

    N/A

22. Total number of shares or debentures over which options held following
    notification

    N/A

23. Any additional information

    N/A

24. Name of contact and telephone number for queries

    Jane E A Tames - Company Secretary
    0141 300 3074

Name and signature of duly authorised officer of issuer responsible for making
Notification

    Jane E A Tames - Company Secretary
    
    Date of notification
    
    29 June 2007



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