Director/PDMR Shareholding

SMG PLC
12 July 2007


SMG plc (the 'Company') Grant of Awards under the Amended LTIP

SMG plc announces that on 12 July 2007 the Remuneration Committee has granted
the following conditional nil cost share awards to the Executive Directors 
under the amended SMG plc 2005 Long-Term Incentive Plan (the 'LTIP') approved
by shareholders at an Extraordinary General Meeting of the Company on 15 June
2007. In accordance with the rules of the LTIP, LTIP awards were granted on 12 
July 2007 at a price of £0.51 per Ordinary Share (the closing share price 
on the preceding dealing day) as follows:

   Executive                           Number of Ordinary Shares subject to the 
   Director                                    LTIP Award at a price of 
                                               £0.51 per Ordinary Share

Rob Woodward                                        2,235,294
(Chief Executive)                           

George Watt                                           839,215
(Chief Financial Officer)                  

Anmar Kawash                                          839,215
(Director of Strategy and Planning) 
                                                             
Robert Hain                                           284,313
(Managing Director,Broadcasting)

David Archer
(Managing Director, stv Ventures)                     284,313
                                                           
Elizabeth Partyka
(Acting Managing Director, Content)                   254,901                                                           

Suzanne Burns                                         147,058
(HR Director)                                                         

The Ordinary Shares subject to LTIP awards will normally only be released to 
the Directors in three years time subject to their continued employment and the
satisfaction of the following performance conditions. The performance
conditions for the 2007 LTIP grant are as follows:-

The Award will be split into three Parts:-

Part of the Award         Measurement Point                    %age of Award 
                                                             capable of Release

Part 1                 Share price 12 months after grant           33%
Part 2                 Share price 24 months after grant           33%
Part 3                 Share price 36 months after grant           34%


The performance conditions for each Part of the Award are as follows:-

Element                Share Price Target           %age of Part of 
                                                  Award capable of Release

Part 1                        60p                        0%
                             100p                      100%

Part 2                        80p                        0%
                             120p                      100%

Part 3                       100p                        0%
                             140p                      100%

• The Company share price measured against the relevant Share Price Targets
  to determine whether the relevant Part of the Award is capable of release
  will be based on the average of the closing prices of a Company share over
  the 30 days ending on the date of the measurement point (set out above).
• Any Part of the Award capable of release in accordance with the above
  schedule will be 'banked'. Banked Parts of the Award will be released on the
  third anniversary of the date of grant provided the Director remains
  employed by the Company;
• any Part of the Award not capable of release at a particular measurement
  point will be rolled over into the next Part of the Award. For example if
  20% of the 33% of the Award subject to Part 1 was deemed capable of release
  and banked the balance of 13% would be added to Part 2.
• Any part of the Award not released on the third anniversary of the date
  of grant will lapse.


  - ENDS -


Further enquiries:

Jane E A Tames
Company Secretary, SMG plc
Tel: [phone]



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