Director Shareholding

SMG PLC
15 March 2004


SMG plc
Company No. SC203873

The Company has been informed today, 15 March 2004, that the following
non-executive directors increased their interests in SMG plc ordinary shares of
2.5p on Friday 12 March 2004. The purchases institute part of the non-executive
directors' remuneration.
                           No of                             Total %ge
               No of      Shares            Total holding     holding
              Shares     purchased   Price    following      of issued
Director     Purchased   as a %age    per       this           class
                            of       share  notification     following
                          issued                               this
                           class                           notification

Don            5,685     0.00181%    £1.18     108,212       0.03443%
Cruickshank

David Dunn     1,327     0.00042%    £1.18      1,327        0.00042%

Michael        1,327     0.00042%    £1.18      1,327        0.00042%
Grade

Calum          2,506     0.00080%    £1.18     832,692       0.26495%
MacLeod

Steve Maine    1,296     0.00041%    £1.18      8,968        0.00285%

Allan          1,296     0.00041%    £1.18      9,232        0.00294%
Shiach

Donald         1,759     0.00056%    £1.18     404,567       0.12873%
Waters

Separate to the above purchases, the Company has also been informed today, 15
March 2004, that as a result of purchases by the SMG plc Inland Revenue Approved
Share Incentive Plan (SIP) on Friday 12 March 2004, the following directors
became the beneficial owners of SMG plc ordinary shares of 2.5 pence each. Also
on Friday 12 March 2004, the same directors also received awards under the
SMG plc Executive Share Option Scheme and also under the the SMG plc Performance
Share Plan:-
           SMG plc    SMG plc     SMG plc       Total        Total %age
            Share    Executive  Performance    holding       holding of
          Incentive    Share    Share Plan    following     issued class
Director    Plan      Option         *           this      following this
                     Scheme *                notification   notification

Andrew       106      379,310     180,698     3,178,878       1.01147%
Flanagan   @ £1.18    @ £1.16    @ £1.2175

George       106      109,914     69,815       977,629        0.31107%
Watt       @ £1.18    @ £1.16    @ £1.2175

Donald       106      206,897     98,563      1,574,558       0.50100%
Emslie     @ £1.18    @ £1.16    @ £1.2175

* These awards of ordinary shares will only vest if pre-determined performance
conditions are met.

Enquiries:
Sara Clarke - Company Secretary
0141 300 3074



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