Director Shrhldg-Replacement

SMG PLC
12 September 2001


SMG plc

Company No. 203873

The issuer advises that the following amendment to the Director Shareholding
announcement released today at 10.23 a.m. under RNS No. 8557J has been made.

Information regarding director's awards under the SMG plc Performance Share
Plan and the SMG plc Executive Option scheme was attached in error. These
awards have not been made.


All other details remain unchanged.


The full corrected version is shown below.


The Company has been advised today (12 September 2001) that on 11 September
2001 the following directors increased their interests in SMG plc ordinary
shares of 2.5p.


The following directors purchased shares at a price of 145p per share.

Don Cruickshank                                            4,077
Calum MacLeod                                              2,650
Fiona Harrison                                             1,016
Steve Maine                                                755
Allan Shiach                                               871
Donald Waters                                              1,270