Scottish Media Group PLC
4 February 2000
NOTIFICATION OF INTERESTS
Scottish Media Group plc ('SMG') and Scottish Media Group (Jersey) Limited
('SMG (Jersey)') have today been notified of the following interests in units
of convertible unsecured loan stock in SMG (Jersey) ('Stock Units') acquired
at a price of £9.10 per unit pursuant to the offers made (i) by way of rights
to qualifying SMG shareholders, and (ii) to holders of convertible loan stock
in SMG, which (in each case) closed for acceptances on 3rd February, 2000:-
Aggregate Aggregate
No. of % of all interests in interests as % of
Stock Stock SMG ordinary SMG ordinary
Name(1) Units Units shares(2) share capital(3)
Donald Cruickshank 150 <0.1% 3,150 <0.1%
Dr. Calum MacLeod 20,000 0.3% 220,000 0.3%
Andrew Flanagan 514 <0.1% 154,932 <0.1%
Gary Hughes 386 <0.1% 100,467 <0.1%
Donald Emslie 257 <0.1% 68,819 <0.1%
Desmond Hudson 10 <0.1% 54,128 <0.1%
Donald Waters 12,513 0.19% 108,427 0.15%
(1) All of the individuals listed are directors of SMG. Andrew Flanagan and
Gary Hughes are also directors of SMG (Jersey).
(2) Each Stock Unit will convert into one preference share in SMG (Jersey)
and each such preference share will automatically be acquired by SMG in
exchange for the issue of one SMG ordinary share (pursuant to an offer
(the 'Offer') made by SMG) upon completion of the acquisition by SMG
(Jersey) of Ginger Media Group Limited. This column shows the aggregate
number of SMG ordinary shares in which the relevant SMG directors are
interested, including those shares which may be issued pursuant to the
Offer based on the number of Stock Units in which the directors are
respectively interested.
(3) Assumes conversion of all Stock Units and the issue of an equivalent
number of SMG ordinary shares pursuant to the Offer, but no further
issues of SMG ordinary shares.
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