Holding in Company

SMG PLC
15 May 2001

                                 SCHEDULE 10

                  NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)    Name of company
      SMG plc

2)    Name of shareholder having a major interest
      Morley Fund Management Ltd and its holding company, CGNU plc

3)    Please state whether notification indicates that it is in respect of
      holding of the shareholder named in 2 above or in respect of a
      non-beneficial interest or in the case of an individual holder if it is a
      holding of that person's spouse or children under the age of 18
      Non-Beneficial

4)    Name of the registered holder(s) and, if more than one holder, the
      number of shares held by each of them
      BNY Norwich Union Nominees Ltd                          8,540,440
      Chase GA Group Nominees Ltd                             586,315
      CUIM Nominee Ltd                                        556,265

5)    Number of shares/amount of stock acquired
      Not notified

6)    Percentage of issued class
      Not notified

7)    Number of shares/amount of stock disposed
      Not notified

8)    Percentage of issued class
      Not notified

9)    Class of security
      Ordinary Shares of 2.5p

10)   Date of transaction
      Not notified

11)   Date company informed
      14 May 2001

12)   Total holding following this notification
      9,683,020

13)   Total percentage holding of issued class following this notification
      3.09%

14)   Any additional information
      This notification is of disclosable interests under the UK Companies Act
      1985 Sections 198 to 202. While this information details the disclosable
      interests of more than one entity, the disclosure constitutes separate
      notifications of interest which have been combined solely for purposes of
      clarity and efficiency. It is not intended to indicate that any of the
      entities act as a group or in concert with respect to these interests.

15)   Name of contact and telephone number for queries
      Lorna Tunn

      Tel No: 0141 300 3229

16)   Name and signature of authorised company official responsible for
      making this notification

      Dawn Davidson - Company Secretary
      15 May 2001