Holding in Company

SMG PLC
11 January 2002


                                  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
    4,726,690
    Chase GA Group Nominees Ltd
    1,739,993
    CUIM Nominee Ltd
    5,194,767
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
    11 January 2002

12) Total holding following this notification
    11,661,450
13) Total percentage holding of issued class following this notification
    3.71%
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 3125
16) Name and signature of authorised company official responsible for
    making this notification
    Sara Clarke - Company Secretary
    11 January 2002