Holding(s) in Company

SMG PLC
27 May 2002


                                 SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)        Name of Company

          SMG plc

2)        Name of shareholder having a major interest

          Fidelity Investments

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.

          Fidelity Management & Research Company (FMRCO)
          HSBC                                                  655,160
          Chase Nominees Ltd                                    9,291,944
          State Street Nominees Ltd                             1,206,857

          Fidelity Investment Services Ltd (FISL)
          Chase Nominees Ltd                                    5,935,200
          Chase Manhattan Bank London                           3,652,706

          Fidelity Pension Management (FPM)
          Bank of New York London                               960,080
          Northern Trust                                        139,000
          Deutsche Bank                                         48,500
          Citibank                                              87,000

          Fidelity International Ltd (FIL)
          Chase Manhattan Bank London                           688,300
          Chase Nominees Limited                                1,460,200
          Northern Trust                                        1,148,600
          Deutsche Bank                                         47,500
          Deutsche Bank AG, London                              38,500
          Citibank                                              66,000
          Bank of New York London                               72,500
          HSBC                                                  110,200

5)        Number of shares/amount of stock acquired

          3,445,885

6)        Percentage of issued class

          1.10%

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

          22 May 2002

11)       Date company informed

          24 May 2002

12)       Total holding following this notification

          25,608,247

13)       Total percentage holding of issued class following this notification

          8.15%

14)       Any additional information

          These notifications of disclosable interests constitute separate 
          notifications of interest in the shares and are combined for the 
          purposes of clarity. Nothing herein should be taken to indicate that 
          FMR Corp and its direct and indirect subsidiaries, Fidelity 
          International Limited and its direct and indirect subsidiaries or
          Mr Edward C Johnson 3d act as a group or in concert in respect of the 
          disclosed interests, or that they are required to submit these 
          notifications on a joint basis. The disclosable interests arise under 
          Section 208(4) (b) of the Act, namely where a person, not being the 
          registered holder, is entitled to exercise a right
          conferred by the holding of the shares or to control the exercise of
          such rights, or under Section 203 of the Act respectively.

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
          27 May 2002



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