Holding(s) in Company

SMG PLC
09 January 2003

                                  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                                                  677,660
          Chase Nominees Ltd                                    8,116,494
          State Street Nominees Ltd                             470,757
          Fidelity Management Trust Company (FMTC)
          State Street Bank & Trust                             199,600
          Fidelity Investment Services Ltd (FISL)
          Chase Nominees Ltd                                    6,294,000
          Chase Manhattan Bank London                           3,123,157
          Fidelity Pension Management (FPM)
          Bank of New York London                               980,580
          Northern Trust                                        139,000
          Deutsche Bank                                         48,500
          Citibank                                              94,000
          Fidelity International Ltd (FIL)
          Chase Manhattan Bank London                           202,948
          Chase Nominees Limited                                68,000
          Northern Trust                                        1,112,900
          Deutsche Bank                                         52,000
          Deutsche Bank AG, London                              38,500
          Citibank                                              66,000
          Bank of New York London                               72,500

5)        Number of shares/amount of stock acquired
          N/A

6)        Percentage of issued class
          N/A

7)        Number of shares/amount of stock disposed
          6,124,850

8)        Percentage of issued class
          1.95%

9)        Class of security
          Ordinary Shares of 2.5p

10)       Date of transaction
          7 January 2003

11)       Date company informed
          9 January 2003

12)       Total holding following this notification
          21,756,596

13)       Total percentage holding of issued class following this notification
          6.92%

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
          Callum Spreng - Tel No: 0141 300 3640

16)       Name and signature of authorised company official responsible for 
          making this notification
          Sara Clarke - Company Secretary
          9 January 2003


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