Holding(s) in Company

SMG PLC
27 January 2003


                                                      SCHEDULE 10

                                       NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)        Name of Company

          SMG plc


2)        Name of shareholder having a major interest

          Morgan Stanley Investment Management Limited


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.
          Van Kampen Global Franchise Fund

          Chase Nominees Limited                                9,518,414


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

          N/A


8)        Percentage of issued class

          3.03%


9)        Class of security

          Ordinary Shares of 2.5p


10)       Date of transaction

          21 January 2003


11)       Date company informed

          24 January 2003


12)       Total holding following this notification

          9,518,414


13)       Total percentage holding of issued class following this notification

          3.03%


14)       Any additional information

          The name of the discretionary account is the Van Kampen Global Franchise Fund, a US Mutual Fund which is a
          subsidiary of Morgan Stanley Investment Management.

          Morgan Stanley Investment Management Limited is a member of the Morgan Stanley Group of companies. Those
          group companies which are direct or indirect holding companies of Morgan Stanley Investment Management
          Limited are, under the terms of Section 203 of the Companies Act 1985, each interested by attribution in any
          Shares in which Morgan Stanley Investment Management Limited is interested.


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
          27 January 2003


                      This information is provided by RNS
            The company news service from the London Stock Exchange