Holding(s) in Company

SMG PLC
07 January 2008



TR-1: Notifications of Major Interests in Shares

1.  Identity of the issuer or the underlying issuer of existing shares to which 
    voting rights are attached:            
    
    SMG plc
        

2.  Reason for notification (yes/no)

    An acquisition or disposal of voting rights                             Yes

    An acquisition or disposal of financial instruments which may result    No
    in the acquisition of shares already issued to which voting rights     
    are attached

    An event changing the breakdown of voting rights                        No

    Other (please specify):______________                                   No


3.  Full name of person(s) subject to notification obligation:    

    UBS Global Asset Management - Traditional
                      

4.  Full name of shareholder(s) (if different from 3):           

    UBS Global Asset Management(Americas) Inc.
    UBS Global Asset Management (Australia)Limited
    UBS Global Asset Management (Canada) Co.
    UBS Global Asset Management Life Limited
    UBS Global Asset Management (UK) Limited


5.  Date of transaction (and date on which the threshold is crossed or reached 
    if different):               
              
    2 January 2008


6.  Date on which issuer notified:                   

    4 January 2008


7.  Threshold(s) that is/are crossed or reached: 

    13.23%


8: Notified Details

A: Voting rights attached to shares

Class/type   Situation previous to the  Resulting situation after the triggering transaction
of shares    triggering transaction
If possible
use ISIN     Number of   Number of      Number of   Number of             Percentage of
code         shares      voting rights  shares      voting rights         voting rights
                                                    Direct    Indirect    Direct  Indirect

GB0004325402 109,539,097 109,539,097    125,760,569 4,493,239 121,267,339 0.47%   12.76%


B: Financial Instruments

Resulting situation after the triggering transaction

Type of     Expiration Exercise/     No. of voting rights that may   Percentage
financial   date       conversion    be acquired (if the instrument  of voting
instrument             period/date   exercised/converted)            rights


Total (A+B)

Number of voting rights              Percentage of voting rights

125,760,569                          13.23%


9.  Chain of controlled undertakings through which the voting rights and /or the
    financial instruments are effectively held, if applicable:

UBS Global Asset Management (Americas) Inc. - 1,574,802 (0.17%)
UBS Global Asset Management (Australia) Limited - 175,285 (0.02%)
UBS Global Asset Management (Canada) Co. - 60,574 (0.01%)
UBS Global Asset Management Life Limited - 4,493,239 (0.47%)
UBS Global Asset Management (UK) Limited - 119,456,669 (12.56%)


Proxy Voting:

10. Name of proxy holder:            

    UBS Global Asset Management on behalf of a number of asset management clients


11. Number of voting rights proxy holder will cease to hold:


12. Date on which proxy holder will cease to hold voting rights:


13. Additional information:


14. Contact name:                                    

    Jane E A Tames


15. Contact telephone name:                         

    0141 300 3074






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