Holding(s) in Company

SMG PLC
31 March 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 Life Limited
     UBS Global Asset Management (UK) Limited
              

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

     27 March 2008


6.   Date on which issuer notified:                    

     31 March 2008


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

     17.38%


8:   Notified Details

A:   Voting rights attached to shares

Class/type   Situation previous to   Resulting situation after the triggering transaction
of shares    the triggering 
If possible  transaction
use ISIN     
code         Number of   Number of   Number of   Number of voting      Percentage of
             shares      voting      shares      rights                voting rights
                         rights      Direct      Direct    Indirect    Direct Indirect
GB0004325402 143,325,476 143,325,476 165,386,333 5,050,371 160,335,962 0.53%  16.85%


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
165,386,333                          17.38%


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     - 2,535,676     (0.26%)
     UBS Global Asset Management Life Limited       - 5,050,371     (0.53%)
     UBS Global Asset Management (UK) Limited       - 157,800,286  (16.59%)


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 number:                         

     0141 300 3074






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