Holding(s) in Company

SMG PLC
16 December 2004



                                  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)

       JP Morgan Chase Bank                           6,338,443
       State Street Bank and Tr Co                    1,471,257

       Fidelity Investment Services Ltd (FISL)

       JP Morgan, Bournemouth                         18,202,877

       Fidelity Pension Management (FPM)

       Bank of New York Brussels                      310,680
       Bank of New York Europe Ldn                    91,200
       Citibank London                                152,800
       HSBC Bank Plc                                  555,500
       JP Morgan, Bournemouth                         1,601,100
       Northern Trust London                          1,615,124
       State Str Bk and Tr Co Ldnd                    1,016,300

       Fidelity International Ltd (FIL)

       JP Morgan, Bournemouth                         862,249
       Brown Bros Harrimn Ltd Lux                     2,569

5)     Number of shares/amount of stock acquired

       2,869,417

6)     Percentage of issued class

       0.91%

7)     Number of shares/amount of stock disposed

       0

8)     Percentage of issued class

       0%

9)     Class of security

       Ordinary Shares of 2.5p

10)    Date of transaction

       10 December 2004

11)    Date company informed

       16 December 2004

12)    Total holding following this notification

       32,220,099

13)    Total percentage holding of issued class following this notification

       10.25%

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 MrEdward 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
       16 December 2004




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