Holding(s) in Company

SMG PLC
15 May 2007




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 in the acquisition of shares already issued to 
   which voting rights are attached                                No 

   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 (UK) Limited
   
   UBS Global Asset Management Life Limited


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

   4 May 2007

6. Date on which issuer notified:       

   8 May 2007

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

   7.65%

8: Notified Details

   A: Voting rights attached to shares

Class/type   Situation previous  Resulting situation after the triggering
of shares    to the triggering   transaction
             transaction

             No. of   No.of     No. of     No. of voting rights  Percentage of 
             shares   voting    shares                           voting rights          
                      rights                 
 
                                Direct     Direct    Indirect    Direct Indirect
GB0004325402 Non-      Non-     24,221,409 1,098,327 23,123,082  0.34%  7.30%
            notifiable notifiable


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
   24,221,409                           7.65%

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

   UBS Global Asset Management (UK) Limited - 23,123,082 (7.30%)
   UBS Global Asset Management Life Limited - 1,098,327 (0.34%)

   
    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:

    n/a

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

    n/a

13. Additional information:

14  Contact name:                                   Jane E A Tames

15. Contact telephone name:                         0141 300 3074





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