Holding(s) in Company

SMG PLC
10 September 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:

    Morgan Stanley Investment Management Limited ('MSIM')


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

    Various clients for which MSIM has voting authority


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

    5 September 2007


6.  Date on which issuer notified:      
  
    6 September 2007


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

    <5%


8:  Notified Details

A:  Voting rights attached to shares

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

GB0004325402 32,636,187  30,729,568     0       0      0         0      0.00%



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

n/a         n/a         n/a          n/a                             n/a



Total (A+B)

Number of voting rights              Percentage of voting rights

0                                    0.00%


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


Proxy Voting:

10. Name of proxy holder:                                

    Morgan Stanley Investment Management Limited


11. Number of voting rights proxy holder will cease to hold:  
 
    30,729,568


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

    5 September 2007 


13. Additional information:


14. Contact name:                

    Jane E A Tames, 
    Company Secretary
    SMG plc


15. Contact telephone name:     

    0141 300 3074




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