Scheme of Arrangement

Scottish Media Group PLC
23 June 2000


Scheme of Arrangement ('the Scheme') to create SMG plc as holding company of
Scottish Media Group plc, including an effective 4 for 1 sub-division of
existing ordinary shares.

Further to the announcement of 16 June 2000, the Board of Scottish Media Group
plc is pleased to announce that the Court has today sanctioned the Scheme.
Accordingly, today is the last day of dealings in Scottish Media Group plc 10p
ordinary shares and Scottish Media Group plc CULS and the Record Date for
transfers on the register is at the close of business today.  Dealings in the
new SMG plc 2.5p ordinary shares and new SMG plc CULS are expected to commence
on 26 June 2000.