DisposalofInterests in Hearts

SMG PLC
21 October 2005



SMG Agrees Disposal of Interests in Hearts

SMG plc ('SMG') confirms that it yesterday (20 October 2005) gave an irrevocable
undertaking to accept an offer for its 19.9% stake in Heart of Midlothian plc 
('Hearts') from Heart of Midlothian 2005 Limited, a company wholly owned by UAB
Ukio Banko Investicine Grupe ('UBIG') at a consideration of 35 pence per share
(£0.9m).

In a separate transaction, SMG has also entered into a conditional agreement
with UBIG for the sale of SMG's entire holding of convertible loan stock in
Hearts to UBIG for a consideration of just over £1.8m together with accrued
interest thereon.  Completion of the sale and purchase of the loan stock is
conditional upon, among other things, UBIG sending an offer document to
shareholders of Hearts offering to acquire the issued shares of Hearts which are
not already owned by UBIG or any party acting in concert with it.

As a result of these developments and in view of the fact that SMG will no
longer have any financial interests in Hearts, SMG's representative on the
Hearts board of directors, David Archer, has resigned from this position.


21 October, 2005


Further enquiries:


Callum Spreng
Corporate Affairs Director, SMG plc

0141 300 3640
07803 970 103






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