Holding(s) in Company

SMG PLC
21 May 2002


                                                      SCHEDULE 10

                                       NOTIFICATION OF MAJOR INTERESTS IN SHARES
1)        Name of company
          SMG plc

2)        Name of shareholder having a major interest
          Morley Fund Management Ltd and its holding company, CGNU plc

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

          BNY Norwich Union Nominees Ltd
          4,298,686
          Chase GA Group Nominees Ltd
          1,519,460
          CUIM Nominee Ltd
          3,085,695

5)        Number of shares/amount of stock acquired
          Not notified

6)        Percentage of issued class
          Not notified

7)        Number of shares/amount of stock disposed
          2,757,609

8)        Percentage of issued class
          0.88%

9)        Class of security
          Ordinary Shares of 2.5p

10)       Date of transaction
          Not notified

11)       Date company informed
          20 May 2002

12)       Total holding following this notification
          8,903,841

13)       Total percentage holding of issued class following this notification
          2.83%

14)       Any additional information
          This notification is of disclosable interests under the UK Companies Act 1985 Sections 198 to 202. While this
          information details the disclosable interests of more than one entity, the disclosure constitutes separate
          notifications of interest which have been combined solely for purposes of clarity and efficiency. It is not
          intended to indicate that any of the entities act as a group or in concert with respect to these interests.

15)       Name of contact and telephone number for queries
          Lorna Tunn - Tel No: 0141 300 3125

16)       Name and signature of authorised company official responsible for
          making this notification

          Sara Clarke - Company Secretary
          21 May 2002


                      This information is provided by RNS
            The company news service from the London Stock Exchange