Holding(s) in Company

SMG PLC
10 September 2004


                                  SCHEDULE 10
                   NOTIFICATION OF MAJOR INTERESTS IN SHARES


1)     Name of Company

       SMG plc

2)     Name of shareholder having a major interest

       Fidelity Investments

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.

       Fidelity Management & Research Company (FMRCO)

       Chase Nominees Ltd                             6,338,443
       State Street Nominees Ltd                      1,365,057

       Fidelity Investment Services Ltd (FISL)

       Chase Nominees Ltd                             651,700
       Clydesdale Bank (Head Office) Nominees Ltd     4,485,113
       Chase Manhattan Bank London                    10,122,892

       Fidelity Pension Management (FPM)

       Bank of New York London                        439,980
       BBH                                            2,569
       Chase Nominees Ltd                             456,100
       Citibank                                       96,600
       Deutsche Bank                                  44,300
       HSBC Client Holdings Nominee (UK) Ltd          653,400

       Fidelity International Ltd (FIL)

       Bank of New York                               662,200
       Chase Manhattan Bank London                    639,828
       Citibank                                       66,200
       Deutsche Bank                                  839,400
       JP Morgan                                      1,007,600
       Northern Trust                                 1,479,300

5)     Number of shares/amount of stock acquired

       1,228,829

6)     Percentage of issued class

       0.39%

7)     Number of shares/amount of stock disposed

       0

8)     Percentage of issued class

       0%

9)     Class of security

       Ordinary Shares of 2.5p

10)    Date of transaction

       6 September 2004

11)    Date company informed

       9 September 2004

12)    Total holding following this notification

       29,350,682

13)    Total percentage holding of issued class following this notification

       9.34%

14)    Any additional information

       These notifications of disclosable interests constitute separate
       notifications of interest in the shares and are combined for the purposes
       of clarity. Nothing herein should be taken to indicate that FMR Corp and
       its direct and indirect subsidiaries, Fidelity International Limited and
       its direct and indirect subsidiaries or MrEdward C Johnson 3d act as a
       group or in concert in respect of the disclosed interests, or that they
       are required to submit these notifications on a joint basis. The
       disclosable interests arise under Section 208(4)(b) of the Act, namely
       where a person, not being the registered holder, is entitled to exercise
       a right conferred by the holding of the shares or to control the exercise
       of such rights, or under Section 203 of the Act respectively.

15)    Name of contact and telephone number for queries

       Callum Spreng - Tel No: 0141 300 3640

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

       Sara Clarke - Company Secretary

       10 September 2004



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