Holding(s) in Company

TR-1: Notifications of Major Interests in Shares

1.      Identity of the issuer or the underlying issuer of             SMG plc
        existing shares to which voting rights are
        attached:

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         No
acquisition of shares already issued to which voting rights are attached

An event changing the breakdown of voting rights                                    No

Other (please specify):______________                                               No

3.      Full name of person(s) subject to               UBS Global Asset Management -
        notification obligation:                                 Traditional

4.      Full name of shareholder(s) (if different  UBS Global Asset Management (Americas)
        from 3):                                                     Inc
                                                   UBS Global Asset Management (Australia)
                                                                     Ltd
                                                    UBS Global Asset Management (Canada)
                                                                     Co.
                                                   UBS Global Asset Management (France) SA
                                                    UBS Global Asset Management (UK) Ltd
                                                    UBS Global Asset Management Life Ltd

5.      Date of transaction (and date on which the            16 September 2008
        threshold is crossed or reached if
        different):

6.      Date on which issuer notified:                        18 September 2008

7.      Threshold(s) that is/are crossed or                        16.94%
        reached:

8.      Notified Details

A:      Voting rights attached to shares









Class/type   Situation previous to the   Resulting situation after the triggering
of shares    triggering transaction      transaction
If possible  Number of       Number of   Number of   Number of voting      Percentage of
use ISIN     shares          voting      shares      rights                voting rights
code                         rights                  Direct    Indirect    Direct Indirect
GB0004325402   161,824,790   161,824,790 161,089,595 6,751,765 154,337,830 0.71%   16.23%

B:      Financial Instruments

Resulting situation after the triggering transaction

Type of financial   Expiration date  Exercise/           No. of voting rights Percentage
instrument                           conversion          that may be acquired of voting
                                     period/date         (if the instrument   righs
                                                         exercised/converted)

Total (A+B)

Number of voting rights                      Percentage of voting rights
161,089,595                                  16.94%

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

        UBS Global Asset Management (Americas) Inc - 5,913,841 (0.62%)
        UBS Global Asset Management (Australia) Ltd - 446,240 (0.05%)
        UBS Global Asset Management (Canada) Co. - 630,615 (0.07%)
        UBS Global Asset Management (France) SA - 108,848 (0.01%)
        UBS Global Asset Management (UK) Ltd - 147,238,286 (15.48%)
        UBS Global Asset Management Life Ltd - 6,751,765 (0.71%)

Proxy Voting:

10.     Name of proxy holder:

11.     Number of voting rights proxy holder will cease to hold:

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

13.     Additional information:

14      Contact name:                           Jane E A Tames

15.     Contact telephone:                      0141 300 3074

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