Holding(s) in Company

SMG PLC
26 September 2007




TR-1: Notifications of Major Interests in Shares


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

     SMG plc


2.   Reason for notification (yes/no)

     An acquisition or disposal of voting rights                            Yes

     An acquisition or disposal of financial instruments which may result   No
     in the 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 notification obligation:           

     UBS Global Asset Management - Traditional


4.   Full name of shareholder(s) (if different from 3):

     UBS Global Asset Management (UK) Limited                                               
     UBS Global Asset Management Life Limited
         

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

     21 September 2007


6.   Date on which issuer notified:                  

     25 September 2007


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

     10.03%


8:   Notified Details

A: Voting rights attached to shares

Class/type   Situation previous    Resulting situation after the triggering 
of shares    to the triggering     transaction
If possible  transaction
use ISIN     
code         Number of  Number of  Number of  Number of voting     Percentage of
             shares     voting     shares     rights               voting rights
                        rights              
                                   Direct     Direct    Indirect   Direct Indirect

GB0004325402 31,543,001 31,543,001 31,782,435 1,040,797 30,741,638 0.33%  9.70%


B: Financial Instruments

Resulting situation after the triggering transaction

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


Total (A+B)

Number of voting rights              Percentage of voting rights

31,782,435                           10.03%


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

     UBS Global Asset Management (UK) Limited - 30,741,638 (9.70%)
     UBS Global Asset Management Life Limited -  1,040,797 (0.33%)


Proxy Voting:

10.  Name of proxy holder:            

     UBS Global Asset Management on behalf of a number of asset management 
     clients

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 number:                         

     0141 300 3074






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