Results of Rights Issue

SMG PLC
19 December 2007



SMG PLC Results of Rights Issue


SMG PLC

19 December 2007



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO
AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.


                        SMG plc ('SMG' or 'the Company')


                             Results of Rights Issue

SMG announces that its 2 for 1 Rights Issue of 633,850,220 New Shares at 15
pence per New Share, as detailed in the Prospectus to Shareholders dated 6
November 2007, was successfully concluded at 11:00 a.m. on 18 December 2007, by
raising the full amount of £95.1 million targeted by the Company at the start of
the process.  As previously announced on 30 November 2007, the Company will pay
back its existing debt facilities in their entirety and return to normalised
borrowing levels at standard commercial terms.

The Company received valid acceptances in respect of 361,826,911 New Shares from
Qualifying Shareholders, which represents an aggregate take-up of approximately
57.08 per cent.

The remaining 272,023,309 New Shares, none of which have been sold at a premium
to the Issue Price, will be taken up at the issue price of 15 pence per share by
sub-underwriters procured by Hoare Govett, being financial institutions and
existing shareholders.

It is expected that the New Shares in uncertificated form will be credited to
CREST accounts on 19 December 2007 and that definitive share certificates in
respect of New Shares in certificated form will be dispatched to shareholders by
21 December 2007.

Definitions used in the Prospectus dated 6 November 2007 apply in this
announcement unless the context otherwise requires.


Enquiries:

SMG plc
Tel: [phone]
Rob Woodward, Chief Executive
George Watt, Chief Financial Officer
Debbie Johnston, Head of Communications

Hoare Govett Limited (Sponsor, financial adviser, corporate broker and underwriter)
Tel: [phone]
Sara Hale
Stephen Bowler
Lee Morton

Brunswick Group LLP                                          Tel: [phone]
James Hogan
Simon Sporborg
Ash Spiegelberg



Other information

Hoare Govett Limited, which is authorised and regulated in the UK by the
Financial Services Authority, is acting as sponsor, underwriter, broker and
financial adviser exclusively for the Company and no one else in connection with
the Rights Issue and the admission of the New Shares to the Official List and to
trading on the London Stock Exchange's main market for listed securities and
will not be responsible to anyone other than the Company for providing
protections afforded to clients of Hoare Govett Limited and will not be advising
anyone other than the Company in relation to the Rights Issue, the proposed
admission to listing or trading, or any other matters referred to in this
announcement.

The release, publication or distribution of this announcement into certain
jurisdictions other than the UK may be restricted by law and therefore persons
in such jurisdictions into which this announcement is released, published or
distributed should inform themselves about and observe any such restrictions.
Any failure to comply with any such restrictions may constitute a violation of
the securities laws or regulation of such jurisdictions.

This announcement is not for release, publication or distribution, directly or
indirectly, in whole or in part, in or into Australia, Canada, Japan or the
United States and does not constitute, or form part of, an offer or the
solicitation of an offer, or inducement, or invitation to subscribe for, buy,
underwrite or otherwise acquire, any rights, shares or other securities, nor the
solicitation of any vote or approval in any jurisdiction, nor shall there be any
sale, issue or transfer of shares in the Company in any jurisdiction in
contravention of applicable law.

The securities referred to herein have not been and will not be registered under
the Securities Act and may not be sold or offered in the United States unless
registered under the Securities Act or an applicable exemption from such
registration.



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