Holding in Company

SMG PLC
24 August 2001


                  DEALINGS BY SUBSTANTIAL SHAREHOLDERS


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      8,706,484

     CHASE GA GROUP NOMINEES LTD         2,157,076

     CUIM NOMINEE LTD                    2,160,157

5)   Number of shares/amount of stock acquired.

     NOT NOTIFIED

6)   ( NOT NOTIFIED %) of issued Class

7)   Number of shares/amount of stock disposed

     NOT NOTIFIED

8)   ( NOT NOTIFIED %) of issued Class

9)   Class of security

     ORDINARY SHARES OF 2.5p

10)  Date of transaction

     NOT NOTIFIED

11)  Date company informed

     23 AUGUST 2001

12)  Total holding following this notification

     13,023,717
               
13)  Total percentage holding of issued class following this notification

     4.16%

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 3229

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

                             DAWN DAVIDSON-COMPANY SECRETARY
     Date of Notification ...23 AUGUST 2001