Holding in Company

SMG PLC 11 January 2002 SCHEDULE 10 NOTIFICATION OF MAJOR INTERESTS IN SHARES 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 4,726,690 Chase GA Group Nominees Ltd 1,739,993 CUIM Nominee Ltd 5,194,767 5) Number of shares/amount of stock acquired Not notified 6) Percentage of issued class Not notified 7) Number of shares/amount of stock disposed Not notified 8) Percentage of issued class Not notified 9) Class of security Ordinary Shares of 2.5p 10) Date of transaction Not notified 11) Date company informed 11 January 2002 12) Total holding following this notification 11,661,450 13) Total percentage holding of issued class following this notification 3.71% 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 3125 16) Name and signature of authorised company official responsible for making this notification Sara Clarke - Company Secretary 11 January 2002

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