Holding(s) in Company

SMG PLC
23 April 2004


SCHEDULE 10
NOTIFICATION OF MAJOR INTERESTS IN SHARES

1)   Name of Company

     SMG plc

2)   Name of shareholder having a major interest

     Fidelity Investments

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.

     Fidelity Management & Research Company (FMRCO)
     HSBC                                                750,000
     Chase Nominees Ltd                                  6,890,643
     State Street Nominees Ltd                           1,281,557
     Mellon Bank                                         539,444

     Fidelity Investment Services Ltd (FISL)
     Chase Nominees Ltd                                  4,963,713
     Chase Manhattan Bank London                         7,892,466

     Fidelity Pension Management (FPM)
     Bank of New York London                             489,035
     Northern Trust                                      246,400
     Deutsche Bank                                       44,300
     Citibank                                            110,912
     HSBC                                                534,291
     Chase Nominees Ltd                                  383,100

     Fidelity International Ltd (FIL)
     Chase Manhattan Bank London                         669,535
     Northern Trust                                      1,154,073
     Deutsche Bank                                       710,009
     Citibank                                            66,200
     Bank of New York London                             792,366
     JP Morgan                                           9,037
     State Street Nominees Limited                       15,000
     Bank of New York Brussels                           34,637
     Nortrust Nominees Limited                           181,072
     Morgan Stanley                                      7,704
     State Street Bank & Trust                           232,359
     HSBC                                                124,000

5)   Number of shares/amount of stock disposed

     N/A

6)   Percentage of issued class

     N/A

7)   Number of shares/amount of stock disposed

     3,195,269

8)   Percentage of issued class

     1.02%

9)   Class of security

     Ordinary Shares of 2.5p

10)  Date of transaction

     22 April 2004

11)  Date company informed

     23 April 2004

12)  Total holding following this notification

     28,121,853

13)  Total percentage holding of issued class following this
     notification

     8.95%

14)  Any additional information

     These notifications of disclosable interests constitute separate
     notifications of interest in the shares and are combined for the
     purposes of clarity. Nothing herein should be taken to indicate
     that FMR Corp and its direct and indirect subsidiaries, Fidelity
     International Limited and its direct and indirect subsidiaries or
     Mr Edward C Johnson 3d act as a group or in concert in respect of
     the disclosed interests, or that they are required to submit these
     notifications on a joint basis. The disclosable interests arise
     under Section 208(4)(b) of the Act, namely where a person, not
     being the registered holder, is entitled to exercise a right
     conferred by the holding of the shares or to control the exercise
     of such rights, or under Section 203 of the Act respectively.

15)  Name of contact and telephone number for queries

     Callum Spreng - Tel No: 0141 300 3640

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

     Sara Clarke - Company Secretary
     23 April 2004




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