Holding(s) in Company

SMG PLC
10 October 2006


NOTIFICATION OF MAJOR INTERESTS IN SHARES

1.  Name of listed company:

    SMG plc

2.  Name of shareholder with a major interest:

    SVG Capital plc

3.  Please state whether notification indicates that it is regarding the
    holding of the shareholder named in 2 above; 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:

    The Northern Trust Company, London        9,524,480
    Chase Nominees Limited A/C CMBL             488,731
    HSBC Bank plc                             5,100,299

5.  Number of shares/amount of stock acquired:

    N/A

6.  Percentage of issued class (any treasury shares held by the listed
    company should not be taken into account when calculating percentage):

    N/A

7.  Number of shares/amount of stock disposed:

    693,361

8.  Percentage of issued class (any treasury shares held by the listed
    company should not be taken into account when calculating percentage):

    0.22%

9.  Class of security:

    Ordinary Shares of 2.5p

10. Date of transaction:
    
    Not notified

11. Date listed company informed:

    10 October 2006

12. Total holding following this notification:

    15,113,510

13. Total percentage holding of issued class following this notification (any
    treasury shares held by the listed company should not be taken into account
    when calculating percentage):

    4.79%

14. Any additional information:

    None

15. Name of contact and telephone number for queries:

    Sara Clarke
    0141 300 3074

16. Name and signature of duly authorised officer of the listed company
    responsible for making this notification:

    Sara Clarke, Company Secretary

    Date of notification:

    10 October 2006



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