SMG/Chris Evans Settlement

SMG PLC 28 July 2003 Litigation Settlement SMG plc ('SMG') announces today (28 July) that it has reached a full and final cash settlement with Mr Chris Evans relating to the recent court case. SMG will receive £7m, which covers all costs and damages. Further enquiries Callum Spreng, Corporate Affairs Director, SMG 0141 300 3640 Note On 26 June 2003, SMG successfully defended the legal action brought by Chris Evans. The court ruled that Chris Evans had broken the terms of his contract and that Virgin Radio acted properly in terminating his contract. Mr Justice Lightman decided that he was not entitled to any of the shares he was claiming and dismissed his claim for damages. The judge made it clear that Virgin Radio was entitled to seek costs and damages from Chris Evans. This information is provided by RNS The company news service from the London Stock Exchange

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