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UTV PLC (UTV)

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Wednesday 28 February, 2007

UTV PLC

Merger Update

UTV PLC
28 February 2007


UTV plc

28 February 2007

                     MERGER DISCUSSIONS WITH SMG PLC TERMINATED


The Board of UTV plc ('UTV') notes the announcement made by SMG plc ('SMG') and
confirms that discussions in relation to the proposed merger of UTV and SMG have
terminated.

In the process of conducting due diligence on SMG, UTV had identified certain
concerns, including SMG's pension deficit. UTV made these concerns known to SMG
and made it clear to SMG that UTV wished to either review the terms of its
original proposal or to withdraw its proposal.

As a consequence of this statement, the City Code on Takeovers and Mergers
prohibits UTV from, inter alia, announcing an offer or possible offer for SMG
within six months of today's date unless there is a material change of
circumstances or there has occurred an event which UTV has specified in this
statement as an event which would enable the statement to be put aside.
Accordingly, UTV reserves the right to announce an offer or possible offer for
SMG and/or to take any other action which would otherwise be restricted under
Rule 2.8 of the City Code within six months of the date of this statement:
     
(i)   with the agreement or recommendation from the board of SMG; or

(ii)  if there is an announcement by a third party of an offer (as defined in 
      the City Code) for SMG; or

(iii) if SMG announces a 'whitewash' proposal (as described in Note 1 of the 
      Notes on Dispensations from Rule 9) or a reverse takeover.


Press enquiries:

UTV plc
John McCann, Group Chief Executive                    Tel: +44 (0)28 9026 2202

Felicity Templeton, Head of Press and PR              Tel: +44 (0)28 9026 2188

Numis Securities Limited
Jag Mundi, Head of Corporate Finance                  Tel: +44 (0)20 7776 1582
Nick Westlake, Corporate Finance

Powerscourt
Rory Godson, Director                                 Tel: +44 (0)20 7236 5615
Victoria Brough, Director


Numis Securities Limited, which is authorised and regulated by the Financial
Services Authority, is acting exclusively for UTV and for no-one else in
connection with the matters referred to in this announcement and will not be
responsible to anyone other than UTV for providing the protections afforded to
customers of Numis Securities Limited nor for giving advice in relation to the
matters referred to in this announcement.





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