Completion of Virgin Radio Di

Completion of Virgin Radio Disposal 

Further to an announcement made on 30 May, SMG plc today confirms the completion of the sale of Virgin Radio to TIML. As also previously announced the Board intends to return approximately £30million to shareholders. Details of the proposed return of cash to shareholders will be announced in a circular, which will be sent to shareholders immediately following the announcement of the Group's Interim Results on 28 August, with an EGM expected in mid September.

Further enquiries:

SMG PLC                                                        +44 20 7882 1199 
Rob Woodward, Group Chief Executive 
George Watt, Chief Financial Officer
Kirstin Elsby, PR Manager

Brunswick Group LLP                                     +44 20 7404 5959 
James Hogan 
Simon Sporborg 
Ash Spiegelberg 

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