TIDMPROP 
 
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| Property Recycling Group plc has received the following           | 
| notification:                                                     | 
|                                                                   | 
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| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                    | 
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|                                           |                       | 
|-------------------------------------------+-----------------------| 
| 1. Identity of the issuer or the          |                       | 
| underlying issuer                         |    Property Recycling | 
| of existing shares to which voting rights |             Group plc | 
| are                                       |                       | 
| attached:                                 |                       | 
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| 2 Reason for the notification (please tick the appropriate box or | 
| boxes):                                                           | 
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| An acquisition or disposal of voting rights          |    Yes     | 
|------------------------------------------------------+------------| 
| An acquisition or disposal of qualifying financial   |            | 
| instruments which may result in the acquisition of   |            | 
| shares already issued to which voting rights are     |            | 
| attached                                             |            | 
|------------------------------------------------------+------------| 
| An acquisition or disposal of instruments with       |            | 
| similar economic effect to qualifying financial      |            | 
| instruments                                          |            | 
|------------------------------------------------------+------------| 
| An event changing the breakdown of voting rights     |            | 
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| Other (please specify): |                            |            | 
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| 3. Full name of person(s) subject | Pershing Nominees Limited A/C | 
| to the                            |                         MDCLT | 
| notification obligation:          |                               | 
|-----------------------------------+-------------------------------| 
| 4. Full name of shareholder(s)    |        The Directors' Dealing | 
|  (if different from 3.):          |          Investment Trust plc | 
|-----------------------------------+-------------------------------| 
| 5. Date of the transaction and    |                               | 
| date on                           |              15 December 2009 | 
| which the threshold is crossed or |                               | 
| reached:                          |                               | 
|-----------------------------------+-------------------------------| 
| 6. Date on which issuer notified: |              15 December 2009 | 
|-----------------------------------+-------------------------------| 
| 7. Threshold(s) that is/are       |                               | 
| crossed or                        |                  15 per cent. | 
| reached:                          |                               | 
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|8. Notified details:                                                                             | 
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|A: Voting rights attached to shares                                                              | 
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|Class/type of |Situation previous         |Resulting situation after the triggering transaction  | 
|shares        |to the triggering          |                                                      | 
|if possible   |transaction                |                                                      | 
|using         |---------------------------+------------------------------------------------------| 
|the ISIN CODE |Number         |Number     |Number     |Number of voting      |% of  voting rights| 
|              |of             |of         |of shares  |rights                |x                  | 
|              |Shares         |Voting     |-----------+----------------------+-------------------| 
|              |               |Rights     |Direct     |Direct     |Indirect  |Direct  |Indirect  | 
|--------------+---------------+-----------+-----------+-----------+----------+--------+----------| 
| GB00B09G4F14 |               |           |           |           |          |        |          | 
|--------------|   5,291,279   | 5,291,279 | 5,431,279 | 5,431,279 |          | 15.0%  |          | 
|              |               |           |           |           |          |        |          | 
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|                                                                                                 | 
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|B: Qualifying Financial Instruments                                                              | 
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|Resulting situation after the triggering transaction                                             | 
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|Type of financial    |Expiration      |Exercise/             |Number of voting    |% of voting   | 
|instrument           |date            |Conversion Period     |rights that may be  |rights        | 
|                     |                |                      |acquired if the     |              | 
|                     |                |                      |instrument is       |              | 
|                     |                |                      |exercised/          |              | 
|                     |                |                      |converted.          |              | 
|---------------------+----------------+----------------------+--------------------+--------------| 
|                     |                |                      |                    |              | 
|-------------------------------------------------------------------------------------------------| 
|                                                                                                 | 
|-------------------------------------------------------------------------------------------------| 
|                                                                                                 | 
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|Total (A+B)                                                                                      | 
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|Number of voting rights                          |Percentage of voting rights                    | 
|-------------------------------------------------+-----------------------------------------------| 
|5,431,279                                        |15.0 per cent.                                 | 
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| 9. Chain of controlled undertakings through which the voting      | 
| rights and/or the                                                 | 
| financial instruments are effectively held, if applicable: xxi    | 
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|                                                                   | 
|                                                                   | 
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|                                                                   | 
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| Proxy Voting:                                                     | 
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| 10. Name of the proxy holder:                               |     | 
|-------------------------------------------------------------+-----| 
| 11. Number of voting rights proxy holder will cease         |     | 
| to hold:                                                    |     | 
|-------------------------------------------------------------+-----| 
| 12. Date on which proxy holder will cease to hold           |     | 
| voting rights:                                              |     | 
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|                                                                   | 
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| 13. Additional information:                  |                    | 
|----------------------------------------------+--------------------| 
| 14. Contact name:                            | David Rodrigues    | 
|----------------------------------------------+--------------------| 
| 15. Contact telephone number:                | 0044 161 242 2895  | 
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=--END OF MESSAGE--- 
 
 
 
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.
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