9 September 2009

                    Property Recycling Group plc

               ("Property Recycling" or the "Company")

                      Options granted at Brigg

Property Recycling  has  granted  options  over  two  areas  of  land
extending in total to 41.5 hectares on its 50 hectare site.

The options are for one year with a right to extend into two  further
two year periods. Accordingly, the  total option period available  to
the option  holder is  five  years.  An  option  fee of  £600,000  is
payable in  the first  year, including  a sum  of £300,000  which  is
repayable if Property  Recycling Group plc  fails to satisfy  certain
specific conditions.   During  the  first option  period  the  option
holder will carry out site due diligence with a view to assessing the
viability of their proposals.

This arrangement is similar in character to the option agreement with
IKEA Properties for the Company's Stanton site which did not  proceed
to sale.  The Board considers that these arrangements provide  useful
short-term income and the possibility of an improved planning profile
at the  cost of  the option  holder.   In the  event that  the  whole
process continues to  completion and both  options are exercised  the
sale value would  be approximately  £8 million.  The Board,  however,
wishes to emphasise  the only  certain income from  these options  is
£300,000.



Contacts

Paul Rackham, Chairman
Property Recycling Group plc
www.propertyrecycling.co.uk
01953 717176

Geoff Nash/Rose Herbert
FinnCap
Nominated Adviser
020 7600 1658

Robert Luetchford/John Webb
Marshall Securities
Joint Broker
020 7490 3788

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