Moneyextra Sharedealing

Property Recycling Group plc has been advised by Midas Investment Management Limited that the notification it sent to the company yesterday 15 December 2009 (which was announced on that day) was incorrect in respect of the underlying shareholder.(box 4). A corrected notification is set out below:

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: 

Property Recycling Group plc

2 Reason for the notification (please tick the appropriate box or boxes):

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

Other (please specify):

3. Full name of person(s) subject to the
notification obligation:

Pershing Nominees Limited A/C MDCLT

4. Full name of shareholder(s) 
 (if different from 3.):

Funds under the discretionary management
 of Midas Investment Management Ltd

5. Date of the transaction and date on
which the threshold is crossed or
reached:

15 December 2009

6. Date on which issuer notified:

15 December 2009

7. Threshold(s) that is/are crossed or
reached: 

15 per cent.

8. Notified details:

A: Voting rights attached to shares 

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights x

Direct

Direct 

Indirect 

Direct

Indirect

GB00B09G4F14

5,291,279

5,291,279

5,431,279

5,431,279

15.0%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date 

Exercise/ 
Conversion Period 

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

Total (A+B)

Number of voting rights

Percentage of voting rights

5,431,279

15.0 per cent.

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi

Proxy Voting:

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:

13. Additional information:

14. Contact name:

David Rodrigues

15. Contact telephone number:

0044 161 242 2895