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Property Recyling Group plc (PROP)

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Wednesday 18 April, 2007

Property Recyling Group plc

Holding(s) in Company

Property Recycling Group plc has received the following notification
of a major interest in its shares.


1. Identity of the issuer or the underlying issuer of existing shares
to which voting rights are attached (ii):
Property Recycling Group PLC

2. Reason for the notification (please state Yes/No): (    )

An acquisition or disposal of voting rights: (  Yes  )

An acquisition or disposal of financial instruments which may result
in the acquisition of shares already issued to which voting rights
are attached: (    )

An event changing the breakdown of voting rights: (    )

Other (please specify): (   )

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

Unicorn Asset Management Limited

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

Eaglet Investment Trust plc
Unicorn Investment Funds ICVC

5. Date of the transaction (and date on which the threshold is
crossed or  reached if different) (v):
16 April 2007

6. Date on which issuer notified:
17 April 2007

7. Threshold(s) that is/are crossed or reached:
Over 16%

8. Notified details:

A: Voting rights attached to shares

Class/type of shares if possible Situation previous to the Triggering
using the ISIN CODE                        transaction (vi)
                                 Number of shares   Number of voting
                                                    Rights (viii)
Ordinary Shares                  5,400,000          5,400,000

Resulting situation after the triggering transaction (vii)

Class/type of      Number of Number of voting    % of voting rights
shares if possible shares    rights (ix)
using the ISIN
                   Direct    Direct (x) Indirect Direct Indirect
Ordinary Shares                                  16.3 %
GB00B09G4F14       5,900,000 5,900,000

B: Financial Instruments
Resulting situation after the triggering transaction (xii)

Type of    Expiration  Exercise/Conversion Number of voting    % of
financial  Date (xiii) Period/ Date (xiv)  rights that may be  voting
instrument                                 acquired if the     rights
                                           instrument is

Total (A+B)

Number of voting rights % of voting rights
     5,900,000          16.3 % of class

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

|                               | Voting rights | % of Total |
| Eaglet Investment Trust plc   |   5,291,279   |    14.6    |
| Unicorn Investment Funds ICVC |    608,721    |    1.7     |

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:
Sam Barton

15. Contact telephone number:
020 7253 0889.

Name of person issuing this announcement on behalf of Property
Recycling Group plc

John Webb
Marshall Securities Limited (Nominated Adviser)
020 7490 3788



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