Property Recyling Group plc

Holding(s) in Company

Property Recycling Group plc has today 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: (    )

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) Transitional notification following
implementation of DTR : (   Yes )

3. Full name of person(s) subject to the notification obligation
Paul Anthony Rackham Jnr

4. Full name of shareholder(s) (if different from 3.) (iv):
(1) Paul Anthony Rackham Jnr     (3,225,712 shares)
(2) David William Cunningham, Stephen Russell Stuteley, George
Atterbury and Christopher Clarke as trustees(2,115,512 shares)

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

6. Date on which issuer notified:
15 March 2007

7. Threshold(s) that is/are crossed or reached:
14  %.

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                   5,341,224     5,341,224

Resulting situation after the triggering transaction (vii)

Class/type of       Number of Number of voting    % of voting
shares if possible  shares    rights (ix)         rights
using the ISIN CODE
                    Direct    Direct (x) Indirect Direct Indirect
    Ordinary shares           5,341,224
GB00B09G4F14        5,341,224                     14.76%

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
    5,341,224                 14.76%

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

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:
   P A Rackham Jnr is a director of Property Recycling Group plc.
This notification is made in accordance with the transitional
provisions of the disclosure and transparency rules. There has been
no change in Paul Rackham Jnr's holding in the Company.

14. Contact name:
  P A Rackham Jnr

15. Contact telephone number:
01953 717176


C: Additional information :
Name of person issuing this announcement on behalf of Property
Recycling Group plc

John Webb
 Marshall Securities Limited
020 7490 3788