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Property Recyling Group plc (PROP)

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Tuesday 20 March, 2007

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.

TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN 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) Previously notified holding: (   Yes)

3. Full name of person(s) subject to the notification obligation
(iii):
Eaglet Investment Trust PLC

4. Full name of shareholder(s) (if different from 3.) (iv):
HSBC Global Custody Nominees Ltd (a/c designation 866379).......

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

6. Date on which issuer notified:
19 March 2007
.......

7. Threshold(s) that is/are crossed or reached:
Over 12.914%

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)




Resulting situation after the triggering transaction (vii)


Class/type of shares  Number of Number of voting % of voting rights
if possible using the shares    rights (ix)
ISIN CODE
                      Direct    Direct Indirect  Direct Indirect
                                (x)    (xi)
Ordinary Shares                        4,675,000
GB00B09G4F14                                            12.914 %


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
                                           exercised/
                                           converted.




Total (A+B)

Number of voting rights % of voting rights
     4,675,000          12.914 % of class


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

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:
.......

15. Contact telephone number:
.......

Annex to Notification Of Major Interests In Shares (xvi)

A: Identity of the person or legal entity subject to the notification
obligation

Full name (including legal form for legal entities):
Eaglet Investment Trust PLC

Contact address (registered office for legal entities):
  Beaufort House, 51 New North Road, Exeter, Devon EX4 4EP

Phone number:
01392 477581

Other useful information (at least legal representative for legal
persons):
Contact: John Truman

B: Identity of the notifier, if applicable (xvii)

Full name:
John Truman

Contact address:
Beaufort House, 51 New North Road, Exeter, EX4 4EP

Phone number:
01392 477581

Other useful information (e.g. functional relationship with the
person or legal entity subject to the notification obligation):
For and on behalf of Capita Sinclair Henderson Ltd; Company Secretary

C: Additional information :
.......
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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