23rd Oct 2007 11:38
Environmental Recycling Tech. PLC23 October 2007 TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to whichvoting rights are attached (ii): Environmental Recycling Technologies 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 theacquisition of shares already issued to which voting rights are attached: ( )An event changing the breakdown of voting rights: ( )Other (please specify) : ( )Declaration of Major Shareholding as per FSA Transitional Provision 7 3. Full name of person(s) subject to the notification obligation (iii): Allianz SE 4. Full name of shareholder(s) (if different from 3.) (iv): Allianz Insurance plc 5. Date of the transaction (and date on which the threshold is crossed orreached if different) (v): 18 October 2007 6. Date on which issuer notified: 22 October 2007 7. Threshold(s) that is/are crossed or reached: Above 5% 8. Notified details:A: Voting rights attached to shares Class/type of shares if possible using Situation previous to the Triggeringthe ISIN CODE transaction (vi) Number of Number of shares voting Rights (viii)GB0030949472 11,000,000 11,000,000 Resulting situation after the triggering transaction (vii) Class/type of Number of Number of voting rights % of votingshares if possible shares (ix) rightsusing the ISIN CODE Direct Direct (x) Indirect (xi) Direct IndirectGB0030949472 13,500,000 13,500,000 5.47% B: Financial InstrumentsResulting situation after the triggering transaction (xii) Type of Expiration Exercise/ Number of voting rights that may % offinancial Date Conversion be acquired if the instrument is votinginstrument (xiii) Period/Date exercised/ converted. rights (xiv) N/A N/A N/A N/A N/A Total (A+B)Number of voting rights % of voting rights 13,500,000 5.47% 9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable (xv): Allianz SE is the ultimate holding company of Allianz Insurance plc. Theshares in Allianz Insurance Plc are held by Allianz UK Limited, which is a66.7% owned subsidiary of Allianz Europe Limited ("Allianz Europe"). Theother 33.3% of shares in Allianz UK Limited are owned by AllianzLebensversicherungs GmbH ("Jota"), which is itself an indirect subsidiary ofAllianz SE. Allianz Europe is an 85% owned subsidiary of AZ-Argos 10Vermogensverwaltungsgesellschaft GmbH which in its turn is a wholly ownedsubsidiary of Allianz SE. Allianz SE is also the owner of the other 15% ofAllianz Europe. 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: This disclosure was based on 246,698,889 total voting rights in issue, asannounced by Environmental Recycling Technologies plc on 31 August 2007 14. Contact name: Irina Daniel / James Wall 15. Contact telephone number: 020 7475 5617/ 020 7475 2194 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): Allianz SE Contact address (registered office for legal entities): Koniginstrasse 2880802 MunichGermany Phone number+49 89 38 00 00 Other useful information (at least legal representative for legal persons): B: Identity of the notifier, if applicable (xvii) Full name:Dresdner Kleinwort Group Limited Contact address:30 Gresham Street, London, EC2V 7PG Phone number:020 7623 8000 Other useful information (e.g. functional relationship with the person or legalentity subject to the notification obligation): Subsidiary This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ENRT.L