Holding(s) in Company

TR-1: NOTIFICIATION OF MAJOR INTEREST IN SHARES i

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

Environmental Recycling Technologies plc

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

An acquisition or disposal of voting rights

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: iii

The Royal Bank of Scotland Group plc

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

ABN AMRO Bank N.V.

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

5 January 2010

6. Date on which issuer notified:

6 January 2010

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

21%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 xi

Indirect xii

Direct

Indirect

Ordinary GBP 0.025p

71,995,894

71,995,894

69,214,216

69,214,216

Nil

20.57%

Nil

GB0030949472

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

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

% of voting rights

None

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

None

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

69,214,216

20.57%

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

The Royal Bank of Scotland Group plc (20.57%)

RFS Holdings N.V. (20.57%)

ABN AMRO Holding N.V. (20.57%)

ABN AMRO Bank N.V. (20.57%)

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 notification is based upon the Voting Rights figure of 336,484,573 obtained from the regulatory announcement dated 15th July 2009 but effective from 22nd July 2009

14. Contact name:

Richard Hopkins

15. Contact telephone number:

020 7672 0354