Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES1

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

Environmental Recycling Tech plc

Ord GBP 0.025

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

An acquisition or disposal of voting rights

X

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

The Royal Bank of Scotland N.V.

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

26/10/10

6. Date on which issuer notified:

27/10/10

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

6%

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

Ord GBP 0.025

36,263,435

25,553,435

25,553,435

25,553,435

5.55%

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

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

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

25,553,435

5.55%

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 (5.55%)

RFS Holdings B.V. (5.55%)

RBS Holdings N.V. (5.55%)

The Royal Bank of Scotland N.V. (5.55%)

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 459,904,293 obtained from your Regulatory Announcement dated 12th October 2010.

14. Contact name:

Richard Hopkins

15. Contact telephone number:

 0207 672 0354