Results of Open Offer , GM and Debt conversion

Environmental Recycling Technologies plc

Results of Conditional Open Offer for new Ordinary Shares

and of General Meeting

Debt conversion

Environmental Recycling Technologies ("ERT" or "the Company") (AIM: ENRT), which has developed and commercialised the patented rights to the Powder Impression Moulding ("PIM") process which converts mixed waste plastics into commercial end products, is pleased to confirm that it has received valid applications for a total of 55,466,133 new ordinary shares under the Open Offer ("the New Ordinary Shares") which closed for acceptance at 11.00 on Monday 29 April 2013, raising a total of £693,327 for the Company and representing approximately 67 per cent of the amount available for acceptance under the Open Offer.

Of the shares applied for, 30,609,976 shares represented individual shareholders' basic entitlements and the balance of 24,855,157 shares were shares applied for by shareholders in excess of their basic entitlements.

At the General Meeting held today, all resolutions were duly passed to give the directors authority to issue the New Ordinary Shares; to consolidate the entire issued and authorised share capital into new ordinary shares of 0.25p per share; and to adopt new Articles of Association and it is expected that dealings in the New Ordinary Shares will begin on commencement of business on Wednesday 1 May 2013.

The Company is also pleased to confirm it has agreed with Oxford Capital Limited ("Oxcap")that £350,000 outstanding debt in the Company owned by Oxcap will be satisfied in full by the issue of a further 28m shares at the Open Offer price of 1.25p per share. Following this repayment, the balance of debt owned by Oxcap (including accrued interest) will be approximately £2,406,250 and Oxcap will own 253,241,928 shares in the Company representing approximately 29.12 per cent of the issued share capital following completion of the Open Offer and this debt conversion. Application will be made for the new ordinary shares arising out of this exercise to be admitted to AIM in due course.

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Notes to editors:

Environmental Recycling Technologies plc (ERT) is a leading developer of innovative technologies specifically focusing on plastic waste recycling. The company holds the worldwide intellectual property rights to the Powder Impression Moulding (PIM) Process.

For more information about Environmental Recycling Technologies plc please visit www.ertplc.com