Rentokil Initial plc/Raphoe Management Limited

Raphoe Management Rentokil Initial plc Raphoe Management Limited 7 September 2005 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES Raphoe Management Limited ("Raphoe") Raphoe has noted comment in the press that Gerry Robinson has not provided detailed information as regards his proposals for Rentokil Initial plc ("Rentokil"). Raphoe has considered it premature to provide details whilst continuing to take soundings from certain shareholders. Raphoe now anticipates announcing further information in respect of its proposals tomorrow, Thursday 8 September 2005. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the City Code, any person who, alone or acting together with any other person(s) pursuant to an agreement or understanding (whether formal or informal) to acquire or control relevant securities of Rentokil, owns or controls, or becomes the owner or controller, directly or indirectly, of one per cent. or more of any class of securities of Rentokil is required to disclose, by not later than 12.00 noon (London time) on the London business day following the date of the relevant transaction, dealings in such securities of that company (or in any option in respect of, or derivative referenced to, any such securities) during the period to the date on which the offer becomes or is declared unconditional as to acceptances or lapses or is otherwise withdrawn. Under the provisions of Rule 8.1 of the City Code, all dealings in relevant securities of Rentokil by Raphoe or Rentokil, or by any of their respective "associates" (within the meaning of the City Code) must also be disclosed. If you are in any doubt as to the application of Rule 8, to you, please contact an independent financial adviser authorised under the Financial Services and Markets Act 2000, consult the Panel's website at www.thetakeoverpanel.org.uk or contact the Panel on telephone number +44 20 7638 0129; fax +44 20 7236 7013. CONTACTS: Sir Gerry Robinson c/o Cubitt Consulting, 020 7367 5100 Europa Partners Limited David von Simson, 020 7661 9338 Cubitt Consulting Simon Brocklebank-Fowler, 020 7367 5100