Capital Reorganisation

Rentokil Initial PLC 23 June 2005 Rentokil Initial plc Reduction of Capital becomes effective At a hearing on 22 June 2005, the High Court confirmed the reduction of capital of Rentokil Initial plc (formerly named Rentokil Initial 2005 plc) ('Rentokil Initial'), whereby the nominal value of each Rentokil Initial ordinary share is reduced from GBP1.00 to 1 penny (the 'Reduction of Capital'). The Reduction of Capital became effective today, 23 June 2005. Dealings in respect of ordinary shares of 1 penny each in the capital of Rentokil Initial commenced on the London Stock Exchange's market for listed securities at 8.00 a.m today. For further information please contact: Rentokil Initial Roger Payne, Finance Director Tel: 01342 833 022 Charles Grimaldi, Investor Relations Tel: 01342 833 022 UBS Investment Bank Emma Goodrick Tel: 020 7567 8000 Jonathan Bewes Tel: 020 7567 8000 UBS Limited is acting for Rentokil Initial and New Rentokil Initial and no-one else in connection with the Scheme and the Reduction of Capital and, accordingly, will not be responsible to anyone other than Rentokil Initial and New Rentokil Initial for providing the protections afforded to its clients nor for providing advice in relation to the Scheme or the Reduction of Capital or any other matters referred to in the Listing Particulars published by New Rentokil in connection with the reorganisation, the circular sent by Rentokil Initial relating to the Scheme or herein. This information is provided by RNS The company news service from the London Stock Exchange