Issue of Debt

Rentokil Initial PLC
                  



Pricing Supplement dated 17 May 2004

                         RENTOKIL INITIAL PLC

                               Issue of

          USD10,000,000 Floating Rate Notes due 17 May 2007

                     under the EUR 2,500,000,000
                   Euro Medium Term Note Programme

This document constitutes the Pricing Supplement relating to the issue
of Notes described herein. Terms used herein shall be deemed to be
defined as such for the purposes of the Conditions set forth in the
Offering Circular dated 9 June 2003. This Pricing Supplement is
supplemental to and must be read in conjunction with such Offering
Circular.


1.  (i) Series Number:                  15

    (ii)Tranche Number:                 1

2.  Specified Currency or Currencies:   United States Dollars ('USD')

3.  Aggregate Nominal Amount:           USD10,000,000

4.  (i) Issue Price:                    100.00 per cent. of the
                                        Aggregate Nominal Amount

    (ii)Net Proceeds:                   Not Applicable

5.  Specified Denominations:            USD100,000

6.  (i) Issue Date:                     17 May 2004

    (ii)Interest Commencement Date:     18 May 2004

7.  Maturity Date:                      17 May 2007

8.  Interest Basis:                     Floating Rate
                                        (further particulars specified
                                        below)

9.  Redemption/Payment Basis:           Redemption at par

10. Change of Interest Basis or         Not Applicable 
    Redemption/Payment Basis:

11. Put/Call Options:                   Not Applicable

12. Listing:                            London

13. Method of distribution:             Non-syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE

14. Fixed Rate Note Provisions           Not Applicable

                                              
15.   Floating Rate Note Provisions        Applicable from and including 18 May
                                           2004 to but excluding 17 May 2007

(i)  Specified Period(s)/Specified         Quarterly. 17 February, 17 May,  17
     Interest                              August and 17 November in each year
     Payment Dates:                        from and including 17 August 2004 to
                                           and including 17 May 2007

 (ii)  Business Day Convention:            Modified Following Business Day
                                           Convention

(iii)  Additional Business                 London
           Centre(s):

(iv)  Manner in which the Rate of          Screen Rate Determination
      Interest  and Interest Amount 
      is to be determined:

(v)  Party responsible for
      calculating the Rate of Interest      Not Applicable
      and Interest Amount (if not the
      Agent)

 (vi)  Screen Rate Determination:

 --  Reference Rate:                   3 month USD LIBOR

 --  Interest Determination Date(s):   Second London Business day prior to the
                                       start of each Interest Period

 --  Relevant Screen Page:             Telerate page 3750

                                       If the Telerate Page '3750' is
                                        unavailable or cancelled, the fall
                                        back provisions described under the
                                        Definition of 'USD-LIBOR-BBA'
                                        contained within the Annex to the 2000
                                        ISDA Definitions shall apply.

(vii)  ISDA Determination:

      --  Floating Rate Option:       Not Applicable

      --  Designated Maturity:        Not Applicable

      --  Reset Date:                 Not Applicable


  (viii)  Margin(s):                   +0.35 per cent. per annum


  (ix)  Minimum Rate of Interest:        Not Applicable


  (x)  Maximum Rate of Interest:         Not Applicable

  (xi)  Day Count Fraction:              Actual/360

 (xii)  Fall back provisions,
   rounding provisions and any other
   terms relating to the method of
   calculating interest on Floating
   Rate Notes, if different from those
   set out in the Conditions:            Not Applicable

16.     Coupon Note Provisions                              Not Applicable

17.     Index Linked Note Interest Provisions               Not Applicable

18.     Dual Currency Note Provisions                       Not Applicable

PROVISIONS RELATING TO REDEMPTION

19.     Issuer Call                                         Not Applicable

20.     Investor Put                                        Not Applicable

21.     Final Redemption Amount of each Note                Nominal Amount

24.     Early Redemption Amount of each Note payable on     As set out in the Condition 6(e)
        redemption for taxation reasons or an event of 
        default and/or the method of calculating the same
        (if required or if different from that set in the 
        Condition 6(e)):

GENERAL PROVISIONS APPLICABLE TO THE NOTES

23.     Form of Notes:                                      Temporary Global Note exchangeable for a 
                                                            Permanent Global Note which is exchangeable 
                                                            for Definitive Notes only upon an Exchange Event.

24.     Addiional Financial Centre(s) or other special      London        
        provisions relating to Payment Dates: 

25:     Talons for future Coupons or receipts to be         No.
        to Definitive Notes (and dates on which such
        Talons mature):

26:     Details relating to Partly Paid Notes: amount
        of each payment comprising the Issue Price and date
        on which each payment is to be made and 
        consequences of failure to pay, including any
        right of the Issuer to forfeit the Notes and
        interest due on late payment.                         Not Applicable

27.     Details relating to Instalment Notes:

        (i)     Instalment Amounts:                           Not Applicable 

        (ii)    Instalment Dates:                             Not Applicable

28.     Redonomination applicable;                            Redenomination not applicable

29.     Other terms or special conditions:                    Not Applicable

DISTRIBUTION

30.     (i)     If syndicated, names of Managers:             Not Applicable

        (ii)    Stabilising Mananger (if any):                Not Applicable

31.     If non-syndicated, name of Dealer:                    BNP Paribas

32.     Whether TEFRA C TEFRA D rules                         TEFRA D rules applicable

33.     Additional selling restrictions:                      Not applicable

OPERATIONAL INFORMATION

34.     Any clearing system(s) other than Euroclear
        and Clearstream, Luxembourg and the relevent
        identification number(s):                              Not applicable

35.     Delivery:                                              Delivery against payment

36.     Additional Paying Agent(s) (if any):                   Not applicable

    ISIN:                           XS0192690278

    Common Code:                    19269027

LISTING APPLICATION

This Pricing Supplement comprises the details required to list the issue of
Notes described herein pursuant to the £2,500,000,000 Euro Medium Note Programme
of Rentokil Initial plc.

RESPONSIBILITY

The Issuer accepts all responsibility for the information contained in this
Pricing Supplement.

Signed on behalf of the Issuer:

By: Roger Payne                     Robert Ward Jones
    Finance Director                Commpany Secretary