Rentokil Initial plc
Statement regarding Press Comment
Raphoe Management Limited
22 August 2005
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN, INTO OR FROM AUSTRALIA, CANADA,
JAPAN OR THE UNITED STATES
Raphoe Management Limited ('Raphoe')
Response to Speculation
In response to recent press speculation, the Board of Raphoe, an acquisition
vehicle controlled and chaired by Sir Gerry Robinson, announces that having
taken soundings from certain shareholders of Rentokil Initial plc ('Rentokil'),
Raphoe intends to approach the Board of Rentokil to discuss the possibility of
making an offer for Rentokil and to seek discussions with the trustees of the
Rentokil pension funds.
This announcement does not constitute a firm intention to make an offer and,
accordingly, there can be no certainty that any offer will be made.
A further announcement will be made when appropriate.
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or is otherwise withdrawn.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
Michael Henman 020 7367 5100
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