Appointment

Rentokil Initial PLC 06 February 2005 6th February 2005 RENTOKIL INITIAL ANNOUNCES APPOINTMENT OF DOUG FLYNN AS CHIEF EXECUTIVE Rentokil Initial plc today announces that it has appointed Doug Flynn (55) as Chief Executive. Mr Flynn is currently Chief Executive of the global marketing services company Aegis Group PLC and will join Rentokil Initial with effect from 4 April 2005. He joined the Aegis board in 1998 as a non-executive director and was appointed Chief Executive in 1999. Prior to this he spent 13 years with the News Corporation Ltd in the UK and Australia, latterly as Managing Director of News International Plc. Before joining the News Corporation Ltd he was with ICI for 10 years working in Australia and Hong Kong in various management roles. Doug Flynn's five year tenure at Aegis has seen the business double in size, transforming it from a European media buying business to a marketing services group with global coverage employing approximately 10,500 staff in over 60 countries. As Chief Executive he has been responsible for re-thinking the strategy to meet the challenges posed by increased competition in the market and global consolidation. Aegis, which is listed on the London Stock Exchange, currently has annualised turnover of over £7 billion, revenues of £650 million and a market capitalisation of circa £1.2 billion. Over the last two years the company has delivered record profits which have been achieved by a mix of strong organic growth and acquisitions. Prior to joining Aegis, Doug was responsible for major structural and management changes at News International, improving operations and achieving a more commercial focus and more aggressive pursuit of market opportunities. Brian McGowan said today, 'Doug Flynn's extensive international experience at driving through structural change, building strong management teams and growing businesses to meet challenging and competitive markets are exactly the qualities we believe are required at Rentokil Initial. He has strong experience of running a diversified global services business made up of multiple operating units and has a proven track record of developing businesses operating in diverse geographies. 'The Board was very impressed by Doug's energy, enthusiasm and obvious leadership qualities. We are delighted to welcome him to Rentokil Initial.' Doug Flynn commented, 'Rentokil Initial is a world class business with strong brands and a committed workforce. I am very much looking forward to working with the Board and management team to meet the competitive challenges in the market place and maximise the opportunities for growth in the business.' For further information please contact: Charles Grimaldi, Corporate Affairs Director 07801 019908 John Sunnucks, Brunswick Group LLP 07974 982356 Alex Mackey, Catullus Consulting 07773 787458 Notes to Editors 1. Remuneration The principle behind Doug Flynn's remuneration package is to align financial reward to the performance of Rentokil Initial and the interests of shareholders. He is incentivised to build a strong and sustainable business for the medium and long term - there is no payment under the bonus or LTIP if the company underperforms. •Salary - £800,000 p.a •Bonus - on target 50% of salary - maximum 100% of salary •Normal benefits (e.g. medical, life assurance, car, defined contribution pension) •Notice period - 12 months but notice cannot be given in first 12 months •Long term incentive plan for next 5 years:- a) A share award equivalent to one year's salary for each year b) TSR performance targets against comparator groups for vesting:- i) below median - nil ii) at median - 25% iii) at upper quartile - 100% iv) pro rata between median and upper quartile c) three equal tranches tested for performance vesting at end of 3rd, 4th and 5th years d) no retesting •£2.4 million compensation for shares forfeited at Aegis (independently valued at £2.5 million) to be paid one third in cash and two thirds in Rentokil Initial shares, in three tranches. 2. Biography of Doug Flynn 1998 - Present AEGIS GROUP PLC 1999 - Present CEO 1998 - 1999 Non-Executive Director 1987 - 1999 THE NEWS CORPORATION LTD 1994 - 1999 Deputy Managing Director, News International Newspapers Limited Managing Director, News International Plc 1990 - 1994 Managing Director, News Limited Suburban Newspapers, Sydney, Australia 1987 - 1990 Chief Executive and Managing Director, Davies Brothers Limited 1985 - 1987 IBIS DH&S Australia Senior Consultant, Strategic Services Division 1975 - 1985 ICI AUSTRALIA LIMITED 1984 - 1985 Manager, Strategic Planning, ICI Australia Limited 1982 - 1984 Regional Manager, WA - ICI Explosives Division 1982 Strategy Research for ICI Australia Explosives Division 1980 - 1982 Manager, ICI Explosives International, Hong Kong 1978 - 1980 Marketing and Sales Manager, Bulk Operations, ICI, Australia 1975 -1978 Senior Projects, Engineer, ICI Australia Explosives Division 1973 - 1975 AUTOMATIC ICE CO AND FLYNN O'KEEFE 1967 - 1973 BROKEN HILL PTY CO LTD (BHP) Education University of Newcastle, Australia BE (Chemical Engineering) Hons, 1972 University of Melbourne, Australia MBA with Distinction, 1978 Nationality Australian 3. Rentokil Initial Rentokil Initial is one of the largest business services companies in the world, with some 93,000 employees, providing a range of support services. It operates across more than 40 countries, including the major economies in Europe, North America, Asia Pacific and Africa. The business operates in four markets: Hygiene, Security, Facilities Management and Parcels Delivery. All of the services within these four markets are provided under either the 'Rentokil' or 'Initial' brand names. This information is provided by RNS The company news service from the London Stock Exchange
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