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: [phone]

Charles Grimaldi, Investor Relations Tel: [phone]

UBS Investment Bank

Emma Goodrick Tel: [phone]

Jonathan Bewes Tel: [phone]

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