Disposal of Style Conferences

Rentokil Initial PLC
29 November 2005


For immediate release

Rentokil Initial PLC
29 November 2005



                Rentokil Initial - Disposal of Style Conferences

Rentokil Initial plc ('Rentokil' or the 'Company') announces that it has entered
into arrangements with Alternative Hotel Group, a group of investors led by
Richard Balfour-Lynn and other MWB directors acting in their private capacity
partnering with Bank of Scotland, pursuant to which it expects to sell the
Initial Style Conferences business ('Style Conferences' or the 'Business') for a
total consideration of £325 million on a debt free cash free basis, to be paid
in cash at completion. It is Rentokil's intention to apply the proceeds against
current indebtedness and the transaction is expected to close within two weeks.

Style Conferences is the market leader in the provision of training and
conferencing venues in the UK and owns the freehold of 21 of the 29 centres that
it operates. It was acquired as part of the BET group of businesses in 1996 and
has always been operated on a standalone basis. For the twelve months ended 31
December 2004, the Business generated operating profit of £25.3 million and
profit before tax of £19.7million on turnover of £91.1 million. As at 31
December 2004 Style Conferences had net assets of £128.9 million and gross
assets of £165.0 million.

Doug Flynn, Chief Executive of Rentokil Initial, said today:

'We decided to sell Style Conferences because its operating characteristics are
substantially different from other businesses in the Company, and because we
believe that there are other owners for whom the business would be a better fit.

This transaction is a good outcome for our shareholders and has been achieved in
line with the timetable we set earlier in the year. It is another step forward
towards our aim of creating a clearer strategic focus by concentrating upon the
development of those businesses which can add most value for our shareholders.'

Enquiries:

Rentokil Initial plc                                        [phone]

Mark Boyle, Group Strategy & Development Director
Charles Grimaldi, Corporate Affairs Director

Greenhill & Co. International LLP                          [phone]

Simon Borrows
Edward Wakefield

Brunswick Group LLP                                        [phone]

John Sunnucks
Gill Ackers


NOTES FOR EDITORS:

Style Conferences' turnover, operating profit and net assets are derived from
the segmental analysis in Rentokil's annual accounts as at 31 December 2004.
Style Conferences' profit before tax and gross assets are derived from Initial
Style Conferences Limited statutory accounts as at 31 December 2004.

Greenhill & Co. International LLP ('Greenhill & Co.'), which is regulated by the
Financial Services Authority, is acting for Rentokil Initial plc in connection
with the disposal of Style Conferences and for no one else and will not be
responsible to anyone other than Rentokil for providing the protections afforded
to customers of Greenhill & Co. nor for providing advice in relation to this
potential transaction.



                      This information is provided by RNS
            The company news service from the London Stock Exchange