Disposal

Rentokil Initial PLC 12 June 2006 12 June 2006 COMPLETION OF MANNED GUARDING DISPOSAL PROCESS Rentokil Initial plc ('Rentokil') today announces that it has signed an agreement for the sale of its US manned guarding business, Initial Security LLC, to Allied Security Holdings, LLC for a cash consideration of $73.6 million (£40.0 million(1)), subject to certain completion adjustments. Completion, which is subject to a number of regulatory conditions, is expected in August. On 8 February Rentokil announced that it was exploring the possibility of disposing of the group's manned guarding operations to other parties whose strategic focus and/or investment priorities will mean they are more able to realise the full potential of this business. The sale of the US operations completes the strategic exercise to exit the manned guarding market, having sold the UK, Canadian and Belgian operations earlier this year. The financial performance of the four combined businesses for the year to 31 December 2005 was as follows: revenue £365.2 million (2004: £331.6 million); operating profit (before amortisation of customer lists and exceptional items) £14.2 million (2004: £14.0 million). Total consideration from the four disposals amounts to £150.9 million. Doug Flynn, Chief Executive of Rentokil, commented: 'Completion of the manned guarding disposal process is a further important step in the development of our company. We have achieved a good result for our shareholders and will continue to focus our activities on enhancing shareholder value.' Enquiries Rentokil Initial plc, Tel. +44 (0) 20 7866 3000 Mark Boyle, Group Strategy & Development Director Lisa Williams, Investor Relations Manager Brunswick Group LLP, Tel. +44 (0) 20 7404 5959 Kate Holgate Jon Rhodes Notes to Editors Rentokil Initial is one of the largest business services companies in the world, operating in all the major economies of Europe, North America, Asia Pacific and Africa. The company has some 80,000 employees providing a range of support services in over 40 countries where the 'Rentokil' and 'Initial' brands have come to represent innovation, deep expertise and consistent quality of service. Services include textiles and washroom services, pest control, tropical plants, electronic security, parcels delivery and facilities services. -------------------------- (1) Based on a US$/GBP exchange rate of 1.83895. This information is provided by RNS The company news service from the London Stock Exchange
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