Final Results - Year Ended 31 December 1999

Rentokil Initial PLC
01 March 2000



                               Rentokil Initial

Rentokil  Initial,  the  world's  largest  business  service  company,   today
announces:-

-    1999  results  showing an increase in profits of 10.3% to  £541  million,
     earnings  per share up 10.2% to 13.47p and the dividend up  by  11.1%  to
     4.11p (the detailed preliminary announcement is attached);

-    that  it  is  intending to buy back up to 25% of its share capital  (i.e.
     approximately £1.5 billion) and is initially seeking shareholder approval
     to buy back up to 15% through the market;

-    an all share take-over offer for Ratin, a publicly listed Danish company,
     whose  assets are a 32.1% stake in Rentokil Initial and associated  cash.
     The  board  of Ratin will be recommending the offer which will  be  on  a
     'see  through' basis so that, when completed, it will result in  a  large
     number  of  shareholders in Ratin holding between them some  32%  of  the
     Rentokil Initial share capital.

Commenting  on these developments, Sir Clive Thompson, the Chief Executive  of
Rentokil Initial, said:-

     'The 1999 results are in line with the Board's forecast made at the
     time of the interim results last year and represent sound growth of
     10.5%  in  our  core activities with our non-core  activities  also
     contributing to the overall growth of 10.3% to £541m.
     
     'Our programme to dispose of our non-core activities is making good
     progress and we expect to announce further disposals shortly.
     
     'The  proposal to buy back up to 25% (approximately £1.5bn) of  our
     own  shares also represents an important strategic step to  improve
     shareholder  returns  and reduce our cost of capital  by  utilising
     disposal  proceeds  and increasing borrowings  to  return  cash  to
     shareholders.
     
     'Finally, the takeover of Ratin will give us a large number of  new
     Danish  and other international shareholders and enhance  the  free
     float and liquidity of the shares.'

Attached are:-

*    The Preliminary Results for 1999

*    Further details of the share buy-back

*    Further details of the offer for Ratin

*    Press enquiries:-
  
     Sir Clive Thompson         )   01342 833022
                                )
     C T Pearce                     




                Preliminary Statement - Year to 31st December 1999
                
1999 Results    Turnover increased by 2.9% to £2,983 million
                Profits increased by 10.3% to £541 million
                Earnings per share increased by 10.2% to 13.47p
                Dividend increased by 11.1% to 4.11p
                
                These  results,  with a profits growth of 10.3%  and  earnings
                per  share up 10.2%, are in line with the forecast made at the
                time  of the interim results in August last year.  At constant
                exchange  rates,  turnover  would  have  increased  by   2.8%,
                profits by 10.9% and earnings per share also by 10.9%.
                
                Turnover  and  profits  growth was good  in  many  businesses,
                particularly in our higher margin core businesses such  as  UK
                and  European textile services and healthcare, UK and European
                security  and  UK  education  and  training.   Reflecting  the
                improvement  in  the  Asia economies, Asia  Pacific  showed  a
                return  to  growth  in  turnover  and  profits  but  USA   was
                disappointing.
                
                Overall turnover growth was held back both by contract  losses
                in  low margin businesses early in the year (as referred to at
                the half year) and by lower growth in the turnover of our non-
                core  activities  which we are currently  selling.   Our  core
                activities  showed  turnover growth of  3.4%  to  £1,988m  and
                profits   growth  of  10.5%  to  £434m  whilst  our   non-core
                businesses saw turnover growth of 1.9% and profits  growth  of
                9.6% to £107m.
                
Trading     -   By business stream
                
            *   Hygiene  Services showed a good increase in turnover  of  4.8%
                to  £930m,  which  would  have been an  increase  of  5.0%  at
                constant  rates.   Margins also improved and  profit  grew  by
                12.8%  at actual rates to £226m (up 13.4% at constant  rates).
                There  was  good  growth in textile services  and  healthcare,
                particularly   in  UK  and  Europe  with  Asia  Pacific   also
                returning to good growth.
                
            *   Personnel  Services turnover fell by 1.7% at actual  rates  to
                £331m  which would have been a fall of 3.1% at constant rates.
                This  fall was a result of the large fall in turnover  in  the
                (non  core) US personnel business.  Margins improved well  and
                profits  grew by 6.8% (up 6.0% at constant rates)  to  £40.9m,
                with  UK  education and training (part of our core activities)
                producing excellent growth despite the poor performance by  US
                personnel services.
                
            *   Pest  Control Services showed turnover increasing by  2.7%  at
                actual  rates  to  £192m which would  have  been  up  3.2%  at
                constant  rates  with profits growing by 3.8%  to  £69.1m  (up
                4.4%  at constant rates).  This was a result of low growth  in
                the  UK  with  net contract additions improving, coupled  with
                good growth in Europe including in Germany and good growth  in
                Asia Pacific with business in Asia returning to growth in  the
                second half.
                
            *   Property  Services turnover fell by 10.7% at actual  rates  to
                £282m  (which would have been an 11.1% fall at constant rates)
                but  margins  were  improved  to give  profits  of  £42.5m,  a
                reduction  of  5.6%  at actual rates (down  6.0%  at  constant
                rates).   This sector was impacted by the loss of  low  margin
                business  in UK catering and UK management services.  Tropical
                plants   showed  good  growth  in  UK  and  Europe  offsetting
                investment  costs  in  the  US  business.   This  sector  also
                includes  the non-core timber preserving and resort management
                businesses but the results of these are not material.
                
            *   Security  Services  produced  a 7.6%  growth  in  turnover  at
                actual  rates  to  £459m which would  have  been  up  7.3%  at
                constant  rates  with improved margins giving good  growth  of
                8.4%  in profits to £51.4m (up 8.4% at constant rates).  There
                was  excellent  growth in the UK, both in electronic  security
                and  manned  guarding but results in Europe were  affected  by
                poor   results  in  Belgian  cash-in-transit  and  with  North
                America also disappointing.
                
            *   Transport Services, which mainly comprises our non-core  plant
                hire  and distribution businesses, showed turnover up by  5.8%
                to  £789m which would have been up 6.2% at constant rates  and
                profits  up 8.4% to £121m at actual rates (up 9.6% at constant
                rates).    There was good growth in the non-core, distribution
                activities  in  UK and Europe but results in  US  distribution
                (non-core  and now sold) were very disappointing  as  was  USA
                plant  services  where,  although turnover  growth  was  good,
                profits  were held back by a regional strike and  the  effects
                of the disposal process.
                
            *   Database  marketing; the programme has now been fully launched
                in  the  UK  and this is being trialled in European  countries
                during  the  first  half of 2000 with launches  in  the  major
                European  countries  during the second half  of  2000.   Sales
                should   show   a  benefit  from  this  and  other   marketing
                initiatives during 2000.
                
                By geographic area
                
            *   United  Kingdom  turnover was down 1.0% to  £1,335m.   Margins
                improved  to  give  operating profits of £286m,  up  by  7.3%.
                There  was  strong  profit  growth  in  textile  services  and
                healthcare,  as  well  as in tropical plants,  electronic  and
                manned  security and in education and training.  Pest  control
                saw  low growth.  In non-core activities there was low  growth
                in  distribution  and in plant services with  good  growth  in
                personnel services.
                
            *   Europe  showed an excellent turnover growth of 10.5% at actual
                exchange  rates to £729m, which would have been  up  12.2%  at
                constant  rates.   Margins  also  improved  to  give  a  27.3%
                increase  in  profits  to  £144m  (an  increase  of  29.2%  at
                constant  rates).  Particularly strong profit growth was  seen
                in  textile  services and healthcare as well  as  in  tropical
                plants  with  good  growth  in  pest  control.   Security  was
                disappointing particularly in Belgian cash-in-transit  whilst,
                in the non-core activities, distribution showed good growth.
                
            *   North  America  showed  an increase in  turnover  of  2.5%  at
                actual  rates to £774m, which would have been flat at constant
                rates,  with a fall in turnover in the low margin US personnel
                services  and in US distribution (which has subsequently  been
                sold)  offset  particularly by growth in manned  guarding  and
                plant  services.  Profits were down by 14.3%  (down  16.4%  at
                constant   rates)  to  £74.2m  mainly  reflecting   the   poor
                performance  of  the  non-core  activities  of  US   personnel
                services, US distribution and also of US plant services  which
                were  impacted  by a regional strike and the  effects  of  the
                sale  process.   In  tropical  plants,  investment  held  back
                profits.
                
            *   Asia  Pacific  and Africa showed an increase  in  turnover  of
                6.7%  (at  actual  rates) to £146m which would  have  been  an
                increase  of  10.4%  at  constant rates.   Margins  were  also
                improved  to  give an increase in profits of  8.8%  at  actual
                rates  to  £46.9m, which would have been an increase of  13.5%
                at  constant rates.  Our Asian businesses are now returning to
                growth   with   the  improvements  in  the  local   economies.
                Australia and South Africa showed good growth.
                
Cash Flow       There  was  strong  cash  flow in the  year  of  £329m  (after
                capital  investment  but  before acquisitions,  dividends  and
                purchase of own shares) compared with £293m last year.
                
Year 2000 - IT  Our  programme  to  ensure that our IT software  and  hardware
                would  function through the year end 1999 into the  year  2000
                was completed successfully and no problems were encountered.
                
Acquisitions    During  1999  we  spent  £12.1m on 13 acquisitions  (including
                deferred  payments).  These acquisitions  included  our  entry
                into  pest control in Taiwan and bolt-on acquisitions  to  our
                security alarm businesses in France and UK and to our  textile
                rental  business  in Netherlands as well as  to  the  tropical
                plants  businesses in Australia, France and  Denmark  and  the
                manned guarding business in the USA.
                
Dividend        A  final  net  dividend of 2.91p per share is proposed  (1998:
                2.63p)  to  be  paid on 12th May 2000 to shareholders  on  the
                register on 14th April 2000 to give a total dividend  for  the
                year of 4.11p.
                
Objective       To  substantially outperform the support services  sector  (as
                measured  by  total  shareholder return) over  the  next  five
                years - through a constant focus on our core activities and  a
                continual  drive  to improve the quality of service  delivery,
                the  quality of technical leadership, the quality of  culture,
                the quality of management and the quality of earnings.
                
Strategy        To  develop a global business services company with a  focused
                range  of high growth and high quality services which  ideally
                should be cash generative and in non-cyclical markets.   These
                are  marketed in the major developed economies of  the  world,
                using  the  combined strength of the 'Rentokil' and  'Initial'
                brands.
                
Core            Our core activities are:-
Activities      
                  - Hygiene Services
                  - Personnel Services  - Education and Training
                  - Pest Control
                  - Property Services   - All except Timber Preserving
                                          and Resort Management
                  - Security Services   - Electronic Security and Manned
                                          Guarding
                  - Transport Service   - Parcels Delivery
                
Non-Core        Our non-core activities are:-
Activities      
                  - Personnel Service   - Temporary Staffing in the UK
                                          and USA
                  - Property Services   - Timber Preserving and
                                          Resort Management
                  - Transport Services  - Plant hire in the UK and USA
                                          and the distribution businesses
                                          in USA, UK and Europe
                
                The  core  activities will be our focus both for  organic  and
                acquisition growth and, as already announced, we  are  in  the
                process  of  disposing  of our non-core activities  which,  in
                1999,  had turnover of £995m (33.3% of the company) and profit
                of  £107m  (19.8% of the company).  We have already announced,
                in  January  this  year,  the  sale  of  our  US  distribution
                business  for  $80m  (£50m)  and expect  to  announce  further
                disposals  of  other  non-core activities shortly  to  provide
                total proceeds of some £600m to £700m.
                
Share Buy Back  The  company is intending to buy back up to 25% of its  shares
                (approximately  £1.5bn) and, as an initial  step,  is  seeking
                shareholder  approval  to  buy back  up  to  15%  through  the
                market.
                
Prospects for   The  Board  expects  continued growth in the  core  businesses
2000            during  2000  though the overall results will be  affected  by
                the  sale  of  the non-core businesses and the proposed  share
                buy-back programme.
                                               
Issued for      Rentokil Initial plc, Felcourt, East Grinstead, West Sussex
                RH19 2JY
                




                                1998           1999              Increase

                              Actual    Constant    Actual   Constant  Actual
                                  £m    exchange        £m   exchange       %
                                           rates                rates
                                              £m                    %

BUSINESS ANALYSIS

TURNOVER

Hygiene Services               887.6       931.8     930.1        5.0     4.8
Personnel Services             337.0       326.5     331.2       (3.1)   (1.7)
Pest Control Services          186.8       192.8     191.9        3.2     2.7
Property Services              315.7       280.7     281.9      (11.1)  (10.7)
Security Services              426.9       458.1     459.3        7.3     7.6
Transport Services             745.3       791.4     788.6        6.2     5.8

                             2,899.3     2,981.3   2,983.0        2.8     2.9

PROFIT

Hygiene Services               200.2       227.1     225.9       13.4    12.8
Personnel Services              38.3        40.6      40.9        6.0     6.8
Pest Control Services           66.6        69.5      69.1        4.4     3.8
Property Services               45.0        42.3      42.5       (6.0)   (5.6)
Security Services               47.4        51.4      51.4        8.4     8.4
Transport Services             111.9       122.6     121.3        9.6     8.4
Net interest expense           (18.8)       (9.2)    (10.0)

                               490.6       544.3     541.1       10.9    10.3




GEOGRAPHIC ANALYSIS

TURNOVER

United Kingdom               1,348.2     1,334.9   1,334.9       (1.0)   (1.0)
Continental Europe             659.6       740.4     728.7       12.2    10.5
North America                  754.8       755.1     773.6          -     2.5
Asia Pacific & Africa          136.7       150.9     145.8       10.4     6.7

                             2,899.3     2,981.3   2,983.0        2.8     2.9

PROFIT

United Kingdom                 266.4       285.8     285.8        7.3     7.3
Continental Europe             113.3       146.4     144.2       29.2    27.3
North America                   86.6        72.4      74.2      (16.4)  (14.3)
Asia Pacific & Africa           43.1        48.9      46.9       13.5     8.8
Net interest expense           (18.8)       (9.2)    (10.0)

Profit Before Tax              490.6       544.3     541.1       10.9    10.3




CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31st DECEMBER

                                                     1999             1998

                                                £m          £m          £m

TURNOVER (including share of associates)
  Continuing operations                      2,970.8                2,899.3
  Acquisitions                                  12.2                      -

TURNOVER (including share of associates)                 2,983.0    2,899.3
Less share of turnover of associates                       (19.9)     (20.9)
Turnover                                                 2,963.1    2,878.4
Cost of Sales                                           (2,328.5)  (2,289.4)
Gross profit                                               634.6      589.0
Administrative expenses                                    (88.1)     (84.3)

Operating profit
  Continuing operations                        545.2                  504.7
  Acquisitions                                   1.3                      -
                                                           546.5      504.7

Share of profit of associates                                4.6        4.7
Profit on ordinary activities
  before interest                                          551.1      509.4
Interest payable (net)
  Continuing operations                         (9.7)                 (18.8)
  Acquisitions                                  (0.3)                     -
                                                           (10.0)     (18.8)

PROFIT ON ORDINARY ACTIVITIES
  BEFORE TAXATION                                          541.1      490.6
Tax on profit on ordinary activities                      (154.5)    (139.8)

Profit on ordinary activities after taxation               386.6      350.8
Equity minority interests                                   (1.3)      (1.2)

PROFIT FOR THE FINANCIAL YEAR
  ATTRIBUTABLE TO SHAREHOLDERS                             385.3      349.6
Dividends                                                 (117.6)    (105.9)

Retained profit for the financial year                     267.7      243.7

EARNINGS PER 1P SHARE                                     13.47p     12.22p

DILUTED EARNINGS PER 1P SHARE                             13.43p     12.17p

DIVIDEND PER 1P SHARE (NET)                                4.11p      3.70p




CONSOLIDATED BALANCE SHEET
at 31st December

                                                     1999            1998
                                                       £m              £m
                                                               (restated)
FIXED ASSETS
Intangible assets                                    55.5            46 8
Tangible assets                                     890.9           871.9
Investments                                          34.5            26.2
                                                    980.9           944.9

CURRENT ASSETS
Stocks                                               64.5            60.4
Debtors                                             591.4           576.5
Short term deposits and cash                        353.7           180.3
                                                  1,009.6           817.2

Liabilities due within one year
  Creditors                                        (770.0)         (752.6)
  Bank and other borrowings                        (190.3)         (132.4)
                                                   (960.3)         (885.0)

Net current assets/(liabilities)                     49.3           (67.8)

Total assets less current liabilities             1,030.2           877.1

Liabilities due after one year
  Creditors                                         (14.3)          (19.3)
  Bank and other borrowings                        (252.2)         (342.1)
  Provisions for liabilities and charges           (301.6)         (322.0)

NET ASSETS                                          462.1           193.7

EQUITY CAPITAL & RESERVES
Called up share capital                              28.7            28.7
Share premium account                                35.7            32.6
Reserves                                            392.8           127.8

EQUITY SHAREHOLDERS' FUNDS                          457.2           189.1

Equity minority interests                             4.9             4.6

CAPITAL EMPLOYED                                    462.1           193.7




CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31st DECEMBER

                                                     1999            1998
                                                       £m              £m

OPERATING ACTIVITIES
Operating profit                                    546.5           504.7
Depreciation charge                                 191.9           168.4
Working capital                                     (54.6)          (83.2)
Net cash inflow from operating activities           683.8           589.9

Dividends received from associates                    1.0             1.6

RETURNS ON INVESTMENTS AND SERVICING OF FINANCE
Interest received                                    29.9            28.6
Interest paid                                       (40.6)          (45.5)
Interest element of finance lease payments           (3.6)           (3.5)
Dividends paid to minority interests                 (0.8)           (0.4)
Net cash outflow from returns on
  investments and servicing of finance              (15.1)          (20.8)

TAXATION
Tax paid                                           (128.5)          (81.3)

CAPITAL EXPENDITURE
Purchase of tangible fixed assets                  (285.5)         (249.1)
Less: financed by leases                             18.1            14.2
                                                   (267.4)         (234.9)
Sale of tangible fixed assets                        54.7            38.2

Net cash outflow for capital expenditure           (212.7)         (196.7)
Purchase of own shares for share
  option schemes                                     (6.0)          (17.1)
                                                   (218.7)         (213.8)

ACQUISITIONS AND DISPOSALS
Purchase of companies and businesses                (13.0)          (51.7)
Less: net debt acquired                               0.9             0.6
                                                    (12.1)          (51.1)

EQUITY DIVIDENDS PAID
Dividends paid to shareholders                     (109.7)          (92.7)

Net cash inflow before financing                    200.7           131.8

MANAGEMENT OF LIQUID RESOURCES
Movement in short term deposits with banks           (0.4)           (3.6)

FINANCING
Issue of ordinary share capital                       3.1             6.8
Net loan movements                                   11.3          (164.3)
Finance lease payments                              (13.8)           (9.7)

Net cash inflow/(outflow) from financing              0.6          (167.2)

Increase/(decrease) in net cash                     200.9           (39.0)

RECONCILIATION OF NET DEBT
Net debt at 1st January                            (294.2)         (410.5)
Cash flows                                          200.9           (39.0)
Loans acquired with subsidiaries                     (0.9)           (0.6)
Movement in loans                                   (11.3)          164.3
Movement in deposits                                  0.4             3.6
Finance lease movements                              (4.4)           (4.5)
Exchange adjustments                                 20.7            (7.5)
Net debt at 31st December                           (88.8)         (294.2)



Notes

1.    The  profit  and loss account and cash flow statement for  the  year  to
      31st  December  1999 have been translated at average rates  of  exchange
      for the year.  Balance sheets have been translated at period end rates.
      
2.    The  turnover and profit before tax for the year to 31st December  1999,
      if  translated  at average exchange rates for the year to 31st  December
      1998, would have been £1.7m lower and £3.2m higher respectively.
      
3.    Turnover for the period includes £19.9m (1998: £20.9m) and profit  £4.6m
      (1998:  £4.7m) in respect of the group's share of associates  (including
      Nippon  Calmic Limited, Japan and Rezayat Sparrow Arabian Crane Hire  Co
      Ltd, Saudi Arabia).
      
4.    Tax  comprises  UK Corporation Tax (less double taxation relief)  £82.6m
      (1998: £76.2m) and overseas tax £71.9m (1998: £63.6m).
      
5.    Goodwill  represents the excess of the fair value of  the  consideration
      given  over  the  aggregate of the fair values of the  identifiable  net
      assets acquired.
      
      Goodwill  in  respect  of acquisitions made since 1st  January  1998  is
      shown  as  an asset and (in accordance with FRS 10) each acquisition  is
      assessed to determine the useful economic life of the business  and  the
      goodwill.  For the types of business acquired by the company, the  board
      considers  that the goodwill is an inseparable part of the  total  value
      of  the  relevant business.  These are service businesses which are  not
      subject  to high volatility in fashions or markets and demand for  these
      services  is  likely  to  continue for  the  foreseeable  future.   Such
      businesses,  if  properly managed, should grow in value over  the  years
      and  hence  neither the value of the business nor the  goodwill  have  a
      measurable  economic life and the goodwill is not amortised.   Where  it
      is  considered that the value of the business or its goodwill do have  a
      measurable  economic life, the goodwill would be amortised  through  the
      profit  and loss account by equal instalments over such useful  economic
      life.   The potential lives of the businesses and goodwill are  reviewed
      annually and revised where appropriate.
      
      Where  the useful economic life does not exceed 20 years, goodwill would
      be  subject  to  an  impairment  review  at  the  end  of  the  year  of
      acquisition  and  at any other time when the directors believe  that  an
      impairment may have occurred.  Where the goodwill is assigned  a  useful
      economic  life  which  is in excess of 20 years or  is  indefinite,  the
      value  of  the  relevant  businesses  and  goodwill  are  assessed   for
      impairment  against  carrying values on an annual  basis  in  accordance
      with  FRS  11.  Any impairment would be charged to the profit  and  loss
      account in the period in which it arises.
      
      In  the  year  ended  31st  December 1999, the  Group  has  acquired  13
      businesses  for  a consideration of £12.1m (including deferred  payments
      on   prior  year  acquisitions).   The  directors  have  reviewed  these
      acquisitions  and  consider  that these businesses  and  the  associated
      goodwill  have  an indefinite useful economic life and the  goodwill  is
      not being amortised.
      
      Acquisitions in 1999 included £4.8m in respect of Guardco  in  the  USA,
      £1.3m for De Lelie in the Netherlands and other smaller businesses.   In
      accordance  with  UK  accounting standards, the fair  value  adjustments
      established  last  year on the acquisition of Adrett and  Euroblan  were
      reviewed to finalise them.
      
6.    £19.5m  (1998:  £21.6m)  of  provisions  were  utilised  to  cover  cash
      expenditure in the year including £13.2m of environmental and  £5.5m  of
      vacant property and, in addition, £21.5m of claims were paid out of  the
      self insurance provisions.
      
7.    In   accordance   with  the  new  Financial  Reporting  Standard   FRS12
      'Provisions,  Contingent Liabilities and Contingent  Assets'  provisions
      held  by the company have been reviewed.  This includes a review of self
      insurance  reserves,  which  have been  transferred  from  creditors  to
      provisions and which also resulted in the reduction in the reserves  and
      in  a reduction of the company's overall insurance charge in the year of
      £8.0m  (1988: £10.0m).  Provisions for further environmental liabilities
      have  also  been reviewed, particularly in the USA following  completion
      of  the  clean-up of the site in Richmond Virginia, resulting in  a  net
      reduction  in  this provision of £5.2m.  During the year,  certain,  but
      not  all,  of  the legal and tax actions against an overseas  subsidiary
      have  been settled or withdrawn and, as a result, the provision  against
      these  liabilities (held in other provisions) has been reduced by £12.4m
      to £20.5m.
      
8.    December  1998  figures  are  taken from the  accounts  filed  with  the
      Registrar of Companies restated to comply with FRS12.
      
9.    The   financial  information  in  this  statement  does  not  constitute
      statutory  accounts  within the meaning of s.240 of  the  Companies  Act
      1985.
      

FINANCIAL CALENDAR

*     Final dividend to be paid on 12th May 2000 to shareholders on the
      register on 14th April 2000.
      
*     Report and Accounts expected to be despatched to shareholders in early
      April 2000.
      
*     Extraordinary  General  Meeting  at  Warburg  Dillon  Read,   Conference
      Centre,  1  Finsbury Avenue, London EC2M 2PP on Monday, 27th March  2000
      at 10.30 a.m.
      
*     Annual General Meeting at The Great Hall, Plaisterers Hall, 1 London
      Wall, London EC2Y 5TU on Tuesday, 9th May 2000 at 10.15 a.m.
      




SERVICES

Hygiene Services

Initial  Cleaning Services provides daily cleaning to commerce,  industry  and
leisure  together  with window and high access cleaning.  Specialist  services
for  retailers,  airports,  food preparation and processing  plants  are  also
provided.

Initial  Healthcare provides a specialist range of washroom services including
soap  dispensers,  air  fresheners, sanitary towel and tampon  dispensing  and
disposal, roller towels, warm air hand driers and sanitizers.

Initial   Hospital  Services  provides  hospitals  with  non-clinical  support
services including catering, cleaning and portering.

Initial  Medical  Services collects and safely disposes of used  'sharps'  and
other medical and clinical waste.

Initial  Textile Services includes the design, manufacture, supply and  rental
of  work  garments.  Linen management and floor mats are provided  to  a  wide
range of customers together with linen towel systems for washrooms.

Rentokil  Hygiene  Services  provides  a  range  of  specialist  cleaning  and
disinfection services relating to washrooms, catering, industrial drains,  air
quality,  water  and ventilation systems and IT equipment.  There  is  also  a
specialist  service for decontaminating polluted land, cleaning storage  tanks
and associated environmental remediation services.

Rentokil  Wiper  Services specialises in the provision  of  industrial  wiping
cloths and an industrial glove reclamation service.

Personnel Services

Initial  Education and Training provides and manages conference  and  training
centres for corporate and public sector clients.

Initial  Personnel Services provides permanent, contract and  temporary  staff
for  a  range  of  business  and  public sector  requirements.   In  addition,
management and staff for messenger services and mailrooms are provided.

Pest Control Services

Rentokil  Pest Control is the largest commercial pest control service  in  the
world  and  special emphasis is placed on environmental safety.  'Green'  pest
control  systems include bird deterrents, electronic detection techniques  and
special services which reduce or eliminate the use of toxic materials.

Property Services

Initial Catering Services provides contract catering services to business  and
industry, the educational sector and special events.

Initial  Leisure  Services  provides  resort  management  in  ski  and   beach
locations.

Rentokil  Facilities  Maintenance provides a range of services  including  the
maintenance  of engineering services and the testing of electrical  appliances
and circuits in commercial and industrial buildings.

Rentokil  Initial  Management  Services  provides  facilities  management  and
property services for business and public sector bodies.

Rentokil   Initial  Products  include  insecticides,  rodenticides,  household
cleaning  and  decorating materials, speciality industrial products  for  fire
protection and public health and agricultural pesticides for specialist use.

Rentokil  Office Machine Maintenance leases, rents, sells and services  office
machines together with the sale of office supplies.

Rentokil Property Care provides treatments for woodworm, woodrot, rising  damp
and wall tie corrosion as well as related insurance protection.

Rentokil Roofing replaces and refurbishes industrial roofs.

Rentokil  Timber Preserving manufactures and markets water-based and  solvent-
based wood preservatives.

Rentokil   Tropical  Plants  is  the  world's  largest  provider  of  interior
landscaping  services  on  either a rental and  maintenance  or  purchase  and
maintenance  basis.  This ranges from single units to trees and  displays  for
the largest atrium.

Security Services

Initial Electronic Security Systems is a major provider of electronic security
systems  which  include the supply and monitoring of intruder  alarms,  access
control  systems  and  fire  alarms and CCTV surveillance  to  commercial  and
industrial customers.

Initial  Security  Services  is a market leader in manned  guarding  services,
including  static  guards, mobile patrols, airport  security  and  guards  for
special events and exhibitions.

Transport Services

Initial  Distribution Services includes road tankers, tank and bulk containers
for  the  petrochemical,  gas  and food industries  together  with  intermodal
container  services  and  'high cube' transport.  An overnight  and  same  day
parcel delivery service is also provided.

Initial  Plant  Services  supplies and hires a range  of  equipment  including
scaffolding,   aerial  work  platforms,  cranes  and  lifting  equipment   and
accommodation units as well as providing specialist offshore crane services.



                               RENTOKIL INITIAL

AUTHORITY TO PURCHASE OWN SHARES AND
PROPOSED RETURN OF CAPITAL TO SHAREHOLDERS

Since  the  acquisition  of  BET plc in 1996, Rentokil  Initial's  success  in
growing  profits and cash flow has continued.  Net debt has fallen  from  some
£600  million after the acquisition of BET to £89 million as at 31st  December
1999.   The board believes that shareholder value can be enhanced by returning
a  significant  amount of capital to shareholders.  Increasing  borrowings  to
gear up the balance sheet will improve the Company's weighted average cost  of
capital,  which  should  enable  the Company to  achieve  higher  returns  for
shareholders.   Rentokil Initial therefore intends  to  buy  back  up  to  25%
(approximately £1.5 billion) of its shares.

Under  the rules of the London Stock Exchange, a company can buy back only  up
to  15%  of its issued share capital (with shareholder approval) by  means  of
market   purchases.   Accordingly,  Rentokil  Initial  is  today  posting   to
shareholders  a circular and notice of extraordinary general meeting  to  seek
shareholders'  approval  of  an  amendment  to  the  Company's   Articles   of
Association.  This will enable the Company to purchase its own shares, coupled
with  a  separate shareholders' authority to purchase up to the Stock Exchange
maximum  of 15% of the Company's outstanding shares through the stock  market.
The extraordinary general meeting will be held on Monday, 27th March 2000.

No  purchase will be made unless the board believes that it will result in  an
increase  in  earnings per share.  The board will also take into  account  the
Company's cash resources and bank facilities, the effect on gearing and  other
possible  investment opportunities before deciding whether  to  exercise  this
authority.

The timing and method to achieve the balance of the total return of capital to
shareholders  will be considered in the light of the progress of  the  initial
programme of market purchases.




                               RENTOKIL INITIAL


AGREEMENT ON TERMS OF A RECOMMENDED OFFER FOR RATIN A/S

Rentokil  Initial announces that terms have been agreed in principle with  the
board  of  Ratin A/S for a recommended share for share offer for  Ratin  whose
assets are a 32.1% shareholding in Rentokil Initial and associated cash.

The  offer  will be to exchange new Rentokil Initial shares for all Ratin's  A
and  B  shares in issue on a 'see through' basis, such that the maximum number
of new Rentokil Initial ordinary shares issued to Ratin shareholders (assuming
full acceptance of the offer) will be the same as the total number of Rentokil
Initial ordinary shares currently held by Ratin.  Ratin's A and B shareholders
will  be treated equally and, accordingly, the offer will be made on the basis
of  34.706  new Rentokil Initial shares for each Ratin share they  hold.   The
offer will be subject to normal conditions including, inter alia, approval  by
90% of Ratin shareholders.

Ratin  intends  to  pay its shareholders a dividend in  respect  of  the  1999
interim  and  final  dividends received from Rentokil  Initial  in  line  with
previous  years.  Danish tax clearance in respect of the share exchange  offer
has  been applied for and obtained.  Arrangements will be sought to facilitate
dealings   in  Denmark  in  the  new  Rentokil  Initial  shares   by   private
shareholders.

Further details regarding the offer will be published in due course.