Interim Results

RENTOKIL INITIAL PLC
18 August 1999

                INTERIM STATEMENT - SIX MONTHS TO 30TH JUNE 1999
                
Half year       Turnover increased by 2.5% to £1,474 million
results         
                Profits increased by 10.2% to £253 million
                
                Earnings per share increased by 10.5% to 6.22p
                
                Dividend increased by 12.2% to 1.20p
                
                These  results,  with a profits growth of 10.2%  and  earnings
                per  share  up 10.5%, were in line with the forecast  made  at
                the  Annual  General  Meeting in May.   At  constant  exchange
                rates,  turnover  would have increased  by  1.9%,  profits  by
                10.7% and earnings per share by 11.0%.
                
                Turnover  growth was good in many businesses, particularly  in
                such  higher  margin businesses as European  textile  services
                and   healthcare,  European  security  and  UK  education  and
                training.
                
                However,  overall  turnover growth was held back  by  contract
                losses in some specific low margin activities, resulting in  a
                profit  decline in these businesses.  Reductions  in  turnover
                and  profit  were therefore seen in UK catering,  UK  hospital
                services,  UK management services and UK cleaning as  well  as
                in  US personnel.  In Asia, turnover and profit are still down
                on  a  year on year basis because of the low business base  in
                comparison  with the start of the previous year.  Overall  the
                turnover  of these businesses reduced by 11.6% and  profit  by
                24.6%.
                
                Excluding   these  low  margin  activities   and   the   Asian
                businesses, turnover would have risen by 5.6% and  profits  by
                15.9% (at constant exchange rates).
                
Trading    -    By geographic area
                
           *    United  Kingdom  turnover was down 2.3% to £659m  which  would
                have  been  up  by  1.2% excluding the  above  UK  low  margin
                activities.  Margins also improved to give profits  of  £135m,
                up  by  5.1%  which  would  have  been  an  increase  of  9.5%
                excluding  the  above  UK low margin  activities.   There  was
                strong  growth in textile services and healthcare, as well  as
                in  education and training and personnel services.  There  was
                good  growth  in security and in distribution with  continuing
                growth  in  our  parcels delivery business; pest  control  was
                disappointing although net contract additions improved.
                
           *    Europe  showed an excellent turnover growth of 15.7% at actual
                exchange  rates to £365m, which would have been  up  12.7%  at
                constant  rates.   Margins  also  improved  to  give  a  29.0%
                increase  in  profits  to  £67.4m (an  increase  of  25.9%  at
                constant  rates).   Particularly strong  growth  was  seen  in
                textile services and healthcare as well as in tropical  plants
                and   pest   control  with  good  growth   in   security   and
                distribution.
                
           *    North  America  showed  an increase in  turnover  of  1.6%  at
                actual  rates to £380m (which would have been a fall  of  0.4%
                at  constant  rates).  The turnover would  have  increased  by
                3.7%  without the reduction in turnover in the low  margin  US
                personnel  services.   Profits were down  by  6.6%  at  actual
                rates  to  £33.4m  reflecting  the  poor  performance  of   US
                personnel  services  and  US  distribution.   There  was  good
                growth  in plant services with profits held back by a regional
                strike and in tropical plants investment held back profits.
                
           *    Asia  Pacific  and Africa showed an increase  in  turnover  of
                5.8%  (at  constant  rates) which was  adversely  impacted  by
                exchange rates to give a reduction of 5.2% in sterling  terms.
                Margins  were held to give a reduction in profits of  5.4%  at
                actual  rates to £22.7m, which would have been an increase  of
                6.7%  at  constant rates.  These results continue to  be  held
                back  by  Asia where, although the economies generally started
                to  show  improvement, turnover and profits were  still  below
                last  year as a result of the sharp reduction in the  business
                base  over  the  last year.  Without Asia, this  region  would
                have  shown  an  increase in turnover of  12.6%  (at  constant
                rates)  and  an  increase of 13.9% in profits reflecting  good
                performance in Africa with sound development in Australia  and
                a good performance in Japan.
                
           -    By business stream
                
           *    Hygiene  Services showed a good increase in turnover  of  6.8%
                to  £468m,  which  would  have been an  increase  of  5.5%  at
                constant  rates and an increase of 9.6% excluding the turnover
                reduction  in  the  low margin UK cleaning activities  and  in
                Asia.   Margins  also improved and profit  grew  by  13.8%  at
                actual  rates to £111m which would have been a 13.2%  increase
                at  constant rates and a 20.0% increase excluding UK  cleaning
                and  Asia.  Good growth was produced in textile  services  and
                healthcare, particularly in Europe.
                
           *    Personnel  Services turnover fell by 4.0% at actual  rates  to
                £161m  which would have been a fall of 5.3% at constant rates.
                However  this fall was a result of the large fall  in  the  US
                personnel  business and, excluding this, turnover  would  have
                grown  by  6.5%.   Margins improved well and profits  grew  by
                6.1%  (5.5%  at constant rates) to £17.6m, which were  reduced
                by  the poor performance in the US business, with UK education
                and   training  and  UK  personnel  both  producing  excellent
                growth.
                
           *    Pest  Control Services showed turnover increasing by  2.6%  at
                actual  rates  to  £94.1m  and 2.0%  at  constant  rates  with
                profits  falling  by 0.8% to £32.9m (a 1.1% fall  at  constant
                rates).   This was a result of a flat performance  in  the  UK
                and  the  reduction  in  Asia but there  was  good  growth  in
                Europe.
                
           *    Property  Services turnover fell by 12.2% at actual  rates  to
                £144m  (which was a 12.4% fall at constant rates) but  margins
                were  improved to give profits of £22.1m, a reduction of  2.6%
                at  actual  rates (3.0% at constant rates).  This  sector  was
                impacted  by  the loss of low margin business in  UK  catering
                and  UK management services and, without these activities (and
                at  constant rates), the fall in turnover would have been 4.7%
                but  profits  would  have  grown by  3.6%.   There  was  sound
                progress  in  tropical  plants  with  good  growth  in  Europe
                offsetting investment in the US business.
                
           *    Security  Services  produced  a 7.7%  growth  in  turnover  at
                actual  rates  to  £223m (up 6.6% at constant  rates)  with  a
                sound  growth  of  7.9%  in profits  to  £22.9m  (up  7.4%  at
                constant  rates).   UK, Europe and North America  are  primary
                areas for further development.
                
           *    Transport Services turnover grew by 3.9% (up 4.5% at  constant
                rates)  to £384m and profits grew by 5.7% to £52.6m  (up  9.0%
                at  constant rates). UK parcels showed continuing  growth  and
                there  was  also good growth in other distribution  activities
                in  the  UK,  Europe  and  Asia  Pacific  but  results  in  US
                distribution  were  very disappointing.   USA  plant  services
                turnover growth was good although profits were held back by  a
                regional strike.
                
Cash flow       Cash   flow  in  the  half  year  was  £134m  (after   capital
                investment but before acquisitions, dividends and purchase  of
                own  shares) which was down on the exceptional £153m  in  last
                year's  first  half but ahead of the £99m  cash  flow  in  the
                first half of 1997.
                
Year 2000 - IT  Our  programme  to  ensure that our IT software  and  hardware
                will function through the year end 1999 into the year 2000  is
                now  almost  totally  complete  and  all  testing  should   be
                completed  during  the third quarter.   We  believe  that  all
                critical systems are or will be fully compliant.
                
Acquisitions    During  the  first half of 1999 we spent £5.8m on acquisitions
                (including  deferred payments) and to date  in  1999  we  have
                spent  £12.6m  on  twelve  acquisitions.   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 tropical plants businesses in Australia, France
                and  Denmark  as  well as to the manned guarding  business  in
                USA.
                
Dividend        An  interim net dividend of 1.20p per share (1998: 1.07p) will
                be  paid  on 5th November 1999 to shareholders on the register
                on 1st October 1999.
                
Objective       Given  lower levels of inflation and growth, our 20% objective
                has  now  been  reviewed  and whilst  such  increases  may  be
                achieved   in   the  future,  the  company  has  revised   its
                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        We  have  also  reviewed and revised our strategy  to  achieve
                this objective:-
                
                    '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.'
                
                Our core activities are:
                - Hygiene - Healthcare and Textile Services, Cleaning
                - Personnel - Education and Training
                - Pest Control
                - Property Services - Tropical Plants
                - Security - Electronic Security and Manned Guarding
                - Transport - Parcels Delivery
                
                These will be our focus both for organic and acquisition
                growth.
                
                In   implementing  this  strategy,  we  are  adopting  a  more
                flexible approach to the pricing of large contract/low  margin
                business  in  specific  activities  in  order  to  reduce  the
                adverse impact which has been experienced in 1999.
                
                In   spite   of   our  continual  evaluation  of   acquisition
                opportunities,  cash flow continues to exceed  the  investment
                into  new acquisitions.  Now that we have improved the returns
                and   values  of  some  of  our  non-core  activities  we  are
                reviewing  the  opportunity to produce value for  shareholders
                from  their disposal.  We are also reviewing the strategy  and
                timing of returning cash to shareholders.
                
                In  order  to improve organic growth we are focussing  on  the
                opportunities  of  our extensive customer  base.   In  the  UK
                alone  Rentokil Initial has over 400,000 client addresses  and
                on  average our clients purchase fewer than two services.  The
                client  lists  of individual businesses in the  UK  have  been
                merged  to  provide  a  databank which  provides  a  marketing
                opportunity  to  offer further services to  existing  clients.
                Early   trials   have   indicated  that  this   represents   a
                significant opportunity to increase sales of new contracts.
                
Prospects for   Continued   growth  in  the  higher  margin  businesses   will
1999 and 2000   continue  to  improve  overall turnover, margins  and  profits
                but,  in 1999, this growth will still be held back by the  low
                margin  activities.   Our businesses in South  East  Asia  are
                expected  to improve from a much reduced base as the economies
                recover.
                
                The  databank marketing programme will be launched in  the  UK
                in  October 1999 and trials in European countries will  follow
                during  the  first  half of 2000 with launches  in  the  major
                European  countries  during the second half  of  2000.   Sales
                should  show  a  significant benefit from  this  programme  in
                2000.
                
                The  Board expects growth in profit and earnings for the  full
                year to be in line with that in the half year.  We expect  the
                results for 2000 and beyond to be positively impacted  by  the
                revised strategy.
                
Issued for      Rentokil Initial plc, Felcourt, East Grinstead, West Sussex
                
Press           Sir Clive Thompson, Chief Executive     )    [phone]
enquiries       C T Pearce, Finance Director    )
                





GEOGRAPHIC ANALYSIS


                          6 months to      6 months to               Year to
                         30 June 1999     30 June 1998      31 December 1998
                                   £m               £m                    £m

TURNOVER
United Kingdom                  659.1            674.9               1,348.2
Continental Europe              365.4            315.9                 659.6
North America                   380.3            374.3                 754.8
Asia Pacific and Africa          69.4             73.2                 136.7

                              1,474.2          1,438.3               2,899.3

PROFIT BEFORE TAX
United Kingdom                  135.4            128.8                 266.4
Continental Europe               67.4             52.3                 113.3
North America                    33.4             35.8                  86.6
Asia Pacific and Africa          22.7             23.9                  43.1
Net Interest                     (5.9)           (11.3)                (18.8)

                                253.0            229.5                 490.6


BUSINESS ANALYSIS

                          6 months to      6 months to               Year to
                         30 June 1999     30 June 1998      31 December 1998
                                   £m               £m                    £m

TURNOVER
Hygiene Services                468.0            438.1                 887.6
Personnel Services              161.1            167.8                 337.0
Pest Control Services            94.1             91.6                 186.8
Property Services               143.6            163.6                 315.7
Security Services               223.4            207.5                 426.9
Transport Services              384.0            369.7                 745.3

                              1,474.2          1,438.3               2,899.3

PROFIT BEFORE TAX
Hygiene Services                110.8             97.4                 200.2
Personnel Services               17.6             16.6                  38.3
Pest Control Services            32.9             33.1                  66.6
Property Services                22.1             22.7                  45.0
Security Services                22.9             21.2                  47.4
Transport Services               52.6             49.8                 111.9
Net Interest                     (5.9)           (11.3)                (18.8)

                                253.0            229.5                 490.6



CONSOLIDATED PROFIT AND LOSS ACCOUNT

                          6 months to      6 months to               Year to
                         30 June 1999     30 June 1998      31 December 1998
                                   £m               £m                    £m

Turnover (including share of
associates)
Continuing operations        1,472.2           1,438.3               2,899.3
Acquisitions                     2.0                 -                     -
                             1,474.2           1,438.3               2,899.3

Less share of turnover
 of associates                  (9.4)            (13.2)                (20.9)
Turnover                     1,464.8           1,425.1               2,878.4

Operating expenses          (1,207.9)         (1,186.4)             (2,373.7)

Operating Profit
 Continuing Operations         256.7             238.7                 504.7
 Acquisitions                    0.2                 -                     -
                               256.9             238.7                 504.7
Share of profit
 of associates                   2.0               2.1                   4.7
Profit on ordinary activities
 before interest               258.9             240.8                 509.4

Interest payable (net)          (5.9)            (11.3)                (18.8)

Profit on ordinary activities
 before taxation               253.0             229.5                 490.6
Tax on profit on ordinary
 activities                    (74.4)            (67.7)               (139.8)
Profit on ordinary activities
 after taxation                178.6             161.8                 350.8

Minority interests              (0.8)             (0.9)                 (1.2)
Profit attributable to
 shareholders                  177.8             160.9                 349.6

Dividends                      (34.3)            (30.6)               (105.9)

Profit retained                143.5             130.3                 243.7

Earnings per share             6.22p             5.63p                12.22p

Diluted earnings
 per share                     6.19p             5.60p                12.17p

Dividends per share            1.20p             1.07p                 3.70p


CONSOLIDATED BALANCE SHEET

                         30 June 1999     30 June 1998      31 December 1998
                                   £m               £m                    £m

Fixed assets
Intangible assets                47.2             18.1                  46.8
Tangible assets                 901.1            830.9                 871.9
Investments                      33.1             14.2                  26.2
                                981.4            863.2                 944.9

Current assets
Stocks                           66.8             59.8                  60.4
Debtors                         593.8            557.8                 576.5
Taxation recoverable                -             23.2                     -
Short term deposits
 and cash                       224.2            129.3                 180.3
                                884.8            770.1                 817.2

Liabilities due within
 one year
Creditors                      (742.6)          (762.7)               (773.5)
Bank and other
 borrowings                    (210.8)           (60.6)               (132.4)

                               (953.4)          (823.3)               (905.9)

Net current liabilities         (68.6)           (53.2)                (88.7)

Total assets less current
 liabilities                    912.8            810.0                 856.2

Liabilities due after one year
Creditors                       (58.3)           (58.0)                (57.8)
Bank and other
 borrowings                    (256.8)          (410.1)               (342.1)
Provisions for liabilities
 and charges                   (255.9)          (250.1)               (262.6)

Net assets                      341.8             91.8                 193.7

Equity capital & reserves
Called up share capital          28.7             28.6                  28.7
Share premium account            34.3             30.0                  32.6
Revaluation reserve               5.4              4.3                   5.1
Other reserves                    7.8              7.8                   5.8
Profit and loss account         260.8             16.7                 116.9
Equity shareholders'
 funds                          337.0             87.4                 189.1

Equity minority
 interests                        4.8              4.4                   4.6

Capital employed                341.8             91.8                 193.7


SHAREHOLDERS' FUNDS MOVEMENTS

                          6 months to      6 months to               Year to
                         30 June 1999     30 June 1998      31 December 1998
                                   £m               £m                    £m

Profit attributable to
 shareholders                   177.8            160.9                 349.6
Dividends                       (34.3)           (30.6)               (105.9)
New share capital issued          1.7              4.1                   6.8
Goodwill written-off
 (net)                              -                -                 (18.6)
Exchange translation
 adjustments                      2.7            (11.4)                 (7.2)

Net movements in
 shareholders' funds            147.9            123.0                 224.7
Opening shareholders'
 funds                          189.1            (35.6)                (35.6)

Closing shareholders'
 funds                          337.0             87.4                 189.1


CONSOLIDATED CASH FLOW STATEMENT

                          6 months to      6 months to               Year to
                         30 June 1999     30 June 1998      31 December 1998
                                   £m               £m                    £m

Operating activities
Operating profit                256.9            238.7                 504.7
Depreciation charge              92.9             85.9                 168.4
Net movement in working
 capital                        (44.4)           (33.4)                (83.2)
                                305.4            291.2                 589.9

Associates' dividends
Dividends received from
 associates                         -                -                   1.6


Interest/Dividends
Interest received                10.0             15.1                  28.6
Interest paid                   (20.8)           (21.4)                (49.0)
Dividends paid to minority
 interests                       (0.6)            (0.2)                 (0.4)
                                (11.4)            (6.5)                (20.8)

Tax paid                        (35.0)           (19.2)                (81.3)

Capital expenditure and
 financial investment
Purchase of tangible
 fixed assets                  (153.3)          (131.1)               (249.1)
Less: financed by leases          7.8              6.7                  14.2
                               (145.5)          (124.4)               (234.9)

Sale of tangible fixed
 assets                          20.6             13.7                  38.2
                               (124.9)          (110.7)               (196.7)

Purchase of own shares
 for employee share
 option scheme                   (6.0)               -                 (17.1)

Acquisitions
Purchase of companies and
 businesses                      (5.8)           (23.2)                (51.7)
Less: net cash
 acquired                           -              2.9                   0.6
                                 (5.8)           (20.3)                (51.1)


Equity dividends paid
Dividends paid to
 shareholders                   (75.4)           (62.0)                (92.7)

NET CASH INFLOW BEFORE USE
 OF LIQUID RESOURCES AND
 FINANCING                       46.9             72.5                 131.8

Management of liquid resources
Movement in short term
 deposits                         5.0              5.4                  (3.6)

Financing
Issue of ordinary share
 capital                          1.7              4.1                   6.8
Net loan movement                25.2           (150.6)               (164.3)
Finance lease movements          (6.1)            (4.6)                 (9.7)

Net cash inflow/(outflow)
 from financing                  20.8           (151.1)               (167.2)

Net cash
Increase/(decrease) in
net cash                         72.7            (73.2)                (39.0)

Reconciliation to net debt
Net debt at 1st January        (294.2)          (410.5)               (410.5)
Cash flows                       72.7            (73.2)                (39.0)
Acquired with
 subsidiaries                       -                -                  (0.6)
Movement in loans               (25.2)           150.6                 164.3
Movement in deposits             (5.0)            (5.4)                  3.6
Movements in finance
 leases                          (1.7)            (2.1)                 (4.5)
Exchange adjustments             10.0             (0.8)                 (7.5)

Closing net debt               (243.4)          (341.4)               (294.2)



Notes

1.    The  profit and loss account and cash flow statement for the
      half  years to 30th June 1998 and 1999 and for the  year  to
      31st December 1998 have been translated at average rates  of
      exchange for the relevant periods.  Balance sheets have been
      translated at period end rates.
      
2.    The turnover and profit before tax for the half year to 30th
      June  1999, if translated at average exchange rates for  the
      half year to 30th June 1998, would have been £9.0m lower and
      £1.1m higher respectively.
      
3.    From   the   dates  of  acquisition  to  30th   June   1999,
      acquisitions contributed £2.0m to turnover, £0.2m to  profit
      before interest and £0.2m to profit after interest.
      
4.    Goodwill  represents the excess of the  fair  value  of  the
      consideration paid over the aggregate of the fair values  of
      the net tangible 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.   Normally,
      it   is  considered  that  the  goodwill  relating  to   the
      acquisitions made by the company is an inseparable  part  of
      the  total  value  of the relevant business  and  that  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.  Where it  is
      considered that the value of the business or its goodwill do
      have  a  measurable  economic life,  the  goodwill  will  be
      amortised  through  the  profit and loss  account  by  equal
      annual  instalments  over such useful  economic  life.   The
      potential  economic  lives of businesses  and  goodwill  are
      reviewed annually and revised where appropriate.
      
      Where  the  useful economic life does not exceed  20  years,
      goodwill will be subject to an impairment review at the  end
      of  the  year  of acquisition and at any other time  if  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
      businesses and goodwill are assessed for impairment  against
      carrying  values on an annual basis in accordance  with  FRS
      11.   Any impairment will be charged to the profit and  loss
      account in the period in which it arises.
      
      The Directors have reviewed the acquisitions made in the six
      months   to  30th  June  1999  and  determined  that   these
      businesses  have  indefinite  useful  lives  and  hence  the
      goodwill is not being amortised.
      
5.    Full  year  1998  figures are taken from the accounts  filed
      with  the Registrar of Companies.  The results for  the  six
      months  to 30th June 1999 and 30th June 1998 have  not  been
      audited  but  have  been reviewed by PricewaterhouseCoopers,
      the company's auditors.
      
6.    Turnover  for the period includes £9.4m (1998:  £13.2m)  and
      profit  £2.0m (1998: £2.1m) in respect of the group's  share
      of  associates  (Nippon Calmic Limited and  Rezayat  Sparrow
      Arabian  Crane  Hire  Co  Ltd  -  1998  associates'  figures
      included  BTMF  SA  which  has subsequently  become  a  full
      subsidiary undertaking).
      
7.    Tax  comprises  UK  Corporation Tax  (less  double  taxation
      relief) £41.1m (1998: £38.0m) and overseas tax £33.3m (1998:
      £29.7m).
      
8.    The   financial  information  in  this  statement  does  not
      constitute statutory accounts within the meaning of s.240 of
      the Companies Act 1985.
      
9.    Copies   of  the  Interim  Report  will  be  despatched   to
      shareholders  and will also be available from the  Company's
      registered  office at Felcourt, East Grinstead, West  Sussex
      RH19 2JY.
      



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   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  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.

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.

Rentokil  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.