Issue of Debt

Rentokil Initial PLC
3 May 2002


                              RENTOKIL INITIAL plc


Further to our previous announcement made on 19 April 2002, and after completion
of our recent Euro bond issue road show, Rentokil Initial plc announces the
issue of Euro 500m of 5 year bonds. The annual coupon on the bonds has been set
at 5.75 per cent. The bonds will be repayable at par on 21 May 2007 and will be
issued under the company's Euro Medium Term Note Programme.


                                      END


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