Trading Statement

Rentokil Initial PLC
4 December 2001


                 TRADING STATEMENT FOR THE TEN MONTHS ENDING

                              31ST OCTOBER 2001


                    RENTOKIL INITIAL CONTINUES TO DELIVER

                                STRONG GROWTH


Sir Clive Thompson, Chief Executive of Rentokil Initial, said today:-

'I am very pleased to report that trading for the first ten months of this
year has continued to be good with turnover in our continuing businesses ahead
of our expectations and profits in line with our expectations. Earnings per
share have shown strong growth in line with our expectations.

Specifically, turnover in our continuing businesses increased by 7.2% and
operating profits by 7.3% over the first ten months of last year.

Hygiene Services grew by 8.3% in turnover with a similar good growth in
operating profits, continuing to be driven by excellent performances in
Continental Europe and solid growth in Asia Pacific, Africa and in the United
Kingdom.

Turnover in Security Services increased by 4.4% with sound growth in operating
profits. Excluding the impact of Belgian cash-in-transit restructuring,
Continental Europe and UK showed good growth in turnover and operating
profits. North American turnover growth continues to be good with increasing
opportunities for growth in the medium term arising from the increased
awareness for the need for improved security in this region.

Pest Control Services increased turnover by 4.6% with continued good growth in
operating profits arising from strong results in Continental Europe, good
performances in Asia Pacific, Africa and North America and with a sound
performance in the United Kingdom.

Tropical Plants Services grew turnover by 23.8% with a continuing good growth
in operating profits. Turnover was up strongly in Continental Europe and North
America, the latter assisted by a significant acquisition in the second half
of 2000, although we anticipate a decline in the festive season operating
profits from the US. Sound growth continued in the United Kingdom, Asia
Pacific and Africa.

Conferencing turnover was up by 10.7% with continued good growth in operating
profits.

Parcels Delivery turnover was up by 29.3% with strong growth in operating
profits.

Facilities Management turnover has continued to improve, being slightly down
for the ten months by 1.7% (compared with a decline of 3.3% after six months),
with a similar reduction in profits. As anticipated, due to our continuing
success in winning new contracts, trading has moved ahead in the four months
from July to October in comparison with the same period of 2000.

Thirteen bolt-on acquisitions have been made in our Hygiene, Security, Pest
Control and Tropical Plants businesses at a total cost of some £14m.

Cash generation has continued to be strong.

We have purchased 121.3 million shares this year at an average cost of 197p
per share as part of our share buy-back programme. Since May 1.3 million
shares have been purchased at an average price of 240p, leaving approved
capacity of two hundred and ninety million shares.

Prospects for the full year 2001

For the full year 2001, we anticipate that with accelerating organic growth,
turnover will be ahead of market expectations. We expect profits before tax to
be in line with market expectations with any impact on operating profits from
the seasonal issue in our Tropical Plants business being offset by a lower
interest charge from reduced interest rates and strong cash generation. The
Board is confident that 2001 will show a strong growth in eps over the 11.71p
achieved in 2000, in line with market expectations.

Prospects for 2002

Next year we will continue our strategy to:

  * drive turnover from accelerating organic growth
  * make bolt-on acquisitions primarily in Hygiene and Security in North
    America and Continental Europe
  * maintain and, where possible, improve profit margins
  * generate strong cash flow

This should produce another year of strong growth in earnings per share which
could be further enhanced by the continuation, as planned, of our share
buy-back programme.'


4th December 2001


Note:

The above statement is made based on unaudited management accounts and at
constant rates of exchange, these being the average rates of exchange for
foreign currencies for the year 2000 as used in the 2000 annual report.


                                     END


For further information please contact:

Sir Clive Thompson     Chief Executive

R C Payne              Finance Director

C D Grimaldi           Corporate Affairs Director

Tel: [phone]