Rentokil Initial interims

Interim Results for the half year to 30th June 2002

RENTOKIL INITIAL CONTINUES TO DELIVER

STRONG UNDERLYING ORGANIC GROWTH AND CASH FLOW

* Turnover increased to #1,153.7m. Up 4.8% at actual rates and up by 7.4% at
constant average exchange rates for 2001 to #1,179.9m.

* Profits before Tax increased to #186.6m. Up 6.8% at actual rates and up by
10.5% at constant average exchange rates for 2001 to #191.9m.

* Earnings per Share up 14.6% to 6.99p.

* Dividend up 10.5% to 1.58p.

* Continuing acceleration in underlying organic growth.

* Excellent performances in Security and Parcels Delivery.

* Major improvement in Facilities Management resulting from success of Multi
Focus strategy.

* Strong performance across Continental Europe.

* Increased investment in sales and marketing to drive continuing organic
growth.

* Very strong operating cash flow at #111m.

* Board expects excellent growth in Earnings per Share for 2002 in line with
market expectations.

Turnover increased by 4.8% to #1,153.7m but by 6.2% at constant average exchange
rates to June 2002. At constant average exchange rates for 2001, turnover was
#1,179.9m, giving growth of 7.4% which compares with 6.9% reported after four
months. This continuing acceleration in underlying turnover follows further
investment in sales and marketing.

Profits before tax increased by 6.8% to #186.6m but by 9.8% at constant average
exchange rates to June 2002. At constant average exchange rates for 2001,
profits before tax were #191.9m, giving growth of 10.5%, the same as the 10.5%
reported after four months.

Earnings per share increased by 14.6% to 6.99p, benefitting from the good
increase in profits, the strong cash flow, the lower tax charge and the share
buy-back programme.

Segmental Commentary (at constant average exchange rates to June 2002)

Hygiene Services was up by 3.6% in turnover at #343.6m and 3.9% in operating
profits at #95.6m. Continental Europe was up 8.1% in turnover at #206.8m, with
particularly strong performances in France and Netherlands and good performances
in Italy, Spain and Switzerland. UK turnover was down by 4.0% at #94.5m, North
America down 3.1% at #3.6m and Asia Pacific and Africa up by 0.8% at #38.7m with
a particularly good performance in Indonesia.

Security Services turnover was up 11.0% at #273.7m with operating profits up by
7.1% to #24.0m. Continental Europe turnover was up 10.4% at #62.6m with an
excellent performance in France and a good improvement in Belgium. North America
turnover was up by 16.0% at #82.5m with good growth in manned guarding contracts
in USA. UK turnover was up by 8.3% at #128.6m.

Pest Control Services turnover was up by 3.6% at #103.1m and operating profits
up by 6.4% at #38.4m. UK turnover was flat at #33.4m and Continental Europe up
by 5.0% at #45.4m, with good performances in Netherlands, Belgium, Portugal and
Spain. North America turnover was up by 10.4% at #8.4m and Asia Pacific and
Africa turnover up by 4.7% at #15.9m, with strong performances in Malaysia and
Thailand.

Tropical Plants turnover fell by 4.5% to #57.1m and operating profits by 3.3% to
#8.8m. North America turnover was down by 8.8% at #33.4m, following the
restructuring of a number of loss making branches. Continental Europe turnover
was up by 10.0% at #13.1m with a good performance in Norway. UK turnover was
down by 4.0% at #6.2m. Asia Pacific and Africa turnover was down by 8.0% at
#4.4m.

Conferencing turnover grew by 2.5% to #37.0m with operating profits up by 3.0%
to #13.7m reflecting an improvement in business in recent months as a result of
new contracts.

Parcels Delivery turnover was up by 11.9% at #90.2m with operating profits at
#13.0m up by 17.1%. At constant exchange rates for 2001, growth was 25.3% which
compares with 23.5% reported after four months. UK performed strongly with
turnover up by 9.1% to #85.7